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REGISTERED NUMBER: NI669261 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

MCGARRIGLE LEGAL LIMITED

MCGARRIGLE LEGAL LIMITED (REGISTERED NUMBER: NI669261)

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


MCGARRIGLE LEGAL LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr K McGarrigle





REGISTERED OFFICE: Eagle Star House
5-7 Upper Queen Street
Belfast
Co. Antrim
BT1 6FB





REGISTERED NUMBER: NI669261 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

MCGARRIGLE LEGAL LIMITED (REGISTERED NUMBER: NI669261)

Balance Sheet
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,792 12,352

CURRENT ASSETS
Stocks 140,673 142,162
Debtors 5 327,765 152,559
Cash at bank 1,341,797 1,002,854
1,810,235 1,297,575
CREDITORS
Amounts falling due within one year 6 313,089 202,239
NET CURRENT ASSETS 1,497,146 1,095,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,513,938

1,107,688

PROVISIONS FOR LIABILITIES 4,198 2,347
NET ASSETS 1,509,740 1,105,341

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,509,739 1,105,340
1,509,740 1,105,341

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.

MCGARRIGLE LEGAL LIMITED (REGISTERED NUMBER: NI669261)

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 20 September 2024 and were signed by:





Mr K McGarrigle - Director


MCGARRIGLE LEGAL LIMITED (REGISTERED NUMBER: NI669261)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Mcgarrigle Legal 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.

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.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MCGARRIGLE LEGAL LIMITED (REGISTERED NUMBER: NI669261)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 32,332
Additions 12,707
At 30 June 2024 45,039
DEPRECIATION
At 1 July 2023 19,980
Charge for year 8,267
At 30 June 2024 28,247
NET BOOK VALUE
At 30 June 2024 16,792
At 30 June 2023 12,352

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 311,988 137,466
Other debtors 15,777 15,093
327,765 152,559

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Taxation and social security 295,582 155,145
Other creditors 17,507 47,094
313,089 202,239