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Company Registration No. 12408887 (England and Wales)
G MCL (DEEP DRAINAGE) LTD Unaudited accounts for the year ended 31 August 2023
G MCL (DEEP DRAINAGE) LTD Unaudited accounts Contents
Page
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G MCL (DEEP DRAINAGE) LTD Company Information for the year ended 31 August 2023
Director
Gerard McLoughlin
Company Number
12408887 (England and Wales)
Registered Office
OFFICE 42 IMEX BUSINESS CENTRE OXLEASOW ROAD REDDITCH WORCS B98 0RE UNITED KINGDOM
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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G MCL (DEEP DRAINAGE) LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,268 
16,039 
Current assets
Debtors
193,056 
191,999 
Investments
105,792 
- 
Cash at bank and in hand
22,153 
40,031 
321,001 
232,030 
Creditors: amounts falling due within one year
(143,280)
(108,953)
Net current assets
177,721 
123,077 
Total assets less current liabilities
216,989 
139,116 
Creditors: amounts falling due after more than one year
(5,000)
- 
Net assets
211,989 
139,116 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
211,889 
139,016 
Shareholders' funds
211,989 
139,116 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2024 and were signed on its behalf by
Gerard McLoughlin Director Company Registration No. 12408887
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G MCL (DEEP DRAINAGE) LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
G MCL (DEEP DRAINAGE) LTD is a private company, limited by shares, registered in England and Wales, registration number 12408887. The registered office is OFFICE 42 IMEX BUSINESS CENTRE, OXLEASOW ROAD, REDDITCH, WORCS, B98 0RE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
25% Straight Line Method
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
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G MCL (DEEP DRAINAGE) LTD Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
489 
20,995 
- 
21,484 
Additions
18,590 
13,050 
3,472 
35,112 
At 31 August 2023
19,079 
34,045 
3,472 
56,596 
Depreciation
At 1 September 2022
196 
5,249 
- 
5,445 
Charge for the year
3,816 
7,200 
867 
11,883 
At 31 August 2023
4,012 
12,449 
867 
17,328 
Net book value
At 31 August 2023
15,067 
21,596 
2,605 
39,268 
At 31 August 2022
293 
15,746 
- 
16,039 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,951 
60,634 
Accrued income and prepayments
126,605 
96,865 
Other debtors
34,500 
34,500 
193,056 
191,999 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
105,792 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
22,339 
6,863 
Trade creditors
(7)
53 
Taxes and social security
26,121 
62,948 
Other creditors
311 
- 
Loans from directors
400 
360 
Accruals
94,116 
38,729 
143,280 
108,953 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,000 
- 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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