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REGISTERED NUMBER: NI057600 (Northern Ireland)











R. McCabe Services Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






R. McCabe Services Ltd (Registered number: NI057600)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


R. McCabe Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R McCabe





SECRETARY: Mrs P Mc Cabe





REGISTERED OFFICE: Mournview House
58 Kilkinamurray Road
Castlewellan
Co. Down
BT31 9QS





REGISTERED NUMBER: NI057600 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

R. McCabe Services Ltd

Report of the Accountants to the Director of
R. McCabe Services Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


5 September 2024

R. McCabe Services Ltd (Registered number: NI057600)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 50,457 61,351
Investment property 6 52,035 52,035
102,492 113,386

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 7 357,119 283,717
Cash at bank 166,937 123,562
527,056 410,279
CREDITORS
Amounts falling due within one year 8 122,308 46,997
NET CURRENT ASSETS 404,748 363,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,240

476,668

CREDITORS
Amounts falling due after more than
one year

9

-

(35,670

)

PROVISIONS FOR LIABILITIES (9,210 ) (11,280 )
NET ASSETS 498,030 429,718

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 498,026 429,714
SHAREHOLDERS' FUNDS 498,030 429,718

R. McCabe Services Ltd (Registered number: NI057600)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 5 September 2024 and were signed by:





R McCabe - Director


R. McCabe Services Ltd (Registered number: NI057600)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

R. McCabe Services Ltd is a private company, limited by shares , registered in Northern Ireland. 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 2005, is being amortised evenly over its estimated useful life of five 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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


R. McCabe Services Ltd (Registered number: NI057600)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

R. McCabe Services Ltd (Registered number: NI057600)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 159,238 7,546 166,784
Additions 1,720 - 1,720
At 31 December 2023 160,958 7,546 168,504
DEPRECIATION
At 1 January 2023 101,232 4,201 105,433
Charge for year 11,945 669 12,614
At 31 December 2023 113,177 4,870 118,047
NET BOOK VALUE
At 31 December 2023 47,781 2,676 50,457
At 31 December 2022 58,006 3,345 61,351

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 52,035
NET BOOK VALUE
At 31 December 2023 52,035
At 31 December 2022 52,035

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 99,119 186,463
Other debtors 258,000 97,254
357,119 283,717

R. McCabe Services Ltd (Registered number: NI057600)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,354 12,578
Trade creditors 5,732 4,882
Taxation and social security 68,108 27,414
Other creditors 37,114 2,123
122,308 46,997

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 35,670