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REGISTERED NUMBER: NI003814 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

JOHN MCDOWELL LIMITED

JOHN MCDOWELL LIMITED (REGISTERED NUMBER: NI003814)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


JOHN MCDOWELL LIMITED (REGISTERED NUMBER: NI003814)

Balance Sheet
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,593 58,822

CURRENT ASSETS
Stocks 5 120,074 240,486
Debtors 6 1,990,063 2,544,094
Cash at bank 3,432,725 2,252,075
5,542,862 5,036,655
CREDITORS
Amounts falling due within one year 7 542,655 1,164,227
NET CURRENT ASSETS 5,000,207 3,872,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,046,800

3,931,250

PROVISIONS FOR LIABILITIES (8,223 ) (11,035 )

ACCRUALS AND DEFERRED INCOME (9,687 ) (12,913 )
NET ASSETS 5,028,890 3,907,302

CAPITAL AND RESERVES
Called up share capital 8 6,000 6,000
Retained earnings 5,022,890 3,901,302
SHAREHOLDERS' FUNDS 5,028,890 3,907,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JOHN MCDOWELL LIMITED (REGISTERED NUMBER: NI003814)

Balance Sheet - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Philip Gilkinson - Director


JOHN MCDOWELL LIMITED (REGISTERED NUMBER: NI003814)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

John McDowell Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address are as below:

Registered number: NI003814

Registered office: 335 Donegall Road
Belfast
Co. Antrim
BT12 6FQ

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Short leasehold - 5% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost

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.


JOHN MCDOWELL LIMITED (REGISTERED NUMBER: NI003814)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Deferred government grants
Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Long Short Plant and
leasehold leasehold machinery
£    £    £   
COST
At 1 May 2023 16,134 78,429 97,677
Additions - 5,000 -
Disposals - (5,000 ) (90,677 )
At 30 April 2024 16,134 78,429 7,000
DEPRECIATION
At 1 May 2023 2,421 78,429 52,568
Charge for year 807 - 11,802
Eliminated on disposal - - (57,370 )
At 30 April 2024 3,228 78,429 7,000
NET BOOK VALUE
At 30 April 2024 12,906 - -
At 30 April 2023 13,713 - 45,109

JOHN MCDOWELL LIMITED (REGISTERED NUMBER: NI003814)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 63,044 - 255,284
Additions - 38,500 43,500
Disposals (63,044 ) - (158,721 )
At 30 April 2024 - 38,500 140,063
DEPRECIATION
At 1 May 2023 63,044 - 196,462
Charge for year - 4,813 17,422
Eliminated on disposal (63,044 ) - (120,414 )
At 30 April 2024 - 4,813 93,470
NET BOOK VALUE
At 30 April 2024 - 33,687 46,593
At 30 April 2023 - - 58,822

5. STOCKS
30/4/24 30/4/23
£    £   
Stocks 120,074 240,486

6. DEBTORS
30/4/24 30/4/23
£    £   
Amounts falling due within one year:
Trade debtors 575,320 1,521,977
Other debtors 1,414,743 944,952
1,990,063 2,466,929

Amounts falling due after more than one year:
Other debtors - 77,165

Aggregate amounts 1,990,063 2,544,094

JOHN MCDOWELL LIMITED (REGISTERED NUMBER: NI003814)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 248,491 658,830
Tax 278,039 447,607
Social security and other taxes 4,969 21,784
Other creditors 756 30,606
Accruals and deferred income 10,400 5,400
542,655 1,164,227

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
6,000 Ordinary £1 6,000 6,000

9. PENSION COMMITMENTS

The company contributed £240,000 (2023: £NIL) into a Self-invested personal pension established for the benefit of the two directors. A further contribution of £96,370 (2023: £42,404) was made into a defined contribution insured scheme for the benefit of other staff members. There were no outstanding or prepaid contributions at the balance sheet date.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
Philip Gilkinson and Mrs Rosemary Gilkinson
Balance outstanding at start of year 555,292 215,561
Amounts advanced 272,079 523,817
Amounts repaid (161,582 ) (184,086 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 665,789 555,292