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REGISTERED NUMBER: 01068390 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ILLINGWORTH MCNAIR LIMITED

ILLINGWORTH MCNAIR LIMITED (REGISTERED NUMBER: 01068390)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ILLINGWORTH MCNAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs S E Illingworth
J M Illingworth
D J Illingworth
A G Kelly
Mrs A Tonge
Miss N Sanderson





SECRETARY: Ms S C A Illingworth





REGISTERED OFFICE: 164 Main Street
Bingley
West Yorkshire
BD16 2HR





REGISTERED NUMBER: 01068390 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

ILLINGWORTH MCNAIR LIMITED (REGISTERED NUMBER: 01068390)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,788 36,335
Investments 6 11,375 11,375
41,163 47,710

CURRENT ASSETS
Debtors 7 278,979 261,501
Cash at bank and in hand 197,505 215,684
476,484 477,185
CREDITORS
Amounts falling due within one year 8 (125,160 ) (177,076 )
NET CURRENT ASSETS 351,324 300,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,487

347,819

PROVISIONS FOR LIABILITIES (4,232 ) (5,480 )
NET ASSETS 388,255 342,339

CAPITAL AND RESERVES
Called up share capital 9 6,000 6,000
Retained earnings 382,255 336,339
SHAREHOLDERS' FUNDS 388,255 342,339

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 directors acknowledge their 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.

ILLINGWORTH MCNAIR LIMITED (REGISTERED NUMBER: 01068390)

BALANCE SHEET - continued
30 JUNE 2024


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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





D J Illingworth - Director


ILLINGWORTH MCNAIR LIMITED (REGISTERED NUMBER: 01068390)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Illingworth Mcnair 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 represents brokerage and fees receivable. Income is recognised when debit or fee notes are issued, irrespective of the inception date or period of insurance.

Where the period of the policy is in excess of one year the brokerage is apportioned between the accounting periods covered by the policy.

Alterations in brokerage arising from returns, additional premiums and adjustments are taken into account as and when these occur.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 10% on cost and 5% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.


ILLINGWORTH MCNAIR LIMITED (REGISTERED NUMBER: 01068390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company makes contributions to the personal pensions of certain members of staff, on both a "salary-sacrifice" and non "salary-sacrifice" basis, but has no formal pension scheme in place.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

ILLINGWORTH MCNAIR LIMITED (REGISTERED NUMBER: 01068390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 271,323
AMORTISATION
At 1 July 2023
and 30 June 2024 271,323
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements and
to property fittings Totals
£ £ £
COST
At 1 July 2023 41,927 150,099 192,026
Additions - 6,423 6,423
Disposals - (4,617 ) (4,617 )
At 30 June 2024 41,927 151,905 193,832
DEPRECIATION
At 1 July 2023 27,913 127,778 155,691
Charge for year 1,167 7,186 8,353
At 30 June 2024 29,080 134,964 164,044
NET BOOK VALUE
At 30 June 2024 12,847 16,941 29,788
At 30 June 2023 14,014 22,321 36,335

ILLINGWORTH MCNAIR LIMITED (REGISTERED NUMBER: 01068390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 July 2023
and 30 June 2024 15,296
PROVISIONS
At 1 July 2023
and 30 June 2024 3,921
NET BOOK VALUE
At 30 June 2024 11,375
At 30 June 2023 11,375

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 139,077 125,195
Other debtors 139,902 136,306
278,979 261,501

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 72,295 72,297
Other creditors 52,865 104,779
125,160 177,076

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,200 "A"ordinary £1 1,200 1,200
(2023 - 4,800 )
2,400 "B" Ordinary shares £1 2,400 2,400
2,400 "C" Ordinary shares £1 2,400 2,400
6,000 6,000