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REGISTERED NUMBER: 12471158 (England and Wales)











McNeil Evans Joinery & Building Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






McNeil Evans Joinery & Building Limited (Registered number: 12471158)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


McNeil Evans Joinery & Building Limited

Company Information
for the Year Ended 29 February 2024







Directors: C McNeil
J Evans





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 12471158 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

McNeil Evans Joinery & Building Limited (Registered number: 12471158)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
Fixed assets
Intangible assets 4 30,000 35,000
Tangible assets 5 3,446 3,794
33,446 38,794

Current assets
Stocks 2,200 4,100
Debtors 6 117,899 72,326
Cash at bank 1,442 21,639
121,541 98,065
Creditors
Amounts falling due within one year 7 (136,038 ) (107,045 )
Net current liabilities (14,497 ) (8,980 )
Total assets less current liabilities 18,949 29,814

Creditors
Amounts falling due after more than one
year

8

(19,167

)

(29,166

)
Net (liabilities)/assets (218 ) 648

Capital and reserves
Called up share capital 9 2 2
Retained earnings (220 ) 646
Shareholders' funds (218 ) 648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

McNeil Evans Joinery & Building Limited (Registered number: 12471158)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





C McNeil - Director


McNeil Evans Joinery & Building Limited (Registered number: 12471158)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

McNeil Evans Joinery & Building 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 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.


McNeil Evans Joinery & Building Limited (Registered number: 12471158)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

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.

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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 March 2023
and 29 February 2024 50,000
Amortisation
At 1 March 2023 15,000
Charge for year 5,000
At 29 February 2024 20,000
Net book value
At 29 February 2024 30,000
At 28 February 2023 35,000

McNeil Evans Joinery & Building Limited (Registered number: 12471158)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 March 2023 8,846
Additions 800
At 29 February 2024 9,646
Depreciation
At 1 March 2023 5,052
Charge for year 1,148
At 29 February 2024 6,200
Net book value
At 29 February 2024 3,446
At 28 February 2023 3,794

6. Debtors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Trade debtors 175 -
Directors' current accounts 108,538 72,326
Accrued income 9,186 -
117,899 72,326

7. Creditors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Corporation tax 62,913 36,069
Social security and other taxes 12,381 2,883
VAT 46,779 54,354
Other creditors - 989
Accrued expenses 3,965 2,750
136,038 107,045

8. Creditors: amounts falling due after more than one year
29.2.24 28.2.23
£    £   
Bank loans - 2-5 years 19,167 29,166

McNeil Evans Joinery & Building Limited (Registered number: 12471158)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
C McNeil
Balance outstanding at start of year 32,448 19,459
Amounts advanced 51,568 32,448
Amounts repaid (34,000 ) (19,459 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,016 32,448

J Evans
Balance outstanding at start of year 39,878 21,638
Amounts advanced 58,644 39,878
Amounts repaid (40,000 ) (21,638 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,522 39,878

The loans attract interest at a commercial rate and are fully repayable on demand.