Registered Number:00642263 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
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
F I Maguire Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
168,162
188,949
2
168,162
188,949
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
1,450
1,450
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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For the year ended 31 March 2024
F I Maguire Limited
Statement of Financial Position Continued
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
10 Grange Terrace
Sunderland
SR2 7DF
The presentation currency is £ sterling. |
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. |
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
Plant and Equipment
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 |
Motor Vehicles
497,395
6,125
157,375
333,895
14,562
12,222
2,340
-
(6,125)
-
-
(6,125)
333,895
159,715
12,222
505,832
Provision for depreciation and impairment |
308,446
3,704
81,756
222,986
Charge for year
32,928
2,292
19,164
11,472
(3,704)
(3,704)
-
-
337,670
2,292
100,920
234,458
99,437
58,795
9,930
168,162
110,909
75,619
2,421
188,949
2023
2024
70,000
70,305
4. Trade and other receivables |
2023
2024
153,358
176,213
Amounts owed by group undertakings and participating interests |
924,933
697,365
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
10,700
11,000
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
-
5,382
3,959
8,138
442,564
428,467
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
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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