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REGISTERED NUMBER: 08178314 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

MCCURRY DEVELOPMENTS LIMITED

MCCURRY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08178314)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCCURRY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: S D McCurry
T S McCurry





REGISTERED OFFICE: 27 - 29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 08178314 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

MCCURRY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08178314)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,094 46,788

CURRENT ASSETS
Stocks 316,843 542,829
Debtors 5 95,240 26,521
Cash at bank 207,037 55,273
619,120 624,623
CREDITORS
Amounts falling due within one year 6 615,698 567,102
NET CURRENT ASSETS 3,422 57,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,516

104,309

CREDITORS
Amounts falling due after more than one
year

7

(20,000

)

(34,261

)

PROVISIONS FOR LIABILITIES (5,900 ) (10,300 )
NET ASSETS 12,616 59,748

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,615 59,747
SHAREHOLDERS' FUNDS 12,616 59,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

MCCURRY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08178314)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





S D McCurry - Director


MCCURRY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08178314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

McCurry Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors believe that the company is well placed to manage its financial risks successfully and has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MCCURRY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08178314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 50 58,732 26,793 85,575
DEPRECIATION
At 1 June 2022 20 25,790 12,977 38,787
Charge for year 5 8,235 3,454 11,694
At 31 May 2023 25 34,025 16,431 50,481
NET BOOK VALUE
At 31 May 2023 25 24,707 10,362 35,094
At 31 May 2022 30 32,942 13,816 46,788

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 32,000 26,793 58,793
Transfer to ownership (32,000 ) - (32,000 )
At 31 May 2023 - 26,793 26,793
DEPRECIATION
At 1 June 2022 15,500 12,978 28,478
Charge for year - 3,454 3,454
Transfer to ownership (15,500 ) - (15,500 )
At 31 May 2023 - 16,432 16,432
NET BOOK VALUE
At 31 May 2023 - 10,361 10,361
At 31 May 2022 16,500 13,815 30,315

MCCURRY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08178314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 95,240 26,521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 4,261 10,924
Payments on account - 289,851
Trade creditors 5,866 28,872
Taxation and social security 6,453 5,917
Other creditors 589,118 221,538
615,698 567,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,000 30,000
Hire purchase contracts - 4,261
20,000 34,261

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Other loans 298,390 144,601
Hire purchase contracts 4,261 15,185
302,651 159,786

The loan is secured by a fixed charge over freehold land owned by the company which is being carried in stock.

The obligations under hire purchase agreements are secured over the assets to which they relate.

MCCURRY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08178314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
T S McCurry
Balance outstanding at start of year - -
Amounts advanced 34,098 19,911
Amounts repaid (19,476 ) (19,911 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,622 -

Interest was charged on overdrawn directors loan account balances in excess of £10,000 at 2.00% until 5 April 2023 and 2.25% there after.