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REGISTERED NUMBER: 12836477 (England and Wales)















Unaudited Financial Statements

for the Period 1st September 2023 to 31st March 2024

for

MCGUIGAN COMMODITY GROUP LIMITED

MCGUIGAN COMMODITY GROUP LIMITED (REGISTERED NUMBER: 12836477)






Contents of the Financial Statements
for the Period 1st September 2023 to 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCGUIGAN COMMODITY GROUP LIMITED

Company Information
for the Period 1st September 2023 to 31st March 2024







DIRECTORS: S P McGuigan
A S Homer





REGISTERED OFFICE: Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 12836477 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

MCGUIGAN COMMODITY GROUP LIMITED (REGISTERED NUMBER: 12836477)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,508 18,277

CURRENT ASSETS
Stocks 218,900 27,793
Debtors 5 172,310 43,784
Cash at bank and in hand 46,033 37,737
437,243 109,314
CREDITORS
Amounts falling due within one year 6 342,096 110,146
NET CURRENT ASSETS/(LIABILITIES) 95,147 (832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,655

17,445

PROVISIONS FOR LIABILITIES 3,327 3,473
NET ASSETS 109,328 13,972

CAPITAL AND RESERVES
Called up share capital 3,800 3,800
Retained earnings 105,528 10,172
SHAREHOLDERS' FUNDS 109,328 13,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 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.

MCGUIGAN COMMODITY GROUP LIMITED (REGISTERED NUMBER: 12836477)

Balance Sheet - continued
31st March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th August 2024 and were signed on its behalf by:





S P McGuigan - Director


MCGUIGAN COMMODITY GROUP LIMITED (REGISTERED NUMBER: 12836477)

Notes to the Financial Statements
for the Period 1st September 2023 to 31st March 2024

1. STATUTORY INFORMATION

MCGUIGAN COMMODITY GROUP LIMITED is a private company, limited by shares , registered in England and Wales. 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 - 25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 7 ) .

MCGUIGAN COMMODITY GROUP LIMITED (REGISTERED NUMBER: 12836477)

Notes to the Financial Statements - continued
for the Period 1st September 2023 to 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023 42,734
Additions 2,214
At 31st March 2024 44,948
DEPRECIATION
At 1st September 2023 24,457
Charge for period 2,983
At 31st March 2024 27,440
NET BOOK VALUE
At 31st March 2024 17,508
At 31st August 2023 18,277

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,214 (117 )
Other debtors 131,096 43,901
172,310 43,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 87
Trade creditors 1,838 1,897
Taxation and social security 115,713 24,921
Other creditors 224,545 83,241
342,096 110,146

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st March 2024 and the year ended 31st August 2023:

2024 2023
£    £   
S P McGuigan
Balance outstanding at start of period 3,055 3,093
Amounts advanced 96,924 52,162
Amounts repaid (11,443 ) (52,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 88,536 3,055

MCGUIGAN COMMODITY GROUP LIMITED (REGISTERED NUMBER: 12836477)

Notes to the Financial Statements - continued
for the Period 1st September 2023 to 31st March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A S Homer
Balance outstanding at start of period 5,624 5,624
Amounts advanced 32,318 -
Amounts repaid (9,965 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 27,977 5,624

8. ULTIMATE CONTROLLING PARTY

The controlling party is S P McGuigan.