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
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
G MCL (DEEP DRAINAGE) LTD
Statement of financial position
as at 31 August 2023
Tangible assets
39,268
16,039
Cash at bank and in hand
22,153
40,031
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
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
G MCL (DEEP DRAINAGE) LTD
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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
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
At 31 August 2023
15,067
21,596
2,605
39,268
At 31 August 2022
293
15,746
-
16,039
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
6
Investments held as current assets
2023
2022
Unlisted investments
105,792
-
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
26,121
62,948
Loans from directors
400
360
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).