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Company Registration No. 04358343 (England and Wales)
McCulloch Contracts Ltd Unaudited accounts for the year ended 29 February 2024
McCulloch Contracts Ltd Unaudited accounts Contents
Page
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McCulloch Contracts Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
87 
3,507 
Current assets
Inventories
100 
100 
Debtors
16,162 
44,260 
Cash at bank and in hand
171,565 
118,218 
187,827 
162,578 
Creditors: amounts falling due within one year
(95,815)
(65,663)
Net current assets
92,012 
96,915 
Total assets less current liabilities
92,099 
100,422 
Provisions for liabilities
Deferred tax
(17)
(667)
Net assets
92,082 
99,755 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
91,982 
99,655 
Shareholders' funds
92,082 
99,755 
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by
N McCulloch Director Company Registration No. 04358343
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McCulloch Contracts Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
McCulloch Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 04358343. The registered office is 29 MYLN MEADOW, STOCK, INGATESTONE, ESSEX, CM4 9NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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McCulloch Contracts Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
3,547 
35,090 
38,637 
At 29 February 2024
3,547 
35,090 
38,637 
Depreciation
At 1 March 2023
2,965 
32,165 
35,130 
Charge for the year
495 
2,925 
3,420 
At 29 February 2024
3,460 
35,090 
38,550 
Net book value
At 29 February 2024
87 
- 
87 
At 28 February 2023
582 
2,925 
3,507 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,162 
44,260 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,227 
4,789 
Trade creditors
2,900 
4,191 
Taxes and social security
7,356 
10,661 
Other creditors
25,193 
3,621 
Loans from directors
52,708 
40,961 
Accruals
1,431 
1,440 
95,815 
65,663 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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