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REGISTERED NUMBER: 03226950 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MCDONALD ASSOCIATES LIMITED

MCDONALD ASSOCIATES LIMITED (REGISTERED NUMBER: 03226950)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCDONALD ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: I T Bradshaw
D A Law
J Manna



REGISTERED OFFICE: No1 Lindrick Way
Lakeside Park
Barlborough Links
Chesterfield
S43 4XE



REGISTERED NUMBER: 03226950 (England and Wales)



ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB



BANKERS: Bank of Scotland
7 Leopold Street
Sheffield
S1 2FF

MCDONALD ASSOCIATES LIMITED (REGISTERED NUMBER: 03226950)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,924 9,776
Investments 5 1 1
8,925 9,777

CURRENT ASSETS
Debtors 6 620,626 657,056
Cash at bank and in hand 76,971 113,883
697,597 770,939
CREDITORS
Amounts falling due within one year 7 88,977 105,565
NET CURRENT ASSETS 608,620 665,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,545

675,151

PROVISIONS FOR LIABILITIES 2,231 1,857
NET ASSETS 615,314 673,294

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 614,314 672,294
SHAREHOLDERS' FUNDS 615,314 673,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

MCDONALD ASSOCIATES LIMITED (REGISTERED NUMBER: 03226950)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 15 October 2024 and were signed on its behalf by:





I T Bradshaw - Director


MCDONALD ASSOCIATES LIMITED (REGISTERED NUMBER: 03226950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

McDonald Associates 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.

Preparation of consolidated financial statements
The financial statements contain information about McDonald Associates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts received for commission during the year and net invoiced fees receivable, excluding value added tax.

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 - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

MCDONALD ASSOCIATES LIMITED (REGISTERED NUMBER: 03226950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 156,512
Additions 1,912
At 30 November 2023 158,424
DEPRECIATION
At 1 December 2022 146,736
Charge for year 2,764
At 30 November 2023 149,500
NET BOOK VALUE
At 30 November 2023 8,924
At 30 November 2022 9,776

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 1
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 90,011 116,318
Amounts owed by group undertakings 518,061 518,061
Other debtors 12,554 22,677
620,626 657,056

MCDONALD ASSOCIATES LIMITED (REGISTERED NUMBER: 03226950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,771 12,710
Taxation and social security 58,589 77,000
Other creditors 12,617 15,855
88,977 105,565

8. ULTIMATE CONTROLLING PARTY

The controlling party is McDonald 2004 Limited.

The registered of office of McDonald 2004 Limited is No1 Lindrick Way, Lakeside Park, Barlborough, Chesterfield S43 4XE.

The company has no ultimate controlling party.