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REGISTERED NUMBER: SC611612 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MCHUGH SOLUTIONS LTD

MCHUGH SOLUTIONS LTD (REGISTERED NUMBER: SC611612)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


MCHUGH SOLUTIONS LTD (REGISTERED NUMBER: SC611612)

ABRIDGED BALANCE SHEET
31 October 2023

31.10.23 31.10.22
£    £   
CURRENT ASSETS
Stocks 104,650 51,150
Debtors 100,035 148,343
Cash at bank and in hand 1,569 2,405
206,254 201,898
CREDITORS
Amounts falling due within one year 189,173 176,511
NET CURRENT ASSETS 17,081 25,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,081

25,387

CREDITORS
Amounts falling due after more than one
year

15,166

25,174
NET ASSETS 1,915 213

CAPITAL AND RESERVES
Called up share capital 16 16
Retained earnings 1,899 197
1,915 213

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.

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 Income Statement has not been delivered.

MCHUGH SOLUTIONS LTD (REGISTERED NUMBER: SC611612)

ABRIDGED BALANCE SHEET - continued
31 October 2023



The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





C McHugh - Director


MCHUGH SOLUTIONS LTD (REGISTERED NUMBER: SC611612)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Mchugh Solutions Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC611612

Registered office: 22 Backbrae Street Kilsyth
Glasgow
United Kingdom
Lanarkshire
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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 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.

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 18 (2022 - 16 ) .