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Company Registration No. NI668444 (Northern Ireland)
McCullough Logistics Limited Unaudited accounts for the year ended 31 March 2024
McCullough Logistics Limited Unaudited accounts Contents
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McCullough Logistics Limited Company Information for the year ended 31 March 2024
Directors
Ashley David McCullough Ashley McCullough
Secretary
Ashley David McCullough
Company Number
NI668444 (Northern Ireland)
Registered Office
77 THE OAKS RANDALSTOWN ANTRIM BT41 3NE NORTHERN IRELAND
Accountants
TAG Accountants (N.I.) Ltd 81a Galgorm Road Ballymena Co Antrim BT42 1AA
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McCullough Logistics Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
212,131 
216,214 
Current assets
Debtors
170,408 
182,217 
Cash at bank and in hand
48 
2,759 
170,456 
184,976 
Creditors: amounts falling due within one year
(212,530)
(200,471)
Net current liabilities
(42,074)
(15,495)
Total assets less current liabilities
170,057 
200,719 
Provisions for liabilities
Deferred tax
(40,305)
(41,081)
Net assets
129,752 
159,638 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
129,652 
159,538 
Shareholders' funds
129,752 
159,638 
For the year ending 31 March 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 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 17 September 2024 and were signed on its behalf by
Ashley David McCullough Director Company Registration No. NI668444
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McCullough Logistics Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
McCullough Logistics Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI668444. The registered office is 77 THE OAKS, RANDALSTOWN, ANTRIM, BT41 3NE, NORTHERN IRELAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
325,729 
Additions
48,950 
At 31 March 2024
374,679 
Depreciation
At 1 April 2023
109,515 
Charge for the year
53,033 
At 31 March 2024
162,548 
Net book value
At 31 March 2024
212,131 
At 31 March 2023
216,214 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
143,340 
155,149 
Other debtors
27,068 
27,068 
170,408 
182,217 
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McCullough Logistics Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
28,691 
- 
VAT
13,017 
1,240 
Obligations under finance leases and hire purchase contracts
109,486 
134,131 
Trade creditors
21,459 
29,928 
Taxes and social security
9,228 
4,477 
Loans from directors
27,649 
28,195 
Accruals
3,000 
2,500 
212,530 
200,471 
7
Average number of employees
During the year the average number of employees was 10 (2023: 7).
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