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COMPANY REGISTRATION NUMBER: 3134945
McArthur Dean Training Limited
Filleted Unaudited Financial Statements
30 April 2024
McArthur Dean Training Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
427,224
420,868
Investments
7
221,631
221,631
---------
---------
648,855
642,499
Current assets
Debtors
8
63,342
57,419
Cash at bank and in hand
83,331
119,229
---------
---------
146,673
176,648
Creditors: amounts falling due within one year
9
75,128
92,313
---------
---------
Net current assets
71,545
84,335
---------
---------
Total assets less current liabilities
720,400
726,834
Creditors: amounts falling due after more than one year
10
32,926
68,169
Provisions
Taxation including deferred tax
3,874
3,168
---------
---------
Net assets
683,600
655,497
---------
---------
Capital and reserves
Called up share capital
11
4
4
Profit and loss account
683,596
655,493
---------
---------
Shareholders funds
683,600
655,497
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
McArthur Dean Training Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 13 January 2025 , and are signed on behalf of the board by:
M Dean
Director
Company registration number: 3134945
McArthur Dean Training Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hayes Chambers, Old Custom House, Market Place, Hull, East Yorkshire, HU1 1RT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less, or to receive more tax.
Tangible assets
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 13 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
7,613
7,162
Deferred tax:
Origination and reversal of timing differences
706
( 1,057)
-------
-------
Tax on profit
8,319
6,105
-------
-------
6. Tangible assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 May 2023
404,189
222,534
626,723
Additions
10,522
10,522
---------
---------
---------
At 30 April 2024
404,189
233,056
637,245
---------
---------
---------
Depreciation
At 1 May 2023
205,855
205,855
Charge for the year
4,166
4,166
---------
---------
---------
At 30 April 2024
210,021
210,021
---------
---------
---------
Carrying amount
At 30 April 2024
404,189
23,035
427,224
---------
---------
---------
At 30 April 2023
404,189
16,679
420,868
---------
---------
---------
7. Investments
Other investments
£
Cost
At 1 May 2023 and 30 April 2024
221,631
---------
Impairment
At 1 May 2023 and 30 April 2024
---------
Carrying amount
At 30 April 2024
221,631
---------
At 30 April 2023
221,631
---------
8. Debtors
2024
2023
£
£
Other debtors
63,342
57,419
--------
--------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
33,330
31,417
Trade creditors
21,776
34,447
Accruals and deferred income
3,000
2,600
Corporation tax
7,613
7,162
Social security and other taxes
7,415
8,505
Director loan accounts
553
6,553
Other creditors
1,441
1,629
--------
--------
75,128
92,313
--------
--------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
32,926
68,169
--------
--------
The bank loans are secured by a fixed and floating charge over the assets of the company.
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
4
4
4
4
----
----
----
----
12. Directors' advances, credits and guarantees
During the year there were no directors' advances, credits and guarantees.