Company Registration No. 10409611 (England and Wales)
McCowen-Smith Ltd.
Unaudited accounts
for the year ended 31 December 2023
McCowen-Smith Ltd.
Unaudited accounts
Contents
McCowen-Smith Ltd.
Company Information
for the year ended 31 December 2023
Directors
N D McCowen-Smith
L McCowen-Smith
Company Number
10409611 (England and Wales)
Registered Office
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX36 3LH
Accountants
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
McCowen-Smith Ltd.
Statement of financial position
as at 31 December 2023
Tangible assets
510,707
213,186
Cash at bank and in hand
44,511
86,533
Creditors: amounts falling due within one year
(501,646)
(255,083)
Net current liabilities
(456,390)
(167,805)
Called up share capital
100
100
Profit and loss account
54,217
45,281
Shareholders' funds
54,317
45,381
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
N D McCowen-Smith
Director
Company Registration No. 10409611
McCowen-Smith Ltd.
Notes to the Accounts
for the year ended 31 December 2023
McCowen-Smith Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10409611. The registered office is Suite 2, Riverside Court, Castle Street, Barnstaple, Devon, EX36 3LH.
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.
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:
4
Tangible fixed assets
Land & buildings
At 31 December 2023
510,707
At 31 December 2023
510,707
At 31 December 2022
213,186
Amounts falling due within one year
Accrued income and prepayments
745
745
McCowen-Smith Ltd.
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,122
3,203
Loans from directors
497,550
250,926
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Average number of employees
During the year the average number of employees was 2 (2022: 2).