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REGISTERED NUMBER: SC478239 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

BRIAN MCGOLDRICK LTD

BRIAN MCGOLDRICK LTD (REGISTERED NUMBER: SC478239)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRIAN MCGOLDRICK LTD

Company Information
for the Year Ended 31 July 2023







DIRECTOR: B McGoldrick





REGISTERED OFFICE: 32 Ardfern Road
Moffat Mills
Airdrie
ML6 8NN





REGISTERED NUMBER: SC478239 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

BRIAN MCGOLDRICK LTD (REGISTERED NUMBER: SC478239)

Abridged Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,175 46,351
Tangible assets 5 13,022 16,759
36,197 63,110

CURRENT ASSETS
Debtors 40,723 32,805
Cash at bank 54,736 65,670
95,459 98,475
CREDITORS
Amounts falling due within one year 28,797 21,871
NET CURRENT ASSETS 66,662 76,604
TOTAL ASSETS LESS CURRENT LIABILITIES 102,859 139,714

PROVISIONS FOR LIABILITIES 2,930 3,184
NET ASSETS 99,929 136,530

CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 29,975 29,975
Retained earnings 69,829 106,430
99,929 136,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BRIAN MCGOLDRICK LTD (REGISTERED NUMBER: SC478239)

Abridged Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





B McGoldrick - Director


BRIAN MCGOLDRICK LTD (REGISTERED NUMBER: SC478239)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Brian McGoldrick Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BRIAN MCGOLDRICK LTD (REGISTERED NUMBER: SC478239)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 231,765
AMORTISATION
At 1 August 2022 185,414
Amortisation for year 23,176
At 31 July 2023 208,590
NET BOOK VALUE

At 31 July 2023 23,175
At 31 July 2022 46,351

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 38,487
Additions 745
At 31 July 2023 39,232
DEPRECIATION
At 1 August 2022 21,728
Charge for year 4,482
At 31 July 2023 26,210
NET BOOK VALUE
At 31 July 2023 13,022
At 31 July 2022 16,759

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
B McGoldrick
Balance outstanding at start of year 32,805 44,094
Amounts advanced 128,581 102,489
Amounts repaid (120,663 ) (113,778 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,723 32,805