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REGISTERED NUMBER: NI056124 (Northern Ireland)











McLoughlin Plant & Engineering Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






McLoughlin Plant & Engineering Limited (Registered number: NI056124)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


McLoughlin Plant & Engineering Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A McLoughlin





REGISTERED OFFICE: 37 Mullahead Road
Tandragee
Craigavon
BT62 2LA





REGISTERED NUMBER: NI056124 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

McLoughlin Plant & Engineering Limited

Report of the Accountants to the Director of
McLoughlin Plant & Engineering Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


29 July 2024

McLoughlin Plant & Engineering Limited (Registered number: NI056124)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,296 5,370

CURRENT ASSETS
Stocks 1,745 3,200
Debtors 5 712,755 715,370
Cash at bank 333 9,241
714,833 727,811
CREDITORS
Amounts falling due within one year 6 268,713 262,198
NET CURRENT ASSETS 446,120 465,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,416

470,983

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 450,414 470,981
SHAREHOLDERS' FUNDS 450,416 470,983

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

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

McLoughlin Plant & Engineering Limited (Registered number: NI056124)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





A McLoughlin - Director


McLoughlin Plant & Engineering Limited (Registered number: NI056124)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

McLoughlin Plant & Engineering Limited is a private company, limited by shares , registered in Northern Ireland. 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 etc - 20% 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 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.

McLoughlin Plant & Engineering Limited (Registered number: NI056124)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 5 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2022
and 31 October 2023 6,713
DEPRECIATION
At 1 November 2022 1,343
Charge for year 1,074
At 31 October 2023 2,417
NET BOOK VALUE
At 31 October 2023 4,296
At 31 October 2022 5,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,108 48,723
Other debtors 666,647 666,647
712,755 715,370

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,353 44,769
Trade creditors 11,781 11,218
Taxation and social security 20,295 25,793
Other creditors 196,284 180,418
268,713 262,198