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REGISTERED NUMBER: 02096721 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

J. McCann & Co. (Nottm) Limited

J. McCann & Co. (Nottm) Limited (Registered number: 02096721)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J. McCann & Co. (Nottm) Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: J J McCann





SECRETARY: J J McCann





REGISTERED OFFICE: McCann House
110 Nottingham Road
Chilwell
Nottingham
Nottinghamshire
NG9 6DQ





REGISTERED NUMBER: 02096721 (England and Wales)





AUDITORS: Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

J. McCann & Co. (Nottm) Limited (Registered number: 02096721)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 283,695 372,874
Investments 5 1 1
Cash at bank 91,032 158,542
374,728 531,417
CREDITORS
Amounts falling due within one year 6 366,797 528,050
NET CURRENT ASSETS 7,931 3,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,931

3,367

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings (92,069 ) (96,633 )
SHAREHOLDERS' FUNDS 7,931 3,367

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

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 4 April 2024 and were signed by:





J J McCann - Director


J. McCann & Co. (Nottm) Limited (Registered number: 02096721)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

J. McCann & Co. (Nottm) Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue on contracts is valued on a contract by contract basis. When the outcome of a contract can be estimated reliably contract revenue and costs are recognised by reference to the degree of completion of each contract as measured by the proportion of total costs at the balance sheet date to the estimated total cost of the contract. When the outcome of a contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred, where it is probable these costs will be recovered.

When it is probable that the total contract costs will exceed total contract revenue, the expected loss is recognised immediately. Contract costs are recognised as an expense in the period in which they are incurred.

Where costs incurred plus recognised profits less recognised losses exceed progress billings, the balance is shown as amounts recoverable on contracts within debtors. Where progress billings exceed costs incurred plus recognised profits less recognised losses, the balance is shown as deferred income within creditors.

All sales revenue recognised in the year relates to contract revenue.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

J. McCann & Co. (Nottm) Limited (Registered number: 02096721)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,182 1,214
Amounts owed by group undertakings 246,256 341,403
Other debtors 30,257 30,257
283,695 372,874

5. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 346,703 374,843
Taxation and social security (896 ) (896 )
Other creditors 20,990 154,103
366,797 528,050

7. SECURED DEBTS

On 22 August 2017 the company gave guarantee to Barclays PLC for the security of all indebtedness in the nature of both a fixed and floating charge held against company assets.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil South BA FCA (Senior Statutory Auditor)
for and on behalf of Clayton & Brewill

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The controlling party is McCann Group Limited.

The ultimate controlling party is J J McCann.