Bright AccountsProduction v1.0.0 v1.0.0 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity during the year continued to be the installation and service of heating and plumbing systems. 19 January 2024 2 2 NI007628 2023-06-30 NI007628 2022-06-30 NI007628 2021-06-30 NI007628 2022-07-01 2023-06-30 NI007628 2021-07-01 2022-06-30 NI007628 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI007628 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI007628 uk-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 NI007628 uk-bus:AbridgedAccounts 2022-07-01 2023-06-30 NI007628 uk-core:ShareCapital 2023-06-30 NI007628 uk-core:ShareCapital 2022-06-30 NI007628 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI007628 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI007628 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI007628 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI007628 uk-bus:FRS102 2022-07-01 2023-06-30 NI007628 uk-core:PlantMachinery 2022-07-01 2023-06-30 NI007628 uk-core:MotorVehicles 2022-07-01 2023-06-30 NI007628 2022-07-01 2023-06-30 NI007628 uk-bus:Director1 2022-07-01 2023-06-30 NI007628 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI007628
 
 
McCollam (Heating & Plumbing) Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2023
McCollam (Heating & Plumbing) Limited
Company Registration Number: NI007628
ABRIDGED BALANCE SHEET
as at 30 June 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 5,280 7,041
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Current Assets
Stocks 2,250 1,353
Debtors 10,427 14,078
Cash at bank and in hand 52,221 50,088
───────── ─────────
64,898 65,519
───────── ─────────
Creditors: amounts falling due within one year (16,897) (21,587)
───────── ─────────
Net Current Assets 48,001 43,932
───────── ─────────
Total Assets less Current Liabilities 53,281 50,973
 
Creditors:
amounts falling due after more than one year (9,228) (6,960)
───────── ─────────
Net Assets 44,053 44,013
═════════ ═════════
 
Capital and Reserves
Called up share capital 1,000 1,000
Retained earnings 43,053 43,013
───────── ─────────
Shareholders' Funds 44,053 44,013
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 19 January 2024
           
           
________________________________          
Mr. Stephen McCollam          
Director          
           



McCollam (Heating & Plumbing) Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
McCollam (Heating & Plumbing) Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is Lorna Doone, 7 Lylehill Road, Templepatrick, Co. Antrim, BT39 0EN, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Administrative 2 2
  ═════════ ═════════
         
4. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 July 2022 33,973 18,200 52,173
  ───────── ───────── ─────────
 
At 30 June 2023 33,973 18,200 52,173
  ───────── ───────── ─────────
Depreciation
At 1 July 2022 32,050 13,082 45,132
Charge for the financial year 481 1,280 1,761
  ───────── ───────── ─────────
At 30 June 2023 32,531 14,362 46,893
  ───────── ───────── ─────────
Net book value
At 30 June 2023 1,442 3,838 5,280
  ═════════ ═════════ ═════════
At 30 June 2022 1,923 5,118 7,041
  ═════════ ═════════ ═════════
       
5. Details of creditors
 
Security given in respect of creditors
Northern Bank have a Charge on a site at Ballycorr Grove, Ballyclare and a floating charge on all undertakings and property and assets of the company
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 June 2023.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.