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Sean McArdle & Son Limited
Registered Number:09604892
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
Sean McArdle & Son Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09604892
As at 30 June 2024
Sean McArdle & Son Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
17,012
22,684
2
17,012
22,684
Current assets
Trade and other receivables
5,641
539
3
74,079
Cash and cash equivalents
67,983
68,522
79,720
Trade and other payables: amounts falling due within one
year
(59,258)
(47,182)
4
20,462
21,340
Net current assets
Total assets less current liabilities
38,352
43,146
Trade and other payables: amounts falling due after more
than one year
(21,033)
(9,076)
5
(3,232)
(3,830)
Provisions for liabilities
26,044
Net assets
18,283
Capital and reserves
Called up share capital
101
101
Retained earnings
25,943
18,182
26,044
18,283
Shareholders' funds
For the year ended 30 June 2024 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S Mcardle Director
These financial statements were approved and authorised for issue by the Board on 28 August 2024 and were signed by:
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4
Registered Number :
09604892
For the year ended 30 June 2024
Sean McArdle & Son Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 June 2024
Sean McArdle & Son Limited
Notes to the Financial Statements
Statutory Information
Sean McArdle & Son Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09604892.
Registered address:
61 Barton Hill Road
Torquay
Devon
TQ2 8JF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 30 June 2024
Sean McArdle & Son Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 July 2023
64,175
At 30 June 2024
64,175
Provision for depreciation and impairment
At 01 July 2023
41,491
Charge for year
5,672
At 30 June 2024
47,163
At 30 June 2024
Net book value
17,012
At 30 June 2023
22,684
3. Trade and other receivables
2023
2024
£
£
Trade debtors
-
5,362
Other debtors
539
279
5,641
539
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,289
10,035
Taxation and social security
12,356
3,594
Other creditors
24,537
45,629
47,182
59,258
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
9,076
19,621
Other creditors
-
1,412
9,076
21,033
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7
For the year ended 30 June 2024
Sean McArdle & Son Limited
Notes to the Financial Statements Continued
6. Related party transactions
The company was under the control of Sean McArdle during this year.
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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