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REGISTERED NUMBER: 01262251 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MCKENNA (PLASTERERS) LIMITED

MCKENNA (PLASTERERS) LIMITED (REGISTERED NUMBER: 01262251)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCKENNA (PLASTERERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: A McKenna





SECRETARY: A McKenna





REGISTERED OFFICE: 4 South Terrace
Cornsay Colliery
County Durham
DH7 9ED





REGISTERED NUMBER: 01262251 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

MCKENNA (PLASTERERS) LIMITED (REGISTERED NUMBER: 01262251)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,607 19,499

CURRENT ASSETS
Stocks 6,970 12,173
Debtors 5 118,607 87,589
Cash at bank 716,490 919,049
842,067 1,018,811
CREDITORS
Amounts falling due within one year 6 59,709 93,072
NET CURRENT ASSETS 782,358 925,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,965

945,238

PROVISIONS FOR LIABILITIES 4,524 4,507
NET ASSETS 796,441 940,731

CAPITAL AND RESERVES
Called up share capital 7 3,125 3,125
Capital redemption reserve 1,875 1,875
Retained earnings 791,441 935,731
SHAREHOLDERS' FUNDS 796,441 940,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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 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 Sections 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.

MCKENNA (PLASTERERS) LIMITED (REGISTERED NUMBER: 01262251)

BALANCE SHEET - continued
30 JUNE 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





A McKenna - Director


MCKENNA (PLASTERERS) LIMITED (REGISTERED NUMBER: 01262251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

McKenna (Plasterers) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - straight line over 25 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

MCKENNA (PLASTERERS) LIMITED (REGISTERED NUMBER: 01262251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 109,747
Additions 6,000
Disposals (5,200 )
At 30 June 2024 110,547
DEPRECIATION
At 1 July 2023 90,248
Charge for year 6,198
Eliminated on disposal (4,506 )
At 30 June 2024 91,940
NET BOOK VALUE
At 30 June 2024 18,607
At 30 June 2023 19,499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,269 77,007
Other debtors 29,338 10,582
118,607 87,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,800 51,561
Taxation and social security 3,119 23,776
Other creditors 20,790 17,735
59,709 93,072

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,125 Ordinary £1 3,125 3,125

8. RELATED PARTY DISCLOSURES

The business premises are owned by a director of the company, and were occupied rent free by the company during the year.

During the year the director maintained an interest-free loan to the company. The balance on the loan at 30 June 2024 was £6,976 (2023: £4,622).