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REGISTERED NUMBER: 04170451 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MCDONAGH LIMITED

MCDONAGH LIMITED (REGISTERED NUMBER: 04170451)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MCDONAGH LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: J M McDonagh
Mrs B A McDonagh



SECRETARY: Mrs B A McDonagh



REGISTERED OFFICE: Sandy Brae Stoneleigh Road
Blackdown
Leamington Spa
Warwickshire
CV32 6QR



REGISTERED NUMBER: 04170451 (England and Wales)



BANKERS: Santander
AN Business Banking
21 Prescot Street
London
E1 8AD

MCDONAGH LIMITED (REGISTERED NUMBER: 04170451)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,022 1,791
Investments 5 593,000 593,000
603,022 594,791

CURRENT ASSETS
Stocks 36,948 29,772
Debtors 5,628 1,732
Cash at bank 410,200 319,143
452,776 350,647
CREDITORS
Amounts falling due within one year 1,274,155 1,293,166
NET CURRENT LIABILITIES (821,379 ) (942,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(218,357

)

(347,728

)

PROVISIONS FOR LIABILITIES 2,506 -
NET LIABILITIES (220,863 ) (347,728 )

CAPITAL AND RESERVES
Called up share capital 6 4 4
Retained earnings (220,867 ) (347,732 )
SHAREHOLDERS' FUNDS (220,863 ) (347,728 )

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.

MCDONAGH LIMITED (REGISTERED NUMBER: 04170451)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2024 and were signed on its behalf by:




J M McDonagh - Director



Mrs B A McDonagh - Director


MCDONAGH LIMITED (REGISTERED NUMBER: 04170451)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

McDonagh 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 the provisions of Section 1A "Small Entities" 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 are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

At the balance sheet date the company had net current liabilities of £821,379 (2023 - £942,519), and total net liabilities of £220,863 (2023 - £347,728). The directors have expressed their willingness to support the company as necessary and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

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

MCDONAGH LIMITED (REGISTERED NUMBER: 04170451)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 15,858
Additions 12,208
Disposals (4,500 )
At 30 June 2024 23,566
DEPRECIATION
At 1 July 2023 14,067
Charge for year 3,377
Eliminated on disposal (3,900 )
At 30 June 2024 13,544
NET BOOK VALUE
At 30 June 2024 10,022
At 30 June 2023 1,791

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023
and 30 June 2024 593,000
NET BOOK VALUE
At 30 June 2024 593,000
At 30 June 2023 593,000

Market value of listed investments £828,073 (2023 - £715,152).

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 'A' Ordinary £1 2 2
1 'B' Ordinary (non voting) £1 1 1
1 'C' Ordinary (non voting) £1 1 1
4 4

MCDONAGH LIMITED (REGISTERED NUMBER: 04170451)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the directors. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £100,000 (2023 - £120,000).

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.