Company Registration No. NI063796 (Northern Ireland)
McAtee Bros Ltd
Unaudited accounts
for the year ended 31 March 2024
McAtee Bros Ltd
Unaudited accounts
Contents
McAtee Bros Ltd
Company Information
for the year ended 31 March 2024
Company Number
NI063796 (Northern Ireland)
Registered Office
1 Church Street
Fintona
Tyrone
BT78 2BR
Northern Ireland
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
McAtee Bros Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
113,100
127,198
Cash at bank and in hand
119,998
127,264
Creditors: amounts falling due within one year
(168,695)
(162,281)
Net current liabilities
(40,587)
(55,637)
Total assets less current liabilities
72,513
76,061
Creditors: amounts falling due after more than one year
(47,122)
(57,623)
Called up share capital
2
2
Profit and loss account
25,389
18,436
Shareholders' funds
25,391
18,438
For the year ending 31 March 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 2 October 2024 and were signed on its behalf by
Patrick McAtee
Director
Company Registration No. NI063796
McAtee Bros Ltd
Notes to the Accounts
for the year ended 31 March 2024
McAtee Bros Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI063796. The registered office is 1 Church Street, Fintona, Tyrone, BT78 2BR, Northern Ireland.
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
20% Straight Line
Motor vehicles
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
McAtee Bros Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
18,337
102,837
96,603
217,777
Additions
2,160
3,937
43,540
49,637
Disposals
-
-
(28,898)
(28,898)
At 31 March 2024
20,497
106,774
111,245
238,516
At 1 April 2023
-
66,428
24,151
90,579
Charge for the year
-
18,482
23,580
42,062
On disposals
-
-
(7,225)
(7,225)
At 31 March 2024
-
84,910
40,506
125,416
At 31 March 2024
20,497
21,864
70,739
113,100
At 31 March 2023
18,337
36,409
72,452
127,198
Amounts falling due within one year
Trade debtors
8,110
10,100
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,033
299
Other creditors
132,190
150,498
Loans from directors
20,914
-
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
28,000
35,950
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).