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REGISTERED NUMBER: NI046306 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

MCAULEY BOTANIC LIMITED

MCAULEY BOTANIC LIMITED (REGISTERED NUMBER: NI046306)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCAULEY BOTANIC LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr N J McAuley
Mrs A McAuley



SECRETARY: Mr N J McAuley



REGISTERED OFFICE: 26 Bannagh Corner
Belfast
BT6 0EJ



REGISTERED NUMBER: NI046306 (Northern Ireland)



ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH



BANKERS: Ulster Bank Ltd

MCAULEY BOTANIC LIMITED (REGISTERED NUMBER: NI046306)

Balance Sheet
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £   
CURRENT ASSETS
Debtors 4 266,664 565,862
Cash at bank 13,991 319,305
280,655 885,167
CREDITORS
Amounts falling due within one year 5 15,477 268,049
NET CURRENT ASSETS 265,178 617,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,178

617,118

CREDITORS
Amounts falling due after more than one
year

6

16,211

-
NET ASSETS 248,967 617,118

CAPITAL AND RESERVES
Called up share capital 101 2
Retained earnings 248,866 617,116
248,967 617,118

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 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.

MCAULEY BOTANIC LIMITED (REGISTERED NUMBER: NI046306)

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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr N J McAuley - Director


MCAULEY BOTANIC LIMITED (REGISTERED NUMBER: NI046306)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

McAuley Botanic 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

MCAULEY BOTANIC LIMITED (REGISTERED NUMBER: NI046306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 30 ).

4. DEBTORS
31/10/23 31/10/22
£    £   
Amounts falling due within one year:
Trade debtors - 165,862
Other debtors 133,332 400,000
133,332 565,862

Amounts falling due after more than one year:
Other debtors 133,332 -

Aggregate amounts 266,664 565,862

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 1,097 103,821
Taxation and social security 762 123,536
Other creditors 13,618 40,692
15,477 268,049

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Other creditors 16,211 -

MCAULEY BOTANIC LIMITED (REGISTERED NUMBER: NI046306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/10/23 31/10/22
£    £   
Mr N J McAuley
Balance outstanding at start of year (1,216 ) 335,484
Amounts advanced 358,887 387,040
Amounts repaid (358,000 ) (723,740 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (329 ) (1,216 )