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REGISTERED NUMBER: 08364253 (England and Wales)















Mctlaw Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Mctlaw Limited (Registered number: 08364253)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mctlaw Limited

Company Information
for the Year Ended 30 April 2024







Directors: R McTaggart
J D Pryce





Registered office: 36a Park Place
Cardiff
CF10 3BB





Registered number: 08364253 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Mctlaw Limited (Registered number: 08364253)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,225 3,359
2,225 3,359

Current assets
Debtors 6 254,899 256,022
Cash at bank and in hand 124,425 23,751
379,324 279,773
Creditors
Amounts falling due within one year 7 (94,031 ) (90,939 )
Net current assets 285,293 188,834
Total assets less current liabilities 287,518 192,193

Capital and reserves
Called up share capital 2 2
Retained earnings 287,516 192,191
287,518 192,193

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.

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 29 January 2025 and were signed on its behalf by:





R McTaggart - Director


Mctlaw Limited (Registered number: 08364253)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Mctlaw Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials as a proportion of total costs.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures & Fittings - 20% straight line
Computer Equipment - 33% straight line

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Mctlaw Limited (Registered number: 08364253)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. Accounting policies - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short term liquid investments with original maturities of three months or less.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 800,000
Amortisation
At 1 May 2023
and 30 April 2024 800,000
Net book value
At 30 April 2024 -
At 30 April 2023 -

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 May 2023 54,352 68,249 122,601
Additions - 869 869
At 30 April 2024 54,352 69,118 123,470
Depreciation
At 1 May 2023 54,352 64,890 119,242
Charge for year - 2,003 2,003
At 30 April 2024 54,352 66,893 121,245
Net book value
At 30 April 2024 - 2,225 2,225
At 30 April 2023 - 3,359 3,359

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 120,561 123,782
Other debtors 71,792 71,808
Prepayments 62,546 60,432
254,899 256,022

Mctlaw Limited (Registered number: 08364253)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 3,442 5,369
Tax 28,112 17,010
Social security and other taxes 6,791 8,427
VAT 46,895 51,483
Other creditors 1,212 1,212
Accruals and deferred income 7,579 7,438
94,031 90,939

8. Directors' advances, credits and guarantees

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

2024 2023
£    £   
M Jones
Balance outstanding at start of year - -
Amounts advanced - 54,595
Amounts repaid - (54,595 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

R McTaggart
Balance outstanding at start of year - -
Amounts advanced 81,261 116,528
Amounts repaid (81,261 ) (116,528 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -