MCILHATTON & CO. LTD

Company Registration Number:
NI024899 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

MCILHATTON & CO. LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

MCILHATTON & CO. LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 311,928 322,470
Total fixed assets: 311,928 322,470
Current assets
Stocks: 271,796 406,028
Debtors:   96,155 27,245
Cash at bank and in hand: 635,898 526,885
Total current assets: 1,003,849 960,158
Creditors: amounts falling due within one year:   (807,482) (819,104)
Net current assets (liabilities): 196,367 141,054
Total assets less current liabilities: 508,295 463,524
Creditors: amounts falling due after more than one year:   (39,818) (69,152)
Provision for liabilities: (27,441) (27,441)
Total net assets (liabilities): 441,036 366,931
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 431,036 356,931
Shareholders funds: 441,036 366,931

The notes form part of these financial statements

MCILHATTON & CO. LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 November 2024
and signed on behalf of the board by:

Name: Mr P McIlhatton
Status: Director

The notes form part of these financial statements

MCILHATTON & CO. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life.

MCILHATTON & CO. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 18 22

MCILHATTON & CO. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 766,570
Additions 31,937
At 31 March 2024 798,507
Depreciation
At 01 April 2023 444,100
Charge for year 42,479
At 31 March 2024 486,579
Net book value
At 31 March 2024 311,928
At 31 March 2023 322,470