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REGISTERED NUMBER: 04634771 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MICHAEL MCGRATH MANAGEMENT SERVICES
LIMITED

MICHAEL MCGRATH MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 04634771)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MICHAEL MCGRATH MANAGEMENT SERVICES
LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M McGrath
Mrs S McGrath





REGISTERED OFFICE: 153 -155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ





REGISTERED NUMBER: 04634771 (England and Wales)

MICHAEL MCGRATH MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 04634771)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 25 5,402
Cash at bank 8,179 12,516
8,204 17,918
CREDITORS
Amounts falling due within one year 5 52,069 59,042
NET CURRENT LIABILITIES (43,865 ) (41,124 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,865

)

(41,124

)

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 (43,867 ) (41,126 )
SHAREHOLDERS' FUNDS (43,865 ) (41,124 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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:



Mrs S McGrath - Director


MICHAEL MCGRATH MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 04634771)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Michael McGrath Management Services 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Going concern
The directors have indicated there willingness to continue to support the company for the foreseeable future. Therefore, the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 5,377
Other debtors 25 25
25 5,402

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,659 2,272
Directors' current accounts 49,700 56,090
Accrued expenses 710 680
52,069 59,042

MICHAEL MCGRATH MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 04634771)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Retained
earnings
£   

At 1 April 2023 (41,126 )
Deficit for the year (2,741 )
At 31 March 2024 (43,867 )