IRIS Accounts Production v24.2.0.383 NI610640 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6106402022-12-31NI6106402023-12-31NI6106402023-01-012023-12-31NI6106402021-12-31NI6106402022-01-012022-12-31NI6106402022-12-31NI610640ns15:NorthernIreland2023-01-012023-12-31NI610640ns14:PoundSterling2023-01-012023-12-31NI610640ns10:Director12023-01-012023-12-31NI610640ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31NI610640ns10:SmallEntities2023-01-012023-12-31NI610640ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31NI610640ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31NI610640ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31NI610640ns10:FullAccounts2023-01-012023-12-31NI610640ns10:RegisteredOffice2023-01-012023-12-31NI610640ns5:CurrentFinancialInstruments2023-12-31NI610640ns5:CurrentFinancialInstruments2022-12-31NI610640ns5:ShareCapital2023-12-31NI610640ns5:ShareCapital2022-12-31NI610640ns5:RetainedEarningsAccumulatedLosses2023-12-31NI610640ns5:RetainedEarningsAccumulatedLosses2022-12-31NI610640ns5:FurnitureFittings2023-01-012023-12-31NI610640ns5:FurnitureFittings2022-12-31NI610640ns5:FurnitureFittings2023-12-31NI610640ns5:FurnitureFittings2022-12-31NI610640ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31NI610640ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: NI610640 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DAVID MCCLEAN LIMITED

DAVID MCCLEAN LIMITED (REGISTERED NUMBER: NI610640)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


DAVID MCCLEAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: D McClean





REGISTERED OFFICE: 17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG





REGISTERED NUMBER: NI610640 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

DAVID MCCLEAN LIMITED (REGISTERED NUMBER: NI610640)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 5 332,043 427,543
Investments 6 309,931 309,931
Cash at bank and in hand 23,530 421
665,504 737,895
CREDITORS
Amounts falling due within one year 7 36,366 125,738
NET CURRENT ASSETS 629,138 612,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,138

612,157

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 629,137 612,156
SHAREHOLDERS' FUNDS 629,138 612,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were authorised for issue by the director and authorised for issue on 26 September 2024 and were signed by:





D McClean - Director


DAVID MCCLEAN LIMITED (REGISTERED NUMBER: NI610640)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

David McClean Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements:

Establish whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

Consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Consider the recoverability of debtors and work in progress and the need for impairment provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

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.
Fixtures, fittings & equipment - 50% on reducing balance

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.


DAVID MCCLEAN LIMITED (REGISTERED NUMBER: NI610640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Hire purchase and leasing
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the ba;lance of capital repayments outstanding.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 January 2023
and 31 December 2023 35,357
DEPRECIATION
At 1 January 2023
and 31 December 2023 35,357
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

DAVID MCCLEAN LIMITED (REGISTERED NUMBER: NI610640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 249,335 244,835
Other debtors 82,708 182,708
332,043 427,543

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Other 309,931 309,931

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 14,981 103,243
Trade creditors (1 ) (1 )
Tax 6,677 10,550
VAT 1,200 6,378
Directors' current accounts 9,096 5,568
Accrued expenses 4,413 -
36,366 125,738

8. CONTROL

The controlling party is D McClean.

The company is controlled by D McClean who owns 100% of the called up share capital.