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McMullen Commercial Ltd
Registered Number:05660519
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
McMullen Commercial Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05660519
As at 31 March 2024
McMullen Commercial Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
14,309
16,834
2
14,309
16,834
Current assets
Inventories
12,847
-
3
Trade and other receivables
1,000
8,946
4
23,241
Cash and cash equivalents
17,993
26,939
37,088
Trade and other payables: amounts falling due
within one year
(43,739)
(37,396)
5
(6,651)
(10,457)
Net current liabilities
Total assets less current liabilities
3,852
10,183
3,852
Net assets
10,183
Capital and reserves
Called up share capital
2
2
Retained earnings
3,850
10,181
3,852
10,183
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Steven McMullen Director
These financial statements were approved and authorised for issue by the Board on 31 October 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2024
McMullen Commercial Ltd
Notes to the Financial Statements
Statutory Information
McMullen Commercial Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05660519.
Registered address:
Kelston Park
Kelston
Bath
BA1 9AE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 March 2024
McMullen Commercial Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 April 2023
54,777
At 31 March 2024
54,777
Provision for depreciation and impairmen
t
At 01 April 2023
37,943
Charge for year
2,525
At 31 March 2024
40,468
At 31 March 2024
Net book value
14,309
At 31 March 2023
16,834
3. Inventories
2023
2024
£
£
Stocks
-
12,847
4. Trade and other receivables
2023
2024
£
£
Trade debtors
8,247
1,000
Other debtors
699
-
1,000
8,946
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
10,466
15,889
Other creditors
26,930
27,850
37,396
43,739
6. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
3 of 4
6
For the year ended 31 March 2024
McMullen Commercial Ltd
Notes to the Financial Statements Continued
4 of 4