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REGISTERED NUMBER: 09761075 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

MCGRATH CIVILS LTD

MCGRATH CIVILS LTD (REGISTERED NUMBER: 09761075)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCGRATH CIVILS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mr Sean Michael McGrath





REGISTERED OFFICE: The Maltings
2 Anderson Road
Bearwood
Birmingham
West Midlands
B66 4AR





REGISTERED NUMBER: 09761075 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

MCGRATH CIVILS LTD (REGISTERED NUMBER: 09761075)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,200 8,400
Tangible assets 5 101,420 96,113
108,620 104,513

CURRENT ASSETS
Debtors 6 213,513 161,002
Cash at bank and in hand 550 53,588
214,063 214,590
CREDITORS
Amounts falling due within one year 7 271,750 153,069
NET CURRENT (LIABILITIES)/ASSETS (57,687 ) 61,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,933

166,034

CREDITORS
Amounts falling due after more than one
year

8

(54,320

)

(66,400

)

PROVISIONS FOR LIABILITIES 10 (13,291 ) (10,970 )
NET (LIABILITIES)/ASSETS (16,678 ) 88,664

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,778 ) 88,564
SHAREHOLDERS' FUNDS (16,678 ) 88,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MCGRATH CIVILS LTD (REGISTERED NUMBER: 09761075)

BALANCE SHEET - continued
31 AUGUST 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr Sean Michael McGrath - Director


MCGRATH CIVILS LTD (REGISTERED NUMBER: 09761075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

McGrath Civils Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

MCGRATH CIVILS LTD (REGISTERED NUMBER: 09761075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

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 year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 12,000
AMORTISATION
At 1 September 2022 3,600
Amortisation for year 1,200
At 31 August 2023 4,800
NET BOOK VALUE
At 31 August 2023 7,200
At 31 August 2022 8,400

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 83,671 5,700 63,289 4,614 157,274
Additions 34,071 - - 1,463 35,534
At 31 August 2023 117,742 5,700 63,289 6,077 192,808
DEPRECIATION
At 1 September 2022 28,524 3,420 26,454 2,763 61,161
Charge for year 20,553 1,140 7,367 1,167 30,227
At 31 August 2023 49,077 4,560 33,821 3,930 91,388
NET BOOK VALUE
At 31 August 2023 68,665 1,140 29,468 2,147 101,420
At 31 August 2022 55,147 2,280 36,835 1,851 96,113

MCGRATH CIVILS LTD (REGISTERED NUMBER: 09761075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 166,451 48,912
Other debtors 11,793 63,552
VAT 35,269 48,538
213,513 161,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts (see note 9) 9,822 9,788
Hire purchase contracts 12,530 12,530
Trade creditors 53,622 56,053
Tax 75,118 70,522
Other creditors (410 ) -
Directors' current accounts 116,879 311
Accrued expenses 4,189 3,865
271,750 153,069

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 9) 29,161 29,097
Hire purchase contracts 25,159 37,303
54,320 66,400

9. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 34 -
Bank loans 9,788 9,788
9,822 9,788

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,035 10,035

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,126 19,062

MCGRATH CIVILS LTD (REGISTERED NUMBER: 09761075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


10. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 13,291 10,970

Deferred
tax
£   
Balance at 1 September 2022 10,970
Provided during year 2,321
Accelerated capital allowance
Balance at 31 August 2023 13,291