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REGISTERED NUMBER: NI641383 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

KIRK MCDERMOTT CONSULTING LIMITED

KIRK MCDERMOTT CONSULTING LIMITED (REGISTERED NUMBER: NI641383)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KIRK MCDERMOTT CONSULTING LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: K McDermott



REGISTERED OFFICE: 5 Portaferry Road
Cloughey
Newtownards
Co. Down
BT22 1HP



REGISTERED NUMBER: NI641383 (Northern Ireland)



ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS



BANKERS: Danske Bank
Donegall Square West
BELFAST
Co.Antrim
BT1 6JS

KIRK MCDERMOTT CONSULTING LIMITED (REGISTERED NUMBER: NI641383)

Abridged Balance Sheet
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,762 2,251

CURRENT ASSETS
Stocks 2,925 2,000
Debtors 69,812 71,537
Cash at bank 107,588 85,983
180,325 159,520
CREDITORS
Amounts falling due within one year 34,249 32,986
NET CURRENT ASSETS 146,076 126,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,838

128,785

PROVISIONS FOR LIABILITIES 690 562
NET ASSETS 148,148 128,223

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 148,147 128,222
148,148 128,223

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.

KIRK MCDERMOTT CONSULTING LIMITED (REGISTERED NUMBER: NI641383)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





K McDermott - Director


KIRK MCDERMOTT CONSULTING LIMITED (REGISTERED NUMBER: NI641383)

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


1. STATUTORY INFORMATION

Kirk McDermott Consulting 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 cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 3 (2022 - 3 ) .

KIRK MCDERMOTT CONSULTING LIMITED (REGISTERED NUMBER: NI641383)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 6,636
Additions 1,822
At 31 October 2023 8,458
DEPRECIATION
At 1 November 2022 4,385
Charge for year 1,311
At 31 October 2023 5,696
NET BOOK VALUE
At 31 October 2023 2,762
At 31 October 2022 2,251

5. DIRECTOR'S 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
£    £   
K McDermott
Balance outstanding at start of year 39,104 18,404
Amounts advanced 45,287 39,104
Amounts repaid (39,104 ) (18,404 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,287 39,104