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REGISTERED NUMBER: 07675492 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

MCCARTHY REFRIGERATION LIMITED

MCCARTHY REFRIGERATION LIMITED (REGISTERED NUMBER: 07675492)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MCCARTHY REFRIGERATION LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mrs D P McCarthy





REGISTERED OFFICE: 48 Northwood Road
Portsmouth
England
Hampshire
PO2 9QT





REGISTERED NUMBER: 07675492 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

MCCARTHY REFRIGERATION LIMITED (REGISTERED NUMBER: 07675492)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,965 6,163
12,965 6,163

CURRENT ASSETS
Stocks 4,005 1,840
Debtors 6 36,391 68,632
Cash at bank 214,584 218,176
254,980 288,648
CREDITORS
Amounts falling due within one year 7 56,511 75,677
NET CURRENT ASSETS 198,469 212,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,434

219,134

CAPITAL AND RESERVES
Called up share capital 8 103 103
Retained earnings 9 211,331 219,031
SHAREHOLDERS' FUNDS 211,434 219,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 18 September 2024 and were signed by:



Mrs D P McCarthy - Director


MCCARTHY REFRIGERATION LIMITED (REGISTERED NUMBER: 07675492)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Mccarthy Refrigeration 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2011, 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 - 33% on cost and 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

MCCARTHY REFRIGERATION LIMITED (REGISTERED NUMBER: 07675492)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 40,000
AMORTISATION
At 1 July 2023
and 30 June 2024 40,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 29,661
Additions 17,072
Disposals (16,399 )
At 30 June 2024 30,334
DEPRECIATION
At 1 July 2023 23,498
Charge for year 5,081
Eliminated on disposal (11,210 )
At 30 June 2024 17,369
NET BOOK VALUE
At 30 June 2024 12,965
At 30 June 2023 6,163

MCCARTHY REFRIGERATION LIMITED (REGISTERED NUMBER: 07675492)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 27,489 57,539
Other debtors 8,902 11,093
36,391 68,632

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 11,205 9,687
Taxation and social security 41,015 61,569
Other creditors 4,291 4,421
56,511 75,677

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100
3 Ordinary B £1 3 3
103 103

9. RESERVES
Retained
earnings
£   

At 1 July 2023 219,031
Profit for the year 124,300
Dividends (132,000 )
At 30 June 2024 211,331

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mrs D P McCarthy
Balance outstanding at start of year (841 ) (105 )
Amounts advanced - 147,264
Amounts repaid (350 ) (148,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,191 ) (841 )

MCCARTHY REFRIGERATION LIMITED (REGISTERED NUMBER: 07675492)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The Directors' loans are interest free and repayable on demand.

The company remained under the control of its Directors'.