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REGISTERED NUMBER: NI661400 (Northern Ireland)











McDermott Concrete Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






McDermott Concrete Ltd (Registered number: NI661400)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


McDermott Concrete Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: L McDermott





REGISTERED OFFICE: 76A Ballymoney Road
Banbridge
Co. Down
BT32 4DX





REGISTERED NUMBER: NI661400 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

McDermott Concrete Ltd

Report of the Accountants to the Director of
McDermott Concrete Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


21 November 2024

McDermott Concrete Ltd (Registered number: NI661400)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,000
Tangible assets 5 97,509 97,950
97,509 101,950

CURRENT ASSETS
Stocks 28,150 26,250
Debtors 6 221,419 219,630
Cash at bank 45,925 103,894
295,494 349,774
CREDITORS
Amounts falling due within one year 7 252,367 333,186
NET CURRENT ASSETS 43,127 16,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,636

118,538

CREDITORS
Amounts falling due after more than
one year

8

(55,431

)

(61,884

)

PROVISIONS FOR LIABILITIES (19,950 ) (15,283 )
NET ASSETS 65,255 41,371

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 65,254 41,370
SHAREHOLDERS' FUNDS 65,255 41,371

McDermott Concrete Ltd (Registered number: NI661400)

Balance Sheet - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 21 November 2024 and were signed by:





L McDermott - Director


McDermott Concrete Ltd (Registered number: NI661400)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

McDermott Concrete Ltd is a private company, limited by shares , registered in Northern Ireland. 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


McDermott Concrete Ltd (Registered number: NI661400)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 20,000
AMORTISATION
At 1 June 2023 16,000
Amortisation for year 4,000
At 31 May 2024 20,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 4,000

McDermott Concrete Ltd (Registered number: NI661400)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023 159,965 510 160,475
Additions 48,000 - 48,000
Disposals (47,000 ) - (47,000 )
At 31 May 2024 160,965 510 161,475
DEPRECIATION
At 1 June 2023 62,224 301 62,525
Charge for year 24,335 42 24,377
Eliminated on disposal (22,936 ) - (22,936 )
At 31 May 2024 63,623 343 63,966
NET BOOK VALUE
At 31 May 2024 97,342 167 97,509
At 31 May 2023 97,741 209 97,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 221,419 219,630

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,448 28,428
Hire purchase contracts 26,315 30,359
Trade creditors 190,446 259,240
Taxation and social security 12,770 553
Other creditors 3,388 14,606
252,367 333,186

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 55,431 61,884