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REGISTERED NUMBER: 02204399 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

McCallum Manufacturing Limited

McCallum Manufacturing Limited (Registered number: 02204399)






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

Accountants' Report 6

McCallum Manufacturing Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: I W McCallum





REGISTERED OFFICE: Unit 6a Redbrook Business Park
Wilthorpe Road
Barnsley
South Yorkshire
S75 1JF





REGISTERED NUMBER: 02204399 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

McCallum Manufacturing Limited (Registered number: 02204399)

Balance Sheet
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,247 169,550
Investments 5 165,903 196,819
343,150 366,369

CURRENT ASSETS
Stocks 154,000 153,980
Debtors 6 849,589 720,058
Cash at bank 12,289 -
1,015,878 874,038
CREDITORS
Amounts falling due within one year 7 238,157 143,056
NET CURRENT ASSETS 777,721 730,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,120,871

1,097,351

PROVISIONS FOR LIABILITIES 45,440 41,566
NET ASSETS 1,075,431 1,055,785

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 13,306 -
Retained earnings 1,062,123 1,055,783
SHAREHOLDERS' FUNDS 1,075,431 1,055,785

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:





I W McCallum - Director


McCallum Manufacturing Limited (Registered number: 02204399)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

McCallum Manufacturing 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of the manufacture and supply of health and cosmetic products, excluding rebates, discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on cost

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.

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 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.

Govermnent grants
Government grants of a revenue nature which do not have performance conditions attached are recognised as income in full in the period in which entitlement has been satisfied.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

McCallum Manufacturing Limited (Registered number: 02204399)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 4,436 580,791 15,950 6,088 607,265
Additions - 36,366 - 692 37,058
At 31 December 2023 4,436 617,157 15,950 6,780 644,323
DEPRECIATION
At 1 January 2023 4,275 413,465 14,915 5,060 437,715
Charge for year 16 28,648 259 438 29,361
At 31 December 2023 4,291 442,113 15,174 5,498 467,076
NET BOOK VALUE
At 31 December 2023 145 175,044 776 1,282 177,247
At 31 December 2022 161 167,326 1,035 1,028 169,550

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 196,819
Disposals (49,458 )
Revaluations 18,542
At 31 December 2023 165,903
NET BOOK VALUE
At 31 December 2023 165,903
At 31 December 2022 196,819

The cost or valuation amount is represented by costs of £147,361 (2022 - £200,000) and revaluations of £18,452 (2022 - £3,181).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade debtors 294,529 260,829
Other debtors 555,060 459,229
849,589 720,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Bank loans and overdrafts - 4,055
Trade creditors 142,022 51,636
Taxation and social security 55,234 70,206
Other creditors 40,901 17,159
238,157 143,056

McCallum Manufacturing Limited (Registered number: 02204399)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £45,000 (2022 - £105,000).

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £392,560 (2022: £333,786) by I W McCallum, a director. The company has not charged interest on this loan.

Accountants' Report to the Director
on the Unaudited Financial Statements of
McCallum Manufacturing Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McCallum Manufacturing Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of McCallum Manufacturing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of McCallum Manufacturing Limited and state those matters that we have agreed to state to the director of McCallum Manufacturing Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McCallum Manufacturing Limited and its director for our work or for this report.

It is your duty to ensure that McCallum Manufacturing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McCallum Manufacturing Limited. You consider that McCallum Manufacturing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of McCallum Manufacturing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ


10 October 2024