Silverfin false false 31/03/2024 01/04/2023 31/03/2024 M Ahmed 15/03/2021 A W Carey 02/03/2021 T Courtley 01/06/2021 M Grady 15/03/2021 T M Hamilton 02/03/2021 N P Kimber 15/03/2021 N L Paterno 02/03/2021 A J Warren 15/03/2021 14 October 2024 The principal activity of the Company during the financial period was that of payroll providers. 13239717 2024-03-31 13239717 bus:Director1 2024-03-31 13239717 bus:Director2 2024-03-31 13239717 bus:Director3 2024-03-31 13239717 bus:Director4 2024-03-31 13239717 bus:Director5 2024-03-31 13239717 bus:Director6 2024-03-31 13239717 bus:Director7 2024-03-31 13239717 bus:Director8 2024-03-31 13239717 core:CurrentFinancialInstruments 2024-03-31 13239717 core:CurrentFinancialInstruments 2023-03-31 13239717 2023-03-31 13239717 core:ShareCapital 2024-03-31 13239717 core:ShareCapital 2023-03-31 13239717 core:RetainedEarningsAccumulatedLosses 2024-03-31 13239717 core:RetainedEarningsAccumulatedLosses 2023-03-31 13239717 2023-04-01 2024-03-31 13239717 bus:FilletedAccounts 2023-04-01 2024-03-31 13239717 bus:SmallEntities 2023-04-01 2024-03-31 13239717 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13239717 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13239717 bus:Director1 2023-04-01 2024-03-31 13239717 bus:Director2 2023-04-01 2024-03-31 13239717 bus:Director3 2023-04-01 2024-03-31 13239717 bus:Director4 2023-04-01 2024-03-31 13239717 bus:Director5 2023-04-01 2024-03-31 13239717 bus:Director6 2023-04-01 2024-03-31 13239717 bus:Director7 2023-04-01 2024-03-31 13239717 bus:Director8 2023-04-01 2024-03-31 13239717 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 13239717 (England and Wales)

MCBRIDES PAYROLL BUREAU SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

MCBRIDES PAYROLL BUREAU SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

MCBRIDES PAYROLL BUREAU SERVICES LIMITED

BALANCE SHEET

As at 31 March 2024
MCBRIDES PAYROLL BUREAU SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
2024 2023
£ £
Current assets
Debtors 3 67,775 63,231
Cash at bank and in hand 22,763 46,617
90,538 109,848
Creditors: amounts falling due within one year 4 ( 36,618) ( 33,885)
Net current assets 53,920 75,963
Total assets less current liabilities 53,920 75,963
Net assets 53,920 75,963
Capital and reserves
Called-up share capital 100 100
Profit and loss account 53,820 75,863
Total shareholder's funds 53,920 75,963

For the financial 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.

Directors' responsibilities:

The financial statements of McBrides Payroll Bureau Services Limited (registered number: 13239717) were approved and authorised for issue by the Board of Directors on 14 October 2024. They were signed on its behalf by:

N L Paterno
Director
MCBRIDES PAYROLL BUREAU SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
MCBRIDES PAYROLL BUREAU SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

McBrides Payroll Bureau Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Nexus House, 2 Cray Road, Sidcup, DA14 5DA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Other income is accounted for on a receivable basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 8

3. Debtors

2024 2023
£ £
Trade debtors 1,001 866
Other debtors 66,774 62,365
67,775 63,231

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,044 23,677
Taxation and social security 11,225 10,207
Other creditors 23,349 1
36,618 33,885