MCDONALD INSULATION SERVICES LIMITED

Company Registration Number:
11438025 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

MCDONALD INSULATION SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

MCDONALD INSULATION SERVICES LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 62,131 21,050
Total fixed assets: 62,131 21,050
Current assets
Debtors: 4 263,454 294,238
Cash at bank and in hand: 62,663 24,329
Total current assets: 326,117 318,567
Creditors: amounts falling due within one year: 5 (229,217) (157,618)
Net current assets (liabilities): 96,900 160,949
Total assets less current liabilities: 159,031 181,999
Creditors: amounts falling due after more than one year: 6 (34,238) (41,296)
Total net assets (liabilities): 124,793 140,703
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 124,792 140,702
Shareholders funds: 124,793 140,703

The notes form part of these financial statements

MCDONALD INSULATION SERVICES LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 November 2024
and signed on behalf of the board by:

Name: Daniel McDonald
Status: Director

The notes form part of these financial statements

MCDONALD INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Motor vehicles: 18% reducing balance Plant and machinery: 18% reducing balance Equipment: 18% reducing balance

MCDONALD INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

MCDONALD INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 43,228
Additions 54,720
At 30 June 2023 97,948
Depreciation
At 01 July 2022 22,178
Charge for year 13,639
At 30 June 2023 35,817
Net book value
At 30 June 2023 62,131
At 30 June 2022 21,050

MCDONALD INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 263,454 294,238

MCDONALD INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

Creditors : £229,217

MCDONALD INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due after more than one year note

Creditors : £34,238