L & D Maguire Limited 04177734 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is building company Digita Accounts Production Advanced 6.30.9574.0 true 04177734 2023-04-01 2024-03-31 04177734 2024-03-31 04177734 core:RetainedEarningsAccumulatedLosses 2024-03-31 04177734 core:ShareCapital 2024-03-31 04177734 core:CurrentFinancialInstruments 2024-03-31 04177734 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04177734 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 04177734 core:FurnitureFittingsToolsEquipment 2024-03-31 04177734 core:MotorVehicles 2024-03-31 04177734 core:OtherPropertyPlantEquipment 2024-03-31 04177734 bus:SmallEntities 2023-04-01 2024-03-31 04177734 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04177734 bus:FullAccounts 2023-04-01 2024-03-31 04177734 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04177734 bus:RegisteredOffice 2023-04-01 2024-03-31 04177734 bus:Director2 2023-04-01 2024-03-31 04177734 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04177734 core:ComputerEquipment 2023-04-01 2024-03-31 04177734 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04177734 core:MotorVehicles 2023-04-01 2024-03-31 04177734 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 04177734 core:PlantMachinery 2023-04-01 2024-03-31 04177734 countries:EnglandWales 2023-04-01 2024-03-31 04177734 2023-03-31 04177734 core:FurnitureFittingsToolsEquipment 2023-03-31 04177734 core:MotorVehicles 2023-03-31 04177734 core:OtherPropertyPlantEquipment 2023-03-31 04177734 2022-04-01 2023-03-31 04177734 2023-03-31 04177734 core:RetainedEarningsAccumulatedLosses 2023-03-31 04177734 core:ShareCapital 2023-03-31 04177734 core:CurrentFinancialInstruments 2023-03-31 04177734 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04177734 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 04177734 core:FurnitureFittingsToolsEquipment 2023-03-31 04177734 core:MotorVehicles 2023-03-31 04177734 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04177734

L & D Maguire Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

L & D Maguire Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

L & D Maguire Limited

Company Information

Director

Mr D M Maguire

Registered office

7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

L & D Maguire Limited

(Registration number: 04177734)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

38,303

45,592

Current assets

 

Debtors

5

3,669

14,387

Cash at bank and in hand

 

7,483

4,312

 

11,152

18,699

Creditors: Amounts falling due within one year

6

(33,244)

(40,114)

Net current liabilities

 

(22,092)

(21,415)

Total assets less current liabilities

 

16,211

24,177

Creditors: Amounts falling due after more than one year

6

(6,305)

(10,876)

Provisions for liabilities

(7,277)

(8,662)

Net assets

 

2,629

4,639

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,529

4,539

Shareholders' funds

 

2,629

4,639

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 September 2024
 

.........................................
Mr D M Maguire
Director

 

L & D Maguire Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

L & D Maguire Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on written down value

Motor vehicles

25% on written down value

Computer equipment

15% on written down value

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).

 

L & D Maguire Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

2,162

81,335

3,224

86,721

Additions

1,312

3,200

410

4,922

At 31 March 2024

3,474

84,535

3,634

91,643

Depreciation

At 1 April 2023

1,744

38,205

1,180

41,129

Charge for the year

263

11,582

366

12,211

At 31 March 2024

2,007

49,787

1,546

53,340

Carrying amount

At 31 March 2024

1,467

34,748

2,088

38,303

At 31 March 2023

418

43,130

2,044

45,592

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

8,876

Prepayments

482

-

Other debtors

3,187

5,511

 

3,669

14,387

 

L & D Maguire Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

4,398

4,398

Taxation and social security

 

12,969

6,657

Accruals and deferred income

 

1,969

1,908

Other creditors

 

13,908

27,151

 

33,244

40,114

2024
£

2023
£

Current loans and borrowings

Other borrowings

4,398

4,398

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6,305

10,876