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Registered number: 05959496
McArdle Cleaning & Maintenance Services Ltd
Financial Statements
For The Year Ended 31 October 2023
D & S Associates
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05959496
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,500 6,000
Tangible Assets 5 30,235 39,683
34,735 45,683
CURRENT ASSETS
Debtors 6 9,419 10,334
Cash at bank and in hand 13,704 -
23,123 10,334
Creditors: Amounts Falling Due Within One Year 7 (52,558 ) (38,993 )
NET CURRENT ASSETS (LIABILITIES) (29,435 ) (28,659 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,300 17,024
Creditors: Amounts Falling Due After More Than One Year 8 (34,631 ) (46,642 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,745 ) (7,679 )
NET LIABILITIES (35,076 ) (37,297 )
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account (35,086 ) (37,307 )
SHAREHOLDERS' FUNDS (35,076) (37,297)
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kieron McArdle
Director
19/02/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
McArdle Cleaning & Maintenance Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05959496 . The registered office is Rockleigh House, 37 Burton Road, Ashby De La Zouch, Leicestershire, LE65 2LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing Balance
Motor Vehicles 25% reducing Balance
Computer Equipment 15% reducing Balance
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2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 November 2022 30,000 500 30,500
As at 31 October 2023 30,000 500 30,500
...CONTINUED
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Amortisation
As at 1 November 2022 24,000 500 24,500
Provided during the period 1,500 - 1,500
As at 31 October 2023 25,500 500 26,000
Net Book Value
As at 31 October 2023 4,500 - 4,500
As at 1 November 2022 6,000 - 6,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 17,809 71,601 1,939 91,349
As at 31 October 2023 17,809 71,601 1,939 91,349
Depreciation
As at 1 November 2022 13,432 36,635 1,599 51,666
Provided during the period 656 8,741 51 9,448
As at 31 October 2023 14,088 45,376 1,650 61,114
Net Book Value
As at 31 October 2023 3,721 26,225 289 30,235
As at 1 November 2022 4,377 34,966 340 39,683
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 432 576
Director's loan account 8,987 9,758
9,419 10,334
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,584 7,584
Trade creditors 1,821 2,365
Bank loans and overdrafts 10,000 20,839
Corporation tax 17,820 1,210
VAT 13,633 5,295
Accruals and deferred income 1,700 1,700
52,558 38,993
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,391 19,975
Bank loans 22,240 26,667
34,631 46,642
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,584 7,584
Later than one year and not later than five years 12,391 19,975
19,975 27,559
19,975 27,559
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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