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Maguire Contractors Limited
 
 
Company Registration Number
04474297
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/08/2022
 
End date 31/07/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Maguire Contractors Limited
 
Contents of the Financial Statements
for the Period Ended 31 July 2023
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Maguire Contractors Limited
 
Company Information
for the Period Ended 31 July 2023
 
Directors D J Maguire
Mrs A Maguire
 
Company secretary B R Pusser
 
Registered office 24 Downsview
Chatham
Kent
ME5 0AP
 
Company Registration Number 04474297
 
Accountants Name B R Pusser & Co Ltd
Address 24 Downsview
Chatham
Kent
ME5 0AP
 
Bankers Name Nat West
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Maguire Contractors Limited
Directors Report
for the Period Ended 31 July 2023
The directors present their report with the financial statements of the company for the
period ended 31 July 2023
Principal activities
The principal activity of the company in the period under review was
ground works
Directors
The director(s) shown below have held office during the whole of the period
D J Maguire
Mrs A Maguire
Company policy on the employment of disabled persons
It is the companys policy to give employment to disabled persons wherever practicable.
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2024-03-13
and signed on behalf of the board by
Name D J Maguire
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Maguire Contractors Limited
 
Accountants' Report
for the Period Ended 31 July 2023
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 July 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 July 2023 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
B R Pusser & Co Ltd
24 Downsview
Chatham
Kent
ME5 0AP
 
Date 2024-03-13
Page 5
Maguire Contractors Limited
 
Profit and Loss Account
for the Period Ended 31 July 2023
2023 2022
Notes £ £
 
Turnover 2 924,373 700,576
Cost of sales 776,359 481,204
______ ______
Gross Profit/(Loss) 148,014 219,372
 
Administrative expenses 34,920 30,428
______ ______
Operating costs 34,920 30,428
 
______ ______
Operating Profit/(Loss) 3 113,094 188,944
______ ______
Profit/(Loss) on ordinary activities before taxation 113,094 188,944
 
Tax on profit on ordinary activities 6 23,073 35,900
_____ ______
Profit/(Loss) for the financial period after taxation 90,021 153,044
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 July 2023
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
Page 6
Maguire Contractors Limited
Balance Sheet
for the Period Ended 31 July 2023
Company registration number 04474297
2023 2022
Notes £ £
Fixed assets
Tangible fixed assets 8 43 43
_______ _______
Total fixed assets 43 43
Current assets
Debtors 9 80,230 17,513
Cash at bank and in hand 366,423 373,353
_______ _______
Total current assets/(liabilities) 446,653 390,866
Creditors
Creditors - amounts falling
due within one year 10 132,627 85,861
_______ _______
Net current assets 314,026 305,005
_______ _______
Total assets less current liabilities 314,069 305,048
_______ _______
Creditors - amounts falling
Net assets/(liabilities) 314,069 305,048
Capital and reserves
Called up share capital 12 2 2
Profit and loss account 13 314,067 305,046
______ ______
Total shareholders funds 314,069 305,048
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Maguire Contractors Limited
 
Balance Sheet
for the Period Ended 31 July 2023
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 July 2023 the company was entitled to exemption 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.
 
The financial statements were approved by the Board of Directors on 2024-03-13
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name D J Maguire
 
The notes form part of these financial statements
Average number of employees during period 6
 
 
 
 
 
 
 
 
 
Page 8
Maguire Contractors Limited
Notes to the Financial Statements
for the Period Ended 31 July 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Maguire Contractors Limited
Notes to the Financial Statements
for the Period Ended 31 July 2023
2. Turnover 2023 2022
£ £
United Kingdom 914,373 700,576
Other 10,000
______ ______
Total 924,373 700,576
3. Operating profit/(loss) 2023 2022
Profit before tax as stated after charging the following £ £
Depreciation - owned assets 255,233 53,742
Accountants and audit fees 2,500 2,250
4. Directors' remuneration 2023 2022
£ £
Directors remuneration 24,000 18,960
Value of directors pension contributions
_____ _____
Total 24,000 18,960
The number of Directors accruing pension benefits was
5. Employees 2023 2022
£ £
Wages and salaries 266,866 109,599
Pension costs 8,072 8,032
______ ______
Total staff costs 274,938 117,631
6. Taxation
The tax charge on the profit on ordinary activities 2023 2022
for the period was as follows £ £
UK Corporation Tax net of reliefs 23,073 35,900
_____ _____
Tax on profit on ordinary activities 23,073 35,900
7. Dividends 2023 2022
£ £
Dividend on ordinary shares paid in period 81,000 44,603
 
 
 
 
 
 
 
 
 
Page 10
Maguire Contractors Limited
Notes to the Financial Statements
for the Period Ended 31 July 2023
8. Tangible fixed assets
Plant and Motor Total
machinery vehicles
Cost £ £ £
At 1 August 2022 271,120 199,523 470,643
Additions 157,675 157,675
Disposals 38,500 38,500
______ ______ ______
At 31 July 2023 390,295 199,523 589,818
Depreciation
At 1 August 2022 271,077 199,523 470,600
Charge for year 119,175 119,175
______ ______ ______
At 31 July 2023 390,252 199,523 589,775
Net book value
At 31 July 2023 43 0 43
At 31 July 2022 43 0 43
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
Maguire Contractors Limited
Notes to the Financial Statements
for the Period Ended 31 July 2023
9. Debtors 2023 2022
Trade debtors 80,230 17,513
_____ _____
Total 80,230 17,513
10. Creditors amounts falling due within one year 2023 2022
Trade creditors 109,554 49,961
Corporation tax 23,073 35,900
______ _____
Total 132,627 85,861
11. Creditors amounts falling due after more than one year 2023 2022
_ _
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
Maguire Contractors Limited
Notes to the Financial Statements
for the Period Ended 31 July 2023
12. Share capital 2023 2022
Authorised type Par value £ £
Ordinary 1 2 2
_ _
Total 2 2
Allotted, called up and paid £ £
Ordinary 2 2
_ _
Total 2 2
13. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 August 2022 305,046
Profit/(Loss) for year 90,021
Dividends paid 81,000
______
Retained Profit/(Loss) at 31 July 2023 314,067
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13