2023-07-012024-06-302024-06-30false06626645PAUL MCALLEN & CO LIMITED2024-08-0566190iso4217:GBPxbrli:pure066266452023-07-01066266452024-06-30066266452023-07-012024-06-30066266452022-07-01066266452023-06-30066266452022-07-012023-06-3006626645bus:SmallEntities2023-07-012024-06-3006626645bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3006626645bus:FullAccounts2023-07-012024-06-3006626645bus:PrivateLimitedCompanyLtd2023-07-012024-06-3006626645core:WithinOneYear2024-06-3006626645core:AfterOneYear2024-06-3006626645core:WithinOneYear2023-06-3006626645core:AfterOneYear2023-06-3006626645core:ShareCapital2024-06-3006626645core:SharePremium2024-06-3006626645core:RevaluationReserve2024-06-3006626645core:OtherReservesSubtotal2024-06-3006626645core:RetainedEarningsAccumulatedLosses2024-06-3006626645core:ShareCapital2023-06-3006626645core:SharePremium2023-06-3006626645core:RevaluationReserve2023-06-3006626645core:OtherReservesSubtotal2023-06-3006626645core:RetainedEarningsAccumulatedLosses2023-06-3006626645core:LandBuildings2024-06-3006626645core:PlantMachinery2024-06-3006626645core:Vehicles2024-06-3006626645core:FurnitureFittings2024-06-3006626645core:OfficeEquipment2024-06-3006626645core:NetGoodwill2024-06-3006626645core:IntangibleAssetsOtherThanGoodwill2024-06-3006626645core:ListedExchangeTraded2024-06-3006626645core:UnlistedNon-exchangeTraded2024-06-3006626645core:LandBuildings2023-06-3006626645core:PlantMachinery2023-06-3006626645core:Vehicles2023-06-3006626645core:FurnitureFittings2023-06-3006626645core:OfficeEquipment2023-06-3006626645core:NetGoodwill2023-06-3006626645core:IntangibleAssetsOtherThanGoodwill2023-06-3006626645core:ListedExchangeTraded2023-06-3006626645core:UnlistedNon-exchangeTraded2023-06-3006626645core:LandBuildings2023-07-012024-06-3006626645core:PlantMachinery2023-07-012024-06-3006626645core:Vehicles2023-07-012024-06-3006626645core:FurnitureFittings2023-07-012024-06-3006626645core:OfficeEquipment2023-07-012024-06-3006626645core:NetGoodwill2023-07-012024-06-3006626645core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3006626645core:ListedExchangeTraded2023-07-012024-06-3006626645core:UnlistedNon-exchangeTraded2023-07-012024-06-3006626645core:MoreThanFiveYears2023-07-012024-06-3006626645core:Non-currentFinancialInstruments2024-06-3006626645core:Non-currentFinancialInstruments2023-06-3006626645dpl:CostSales2023-07-012024-06-3006626645dpl:DistributionCosts2023-07-012024-06-3006626645core:LandBuildings2023-07-012024-06-3006626645core:PlantMachinery2023-07-012024-06-3006626645core:Vehicles2023-07-012024-06-3006626645core:FurnitureFittings2023-07-012024-06-3006626645core:OfficeEquipment2023-07-012024-06-3006626645dpl:AdministrativeExpenses2023-07-012024-06-3006626645core:NetGoodwill2023-07-012024-06-3006626645core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3006626645dpl:GroupUndertakings2023-07-012024-06-3006626645dpl:ParticipatingInterests2023-07-012024-06-3006626645dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3006626645core:ListedExchangeTraded2023-07-012024-06-3006626645dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3006626645core:UnlistedNon-exchangeTraded2023-07-012024-06-3006626645dpl:CostSales2022-07-012023-06-3006626645dpl:DistributionCosts2022-07-012023-06-3006626645core:LandBuildings2022-07-012023-06-3006626645core:PlantMachinery2022-07-012023-06-3006626645core:Vehicles2022-07-012023-06-3006626645core:FurnitureFittings2022-07-012023-06-3006626645core:OfficeEquipment2022-07-012023-06-3006626645dpl:AdministrativeExpenses2022-07-012023-06-3006626645core:NetGoodwill2022-07-012023-06-3006626645core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3006626645dpl:GroupUndertakings2022-07-012023-06-3006626645dpl:ParticipatingInterests2022-07-012023-06-3006626645dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3006626645core:ListedExchangeTraded2022-07-012023-06-3006626645dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3006626645core:UnlistedNon-exchangeTraded2022-07-012023-06-3006626645core:NetGoodwill2024-06-3006626645core:IntangibleAssetsOtherThanGoodwill2024-06-3006626645core:LandBuildings2024-06-3006626645core:PlantMachinery2024-06-3006626645core:Vehicles2024-06-3006626645core:FurnitureFittings2024-06-3006626645core:OfficeEquipment2024-06-3006626645core:AfterOneYear2024-06-3006626645core:WithinOneYear2024-06-3006626645core:ListedExchangeTraded2024-06-3006626645core:UnlistedNon-exchangeTraded2024-06-3006626645core:ShareCapital2024-06-3006626645core:SharePremium2024-06-3006626645core:RevaluationReserve2024-06-3006626645core:OtherReservesSubtotal2024-06-3006626645core:RetainedEarningsAccumulatedLosses2024-06-3006626645core:NetGoodwill2023-06-3006626645core:IntangibleAssetsOtherThanGoodwill2023-06-3006626645core:LandBuildings2023-06-3006626645core:PlantMachinery2023-06-3006626645core:Vehicles2023-06-3006626645core:FurnitureFittings2023-06-3006626645core:OfficeEquipment2023-06-3006626645core:AfterOneYear2023-06-3006626645core:WithinOneYear2023-06-3006626645core:Liste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PAUL MCALLEN & CO LIMITED

Registered Number
06626645
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

PAUL MCALLEN & CO LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

DEMPSEY, Hannah Jane
DRAKE, Rachel Faye
MCALLEN, Paul

Company Secretary

DEMPSEY, Hannah Jane

Registered Address

Cranham House 136 High Street
Amblecote
Stourbridge
DY8 4BU

Registered Number

06626645 (England and Wales)
PAUL MCALLEN & CO LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets44,3895,860
4,3895,860
Current assets
Debtors5805,843946,323
Cash at bank and on hand94,66026,034
900,503972,357
Creditors amounts falling due within one year6(416,958)(327,462)
Net current assets (liabilities)483,545644,895
Total assets less current liabilities487,934650,755
Creditors amounts falling due after one year7(227,614)(338,023)
Provisions for liabilities8(1,097)(1,465)
Net assets259,223311,267
Capital and reserves
Called up share capital100100
Profit and loss account259,123311,167
Shareholders' funds259,223311,267
The financial statements were approved and authorised for issue by the Board of Directors on 5 August 2024, and are signed on its behalf by:
MCALLEN, Paul
Director
Registered Company No. 06626645
PAUL MCALLEN & CO LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees
All employees were made redundant on 30 April 2024

20242023
Average number of employees during the year1825
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 2354,07754,077
At 30 June 2454,07754,077
Depreciation and impairment
At 01 July 2348,21748,217
Charge for year1,4711,471
At 30 June 2449,68849,688
Net book value
At 30 June 244,3894,389
At 30 June 235,8605,860
5.Debtors: amounts due within one year

2024

2023

££
Other debtors802,587945,789
Prepayments and accrued income3,256534
Total805,843946,323
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,09545
Bank borrowings and overdrafts2,6284,968
Taxation and social security228,796166,707
Other creditors168,998147,253
Accrued liabilities and deferred income9,4418,489
Total416,958327,462
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts38,11235,772
Other creditors189,502302,251
Total227,614338,023
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,0971,465
Total1,0971,465
9.Directors advances, credits and guarantees
10.Off-balance sheet arrangements
At 30 Jun 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £14,267 (2023: £38,990)