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REGISTERED NUMBER: 01165109 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

H. MCINTYRE & SONS LIMITED

H. MCINTYRE & SONS LIMITED (REGISTERED NUMBER: 01165109)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H. MCINTYRE & SONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2023







DIRECTOR: Mr S J McIntyre





SECRETARY: Mrs A M Rowe





REGISTERED OFFICE: Unit N
Cradock Road
LUTON
Bedfordshire
LU4 0JF





REGISTERED NUMBER: 01165109 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

H. MCINTYRE & SONS LIMITED (REGISTERED NUMBER: 01165109)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 527,216 526,532

CURRENT ASSETS
Stocks 27,000 27,000
Debtors 5 118,477 134,903
Cash at bank 272,571 235,166
418,048 397,069
CREDITORS
Amounts falling due within one year 6 270,897 259,601
NET CURRENT ASSETS 147,151 137,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,367

664,000

CREDITORS
Amounts falling due after more than one
year

7

(59,687

)

(73,497

)

PROVISIONS FOR LIABILITIES 9 (2,310 ) -
NET ASSETS 612,370 590,503

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 612,270 590,403
SHAREHOLDERS' FUNDS 612,370 590,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

H. MCINTYRE & SONS LIMITED (REGISTERED NUMBER: 01165109)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 6 March 2024 and were signed by:





Mr S J McIntyre - Director


H. MCINTYRE & SONS LIMITED (REGISTERED NUMBER: 01165109)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023

1. STATUTORY INFORMATION

H. McIntyre & Sons 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.

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.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

The freehold property is being depreciated to its estimated residual value over its deemed useful economic life. The director believes that the residual value to be at least the current carrying value in these accounts and therefore any depreciation would be negligible. The maintenance costs are charged to the profit and loss account in the year incurred. The director reviews the estimated residual value at the end of each accounting period.

Fixtures and fittings, motor vehicles and computer equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
The gain or loss arising on disposal of an asset is determined at the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.


H. MCINTYRE & SONS LIMITED (REGISTERED NUMBER: 01165109)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
Government grant income received in the form of coronavirus job retention scheme payments are recognised on the profit or loss under other income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 July 2022 515,060 3,050 876
Additions - - -
At 30 June 2023 515,060 3,050 876
DEPRECIATION
At 1 July 2022 - 2,422 852
Charge for year - 63 4
At 30 June 2023 - 2,485 856
NET BOOK VALUE
At 30 June 2023 515,060 565 20
At 30 June 2022 515,060 628 24

H. MCINTYRE & SONS LIMITED (REGISTERED NUMBER: 01165109)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 35,386 10,683 565,055
Additions - 3,655 3,655
At 30 June 2023 35,386 14,338 568,710
DEPRECIATION
At 1 July 2022 25,464 9,785 38,523
Charge for year 2,481 423 2,971
At 30 June 2023 27,945 10,208 41,494
NET BOOK VALUE
At 30 June 2023 7,441 4,130 527,216
At 30 June 2022 9,922 898 526,532

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 116,038 132,686
Prepayments and accrued income 2,439 2,217
118,477 134,903

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,081 22,753
Trade creditors 163,799 138,570
Corporation tax 7,481 22,748
Taxation and social security 8,449 6,895
VAT 23,524 20,233
Other creditors 43,170 42,907
Director's loan account 258 1,480
Accrued expenses 4,135 4,015
270,897 259,601

The other creditor balance is held with Robert McIntyre who is a 3% shareholder.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 2 - 5 years 59,687 73,497

H. MCINTYRE & SONS LIMITED (REGISTERED NUMBER: 01165109)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 79,768 96,250

The bank hold a fixed and floating charge over the assets of the company.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Capital allowances 2,310 -

Deferred
tax
£   
Capital allowances 2,310
Balance at 30 June 2023 2,310

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S J McIntyre.