Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01false66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01815106 2023-01-01 2023-12-31 01815106 2022-01-01 2022-12-31 01815106 2023-12-31 01815106 2022-12-31 01815106 c:Director1 2023-01-01 2023-12-31 01815106 c:Director2 2023-01-01 2023-12-31 01815106 c:Director3 2023-01-01 2023-12-31 01815106 d:CurrentFinancialInstruments 2023-12-31 01815106 d:CurrentFinancialInstruments 2022-12-31 01815106 d:Non-currentFinancialInstruments 2023-12-31 01815106 d:Non-currentFinancialInstruments 2022-12-31 01815106 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01815106 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01815106 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01815106 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 01815106 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 01815106 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 01815106 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 01815106 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 01815106 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 01815106 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 01815106 d:ShareCapital 2023-12-31 01815106 d:ShareCapital 2022-12-31 01815106 d:RetainedEarningsAccumulatedLosses 2023-12-31 01815106 d:RetainedEarningsAccumulatedLosses 2022-12-31 01815106 c:FRS102 2023-01-01 2023-12-31 01815106 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01815106 c:FullAccounts 2023-01-01 2023-12-31 01815106 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01815106 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 01815106










McGregor Installations Ltd








Unaudited

Directors' report and financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
McGregor Installations Ltd
 

 
Directors' report
For the year ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Principal activity

The Company's principal activity is the installation and maintenance of modular structures manufactured by McGregor Works Limited.  

Directors

The directors who served during the year were:

Mr E K McGregor 
Mrs M McGregor 
Mr A H McGregor 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Mr A H McGregor
Director

Date: 6 September 2024

Page 1

 
McGregor Installations Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of McGregor Installations Ltd for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McGregor Installations Ltd for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of McGregor Installations Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of McGregor Installations Ltd and state those matters that we have agreed to state to the Board of directors of McGregor Installations Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McGregor Installations Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that McGregor Installations Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McGregor Installations Ltd. You consider that McGregor Installations Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of McGregor Installations Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
13 September 2024
Page 2

 
McGregor Installations Ltd
Registered number: 01815106

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
83,575
46,801

Cash at bank and in hand
  
3,233
10,877

  
86,808
57,678

Creditors: amounts falling due within one year
 5 
(61,476)
(44,645)

Net current assets
  
 
 
25,332
 
 
13,033

Total assets less current liabilities
  
25,332
13,033

Creditors: amounts falling due after more than one year
 6 
(24,674)
(28,556)

  

Net assets/(liabilities)
  
658
(15,523)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
558
(15,623)

  
658
(15,523)


Page 3

 
McGregor Installations Ltd
Registered number: 01815106

Balance sheet (continued)
As at 31 December 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr A H McGregor
Director

Date: 6 September 2024

The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
McGregor Installations Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The Company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office and principal place of business is:
Winton Farm
Petersfield Road
Ropley
Alresford
Hampshire
SO24 0HB

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
McGregor Installations Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
McGregor Installations Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Debtors

2023
2022
£
£


Trade debtors
-
5,922

Amounts owed by group undertakings
83,575
40,455

Other debtors
-
424

83,575
46,801


Page 7

 
McGregor Installations Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
3,881
3,784

Trade creditors
30,838
9,894

Amounts owed to group undertakings
24,533
22,419

Other taxation and social security
14
1,839

Other creditors
735
374

Accruals and deferred income
1,475
6,335

61,476
44,645



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,674
28,556

24,674
28,556


Page 8

 
McGregor Installations Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2023

7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,881
3,784


3,881
3,784

Amounts falling due 1-2 years

Bank loans
3,979
3,881


3,979
3,881

Amounts falling due 2-5 years

Bank loans
12,550
12,241


12,550
12,241

Amounts falling due after more than 5 years

Bank loans
8,145
12,434

28,555
32,340



8.


Related party transactions

The Company has taken advantage of the exemption in FRS 102 paragraph 33.1A from disclosing
transactions with other members of the group.


9.


Controlling party

The Company is controlled by McGregor Group Limited, incorporated in England and Wales. The registered office address of McGregor Group Limited is Winton Farm, Petersfield Road, Ropley, Alresford, Hampshire, England, SO24 0HB. 


Page 9