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REGISTERED NUMBER: 09424945 (England and Wales)











Financial Statements

for the Year Ended 29 February 2024

for

RORY MAC SWEENEY LIMITED

RORY MAC SWEENEY LIMITED (REGISTERED NUMBER: 09424945)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RORY MAC SWEENEY LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Dr R T MacSweeney





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09424945 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

RORY MAC SWEENEY LIMITED (REGISTERED NUMBER: 09424945)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,065 3,696

CURRENT ASSETS
Debtors 5 223,736 223,632
Cash at bank 22,469 7,666
246,205 231,298
CREDITORS
Amounts falling due within one year 6 49,039 50,859
NET CURRENT ASSETS 197,166 180,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,231

184,135

CAPITAL AND RESERVES
Called up share capital 7 199 199
Retained earnings 199,032 183,936
SHAREHOLDERS' FUNDS 199,231 184,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 25 November 2024 and were signed by:





Dr R T MacSweeney - Director


RORY MAC SWEENEY LIMITED (REGISTERED NUMBER: 09424945)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Rory Mac Sweeney 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents invoiced sales of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on Cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

RORY MAC SWEENEY LIMITED (REGISTERED NUMBER: 09424945)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 March 2023
and 29 February 2024 26,346
DEPRECIATION
At 1 March 2023 22,650
Charge for year 1,631
At 29 February 2024 24,281
NET BOOK VALUE
At 29 February 2024 2,065
At 28 February 2023 3,696

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machiner
etc
£   
COST
At 1 March 2023 16,800
Transfer to ownership (16,800 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 16,800
Transfer to ownership (16,800 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 55,059 55,033
Directors' current accounts 168,677 168,599
223,736 223,632

RORY MAC SWEENEY LIMITED (REGISTERED NUMBER: 09424945)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts - 1,309
Trade creditors 3,440 3,440
Tax 38,551 39,879
Social security and other taxes 3,688 2,871
Accruals and deferred income 3,360 3,360
49,039 50,859

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
98 Ordinary A Class £1 98 98
1 Ordinary B Class £1 1 1
1 Ordinary C Class £1 1 1
98 Ordinary D Class £1 98 98
1 Ordinary E Class £1 1 1
199 199

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Dr R T MacSweeney
Balance outstanding at start of year 168,599 148,758
Amounts advanced 155,546 127,297
Amounts repaid (155,468 ) (107,456 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 168,677 168,599

At the balance sheet date, the director owed an amount of £168,677 (2023: £168,599) to the company. During the period interest of £2,696 was charged at 2%/2.25% on the outstanding balance.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Dr R T MacSweeney.