2023-04-01 00642263 2024-03-31 00642263 2023-04-01 2024-03-31 00642263 2023-03-31 00642263 2022-04-01 2023-03-31 00642263 uk-core:WithinOneYear 2023-03-31 00642263 uk-core:WithinOneYear 2024-03-31 00642263 uk-core:AfterOneYear 2023-03-31 00642263 uk-core:AfterOneYear 2024-03-31 00642263 uk-core:ShareCapital 2024-03-31 00642263 uk-core:ShareCapital 2023-03-31 00642263 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 00642263 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 00642263 uk-bus:Director1 2023-04-01 2024-03-31 00642263 uk-core:LandBuildings 2023-04-01 2024-03-31 00642263 uk-core:PlantMachinery 2023-04-01 2024-03-31 00642263 uk-core:MotorVehicles 2023-04-01 2024-03-31 00642263 uk-core:MotorVehicles 2023-03-31 00642263 uk-core:PlantMachinery 2023-03-31 00642263 uk-core:LandBuildings 2023-03-31 00642263 uk-core:LandBuildings 2024-03-31 00642263 uk-core:PlantMachinery 2024-03-31 00642263 uk-core:MotorVehicles 2024-03-31 00642263 uk-core:WithinOneYear 2024-03-31 00642263 uk-core:WithinOneYear 2023-03-31 00642263 uk-core:AfterOneYear uk-core:Secured 2024-03-31 00642263 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 00642263 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00642263 uk-bus:FRS102 2023-04-01 2024-03-31 00642263 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 00642263 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
F I Maguire Limited
Registered Number:00642263
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
F I Maguire Limited
Contents Page
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Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
Registered Number :
00642263
As at 31 March 2024
F I Maguire Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
168,162
188,949
2
168,162
188,949
Current assets
Inventories
70,305
70,000
3
Trade and other receivables
919,485
1,117,459
4
252,237
Cash and cash equivalents
266,557
1,454,016
1,242,027
Trade and other payables: amounts falling due within one
year
(428,467)
(442,564)
5
813,560
1,011,452
Net current assets
Total assets less current liabilities
1,179,614
1,002,509
Trade and other payables: amounts falling due after more
than one year
(21,500)
(11,800)
6
(16,888)
(23,950)
Provisions for liabilities
1,150,926
Net assets
957,059
Capital and reserves
Called up share capital
1,450
1,450
Retained earnings
1,149,476
955,609
1,150,926
957,059
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Registered Number :
00642263
For the year ended 31 March 2024
F I Maguire Limited
Statement of Financial Position Continued
J Singh Director
These financial statements were approved and authorised for issue by the Board on 30 August 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2024
F I Maguire Limited
Notes to the Financial Statements
Statutory Information
F I Maguire Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00642263.
Principal place of business:
4 Marton Estates Square
Stokesley Road
Marton
Middlesbrough
TS7 8DU
Registered address:
10 Grange Terrace
Sunderland
SR2 7DF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Going Concern
The financial statements have been prepared on a going concern basis as the directors believe that no material
uncertainties exist. The directors have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements and have concluded that the company is
able to continue as a going concern.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
5% Straight line
Plant and Equipment
25% Reducing balance
25% Reducing balance
Motor Vehicles
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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For the year ended 31 March 2024
F I Maguire Limited
Notes to the Financial Statements Continued
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.
Hire purchase and leasing commitments
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
2. Property, plant and equipment
Total
Motor Vehicles
Plant and
Equipment
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 April 2023
497,395
6,125
157,375
333,895
14,562
12,222
2,340
-
Additions
(6,125)
-
-
Disposals
(6,125)
At 31 March 2024
333,895
159,715
12,222
505,832
Provision for depreciation and impairment
At 01 April 2023
308,446
3,704
81,756
222,986
Charge for year
32,928
2,292
19,164
11,472
(3,704)
(3,704)
-
-
On disposal
At 31 March 2024
337,670
2,292
100,920
234,458
At 31 March 2024
Net book value
99,437
58,795
9,930
168,162
At 31 March 2023
110,909
75,619
2,421
188,949
3. Inventories
2023
2024
£
£
Stocks
70,000
70,305
4. Trade and other receivables
2023
2024
£
£
Trade debtors
153,358
176,213
Amounts owed by group undertakings and participating interests
924,933
697,365
Other debtors
39,168
45,907
919,485
1,117,459
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For the year ended 31 March 2024
F I Maguire Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,700
11,000
Trade creditors
243,164
271,833
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
110,000
110,000
Taxation and social security
74,741
22,114
Directors' loan accounts
-
5,382
Other creditors
3,959
8,138
442,564
428,467
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
11,800
21,500
7. Average number of persons employed
During the year the average number of employees were 17 (2023 : 17)
8. Parent-subsidiary relationship
The Company's parent undertaking is JS Locum Services Ltd. A company incorporated and registered in England, with a registered office at 10 Grange Terrace, Sunderland, SR2 7DF.
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