Company Registration No. 04652414 (England and Wales)
C MCGOUGH & SONS LIMITED
Unaudited accounts
for the year ended 31 January 2024
C MCGOUGH & SONS LIMITED
Unaudited accounts
Contents
C MCGOUGH & SONS LIMITED
Company Information
for the year ended 31 January 2024
Company Number
04652414 (England and Wales)
Registered Office
Moreton House
79 Roundwell Street
Tunstall
ST6 5AW
UK
Accountants
Paul Austen Associates Ltd
Riverside
Mountbatten Way
Congleton
Cheshire
CW12 1DY
C MCGOUGH & SONS LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
234,357
273,022
Cash at bank and in hand
248,630
254,845
Creditors: amounts falling due within one year
(153,499)
(114,068)
Net current assets
366,243
412,177
Total assets less current liabilities
616,596
685,199
Provisions for liabilities
Deferred tax
(61,538)
(61,538)
Net assets
555,058
623,661
Called up share capital
1,000
1,000
Profit and loss account
554,058
622,661
Shareholders' funds
555,058
623,661
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 17 June 2024 and were signed on its behalf by
Mr T McGough
Director
Company Registration No. 04652414
C MCGOUGH & SONS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
C MCGOUGH & SONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04652414. The registered office is Moreton House, 79 Roundwell Street, Tunstall, ST6 5AW, UK.
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
15% reducing balance basis
Motor vehicles
20% reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
379,504
305,484
684,988
At 31 January 2024
381,166
305,484
686,650
At 1 February 2023
152,476
259,490
411,966
Charge for the year
34,204
6,123
40,327
At 31 January 2024
186,680
265,613
452,293
At 31 January 2024
194,486
39,871
234,357
At 31 January 2023
227,028
45,994
273,022
C MCGOUGH & SONS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
5
Investments
Other investments
Valuation at 1 February 2023
-
Valuation at 31 January 2024
15,996
Amounts falling due within one year
Trade debtors
232,847
238,921
Accrued income and prepayments
2,589
-
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
44,384
59,498
Trade creditors
97,451
36,212
Taxes and social security
18,163
15,571
Loans from directors
(10,140)
(378)
8
Average number of employees
During the year the average number of employees was 14 (2023: 14).