PAT MCCORLEY MECHANICAL SERVICES LIMITED

Company Registration Number:
NI034030 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

PAT MCCORLEY MECHANICAL SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

PAT MCCORLEY MECHANICAL SERVICES LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 378,152 301,331
Total fixed assets: 378,152 301,331
Current assets
Stocks: 2,470,000 2,195,000
Debtors:   2,100,288 2,008,318
Cash at bank and in hand: 948,055 817,975
Total current assets: 5,518,343 5,021,293
Creditors: amounts falling due within one year:   (1,850,699) (1,798,348)
Net current assets (liabilities): 3,667,644 3,222,945
Total assets less current liabilities: 4,045,796 3,524,276
Provision for liabilities: (881) (881)
Total net assets (liabilities): 4,044,915 3,523,395
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 4,044,815 3,523,295
Shareholders funds: 4,044,915 3,523,395

The notes form part of these financial statements

PAT MCCORLEY MECHANICAL SERVICES LIMITED

Balance sheet statements

For the year ending 30 April 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 19 September 2024
and signed on behalf of the board by:

Name: Mr P McCorley
Status: Director

The notes form part of these financial statements

PAT MCCORLEY MECHANICAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 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.

PAT MCCORLEY MECHANICAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 39 38

PAT MCCORLEY MECHANICAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 616,827
Additions 208,496
Disposals (7,500)
At 30 April 2024 817,823
Depreciation
At 01 May 2023 315,496
Charge for year 126,050
On disposals (1,875)
At 30 April 2024 439,671
Net book value
At 30 April 2024 378,152
At 30 April 2023 301,331