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REGISTERED NUMBER: 04162594 (England and Wales)















Financial Statements For The Year Ended 31 March 2024

for

McGee Technical Services Limited

McGee Technical Services Limited (Registered number: 04162594)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


McGee Technical Services Limited

Company Information
For The Year Ended 31 March 2024







DIRECTOR: Mr N P McGee





SECRETARY: Mrs W McGee





REGISTERED OFFICE: Dene Hurst
59 The Delves
Swanwick
Alfreton
Derbyshire
DE55 1AR





REGISTERED NUMBER: 04162594 (England and Wales)





ACCOUNTANTS: Pedley & Co.
82 Nottingham Road
Somercotes
Alfreton
Derbyshire
DE55 4LY

McGee Technical Services Limited (Registered number: 04162594)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,664 8,703

CURRENT ASSETS
Debtors 5 5,652 6,835
Cash at bank 2,303 8,947
7,955 15,782
CREDITORS
Amounts falling due within one year 6 8,491 8,247
NET CURRENT (LIABILITIES)/ASSETS (536 ) 7,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,128

16,238

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8,126 16,236
SHAREHOLDERS' FUNDS 8,128 16,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2024 and were signed by:





Mr N P McGee - Director


McGee Technical Services Limited (Registered number: 04162594)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

McGee Technical Services 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.

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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

McGee Technical Services Limited (Registered number: 04162594)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 9,488 12,773 7,941 30,202
Additions - - 1,000 1,000
At 31 March 2024 9,488 12,773 8,941 31,202
DEPRECIATION
At 1 April 2023 6,377 10,947 4,175 21,499
Charge for year 311 183 545 1,039
At 31 March 2024 6,688 11,130 4,720 22,538
NET BOOK VALUE
At 31 March 2024 2,800 1,643 4,221 8,664
At 31 March 2023 3,111 1,826 3,766 8,703

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,652 6,835

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,798 474
Trade creditors 710 680
Taxation and social security 4,272 6,548
Other creditors 711 545
8,491 8,247