Company Registration No. SC431747 (Scotland)
Mary McDevitt Limited
Unaudited accounts
for the year ended 30 September 2023
Mary McDevitt Limited
Unaudited accounts
Contents
Mary McDevitt Limited
Company Information
for the year ended 30 September 2023
Directors
Mary McDevitt
John McDevitt
Company Number
SC431747 (Scotland)
Registered Office
Room 31, Haypark Business Centre
Marchmont Avenue
Polmont
Falkirk
FK2 0NZ
Accountants
Armet Accounting Ltd
Room 31
Haypark Business Centre
Polmont
FK2 0NZ
Mary McDevitt Limited
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
17,074
23,215
Creditors: amounts falling due within one year
(10,949)
(7,047)
Net current assets
9,876
18,211
Total assets less current liabilities
14,442
18,452
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
14,328
18,306
Shareholders' funds
14,428
18,406
For the year ending 30 September 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2023 and were signed on its behalf by
Mary McDevitt
Director
Company Registration No. SC431747
Mary McDevitt Limited
Notes to the Accounts
for the year ended 30 September 2023
Mary McDevitt Limited is a private company, limited by shares, registered in Scotland, registration number SC431747. The registered office is Room 31, Haypark Business Centre, Marchmont Avenue, Polmont, Falkirk, FK2 0NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 Years straight line
Computer equipment
5 Years Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Mary McDevitt Limited
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
-
1,352
1,352
At 30 September 2023
4,905
1,352
6,257
At 1 October 2022
-
1,111
1,111
Charge for the year
409
171
580
At 30 September 2023
409
1,282
1,691
At 30 September 2023
4,496
70
4,566
At 30 September 2022
-
241
241
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,864
2,679
Loans from directors
4,535
4,314
As at 30 September 2023 the company owes £4,535 (2022 - £4,314) to the sole director Mrs Mary McDevitt . This loan is interest free and has no fixed terms of repayment.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).