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Registered Number: 07770174


 

 

 

MCKAY HEALTHCARE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Myrtle Gund Ltd
31 October 2023



....................................................

Myrtle Gund Ltd

248 Lockwood Road

Huddersfield
HD1 3TG
27 January 2025
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 464,999    496,249 
Tangible fixed assets 4 195,686    200,356 
660,685    696,605 
Current assets      
Stocks 12,000    12,000 
Debtors 283,313    354,204 
Cash at bank and in hand 563,713    238,260 
859,026    604,464 
Creditors: amount falling due within one year (1,019,879)   (716,457)
Net current assets (160,853)   (111,993)
 
Total assets less current liabilities 499,832    584,612 
Creditors: amount falling due after more than one year (341,098)   (431,682)
Net assets 158,734    152,930 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 158,634    152,830 
Shareholders' funds 158,734    152,930 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 27 January 2025 and were signed on its behalf by:


-------------------------------
Rizwan Ali
Director
2
General Information
MCKAY HEALTHCARE LTD is a private company, limited by shares, registered in , registration number 07770174, registration address 3 HIGH STREET, SILKSTONE, BARNSLEY, S75 4JH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
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:
Land and Buildings 2% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 7 (2022 : 7).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2022 624,999    624,999 
Additions  
Disposals  
At 31 October 2023 624,999    624,999 
Amortisation
At 01 November 2022 128,750    128,750 
Charge for year 31,250    31,250 
On disposals  
At 31 October 2023 160,000    160,000 
Net book values
At 31 October 2023 464,999    464,999 
At 31 October 2022 496,249    496,249 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 November 2022 200,000    24,863    224,863 
Additions    
Disposals    
At 31 October 2023 200,000    24,863    224,863 
Depreciation
At 01 November 2022 7,920    16,587    24,507 
Charge for year 3,842    828    4,670 
On disposals    
At 31 October 2023 11,762    17,415    29,177 
Net book values
Closing balance as at 31 October 2023 188,238    7,448    195,686 
Opening balance as at 01 November 2022 192,080    8,276    200,356 


3