Registered number
03857368
The McOnie Agency Limited
Unaudited Filleted Accounts
31 December 2023
The McOnie Agency Limited
Registered number: 03857368
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 - 18,416
Current assets
Debtors 5 146,447 190,878
Cash at bank and in hand 354 6,009
146,801 196,887
Creditors: amounts falling due within one year 6 (63,461) (56,938)
Net current assets 83,340 139,949
Total assets less current liabilities 83,340 158,365
Creditors: amounts falling due after more than one year 7 (58,039) (116,199)
Net assets 25,301 42,166
Capital and reserves
Called up share capital 1,020 1,020
Profit and loss account 24,281 41,146
Shareholder's funds 25,301 42,166
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Drablow
Director
Approved by the board on 15 April 2024
The McOnie Agency Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Website 3 years straight line
Office equipment 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 7
3 Intangible fixed assets £
Website:
Cost
At 1 January 2023 7,540
Disposals (7,540)
At 31 December 2023 -
Amortisation
At 1 January 2023 7,540
On disposals (7,540)
At 31 December 2023 -
Net book value
At 31 December 2023 -
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 21,158 53,608 74,766
Disposals (21,158) (53,608) (74,766)
At 31 December 2023 - - -
Depreciation
At 1 January 2023 18,223 38,127 56,350
Charge for the year - 128 128
On disposals (18,223) (38,255) (56,478)
At 31 December 2023 - - -
Net book value
At 31 December 2023 - - -
At 31 December 2022 2,935 15,481 18,416
5 Debtors 2023 2022
£ £
Trade debtors 252 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 133,799 177,243
Other debtors 12,396 13,635
146,447 190,878
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 58,786 53,225
Trade creditors - 270
Taxation and social security costs 2,516 1,943
Other creditors 2,159 1,500
63,461 56,938
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 58,039 116,199
8 Controlling party
The company is a wholly owned subsidiary of Branscombe Group Limited. The registered office of Branscombe Group Limited is 24 Bell Lane, Blackwater, Camberley GU17 0NW.
9 Other information
The McOnie Agency Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Bell Lane
Blackwater
Camberley
Surrey
GU17 0NW
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