Company Registration No. NI668444 (Northern Ireland)
McCullough Logistics Limited
Unaudited accounts
for the year ended 31 March 2024
McCullough Logistics Limited
Unaudited accounts
Contents
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
McCullough Logistics Limited
Statement of financial position
as at 31 March 2024
Tangible assets
212,131
216,214
Cash at bank and in hand
48
2,759
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
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
McCullough Logistics Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Charge for the year
53,033
Amounts falling due within one year
Trade debtors
143,340
155,149
Other debtors
27,068
27,068
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
-
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
7
Average number of employees
During the year the average number of employees was 10 (2023: 7).