Registered number
13723445
McCormick AML Consulting Ltd
Unaudited Filleted Accounts
30 November 2023
McCormick AML Consulting Ltd
Registered number: 13723445
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 325 767
Current assets
Debtors 4 571 -
Cash at bank and in hand 327 33,921
898 33,921
Creditors: amounts falling due within one year 5 (648) (12,282)
Net current assets 250 21,639
Total assets less current liabilities 575 22,406
Provisions for liabilities (61) (146)
Net assets 514 22,260
Capital and reserves
Called up share capital 1 1
Profit and loss account 513 22,259
Shareholder's funds 514 22,260
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S. McCormick
Director
Approved by the board on 19 August 2024
McCormick AML Consulting Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover from the rendering of services is recognised by reference to the work done.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 1,303
Additions 140
At 30 November 2023 1,443
Depreciation
At 1 December 2022 536
Charge for the year 582
At 30 November 2023 1,118
Net book value
At 30 November 2023 325
At 30 November 2022 767
4 Debtors 2023 2022
£ £
Other debtors 571 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 11,501
Other creditors 648 781
648 12,282
6 Other information
McCormick AML Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 4a
Woodcote Hall
Epsom
Surrey
KT18 7QQ
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