MCDERMOTT GROUP LIMITED

Company Registration Number:
SC198979 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

MCDERMOTT GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

MCDERMOTT GROUP LIMITED

Directors' report period ended 30 April 2023

The directors present their report with the financial statements of the company for the period ended 30 April 2023

Principal activities of the company

The Principle activity of the company is Plumbing, heat and air-conditioning installation.



Directors

The directors shown below have held office during the whole of the period from
1 May 2022 to 30 April 2023

Darren McDermott
Iain Muir
William McDermott
Jason McDermott


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 April 2024

And signed on behalf of the board by:
Name: Darren McDermott
Status: Director

MCDERMOTT GROUP LIMITED

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 664 664
Total fixed assets: 664 664
Current assets
Stocks:   0 0
Debtors: 4 152,109 171,372
Cash at bank and in hand: 2,408 157
Investments:   0 0
Total current assets: 154,517 171,529
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 52,423 ) ( 71,444 )
Net current assets (liabilities): 102,094 100,085
Total assets less current liabilities: 102,758 100,749
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 102,758 100,749
Capital and reserves
Called up share capital: 200 200
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 102,558 100,549
Total Shareholders' funds: 102,758 100,749

The notes form part of these financial statements

MCDERMOTT GROUP LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 5 April 2024
and signed on behalf of the board by:

Name: Darren McDermott
Status: Director

The notes form part of these financial statements

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

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

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 8

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Fixed assets investments note

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

2023 2022
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 152,109 171,372
Total 152,109 171,372
Debtors due after more than one year: 0 0

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 2,964 1,764
Taxation and social security 3,852 24,572
Accruals and deferred income 5,108 4,608
Other creditors 40,499 40,500
Total 52,423 71,444

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Financial Commitments

The company only have financial assets and liabilities of a kind that would qualify as basic financial instruments which are recognised at their transaction value and subsequently measured at their settlement value.