McFarland Services Limited 09564213 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true 09564213 2023-05-01 2024-04-30 09564213 2024-04-30 09564213 core:RetainedEarningsAccumulatedLosses 2024-04-30 09564213 core:ShareCapital 2024-04-30 09564213 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 09564213 bus:SmallEntities 2023-05-01 2024-04-30 09564213 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09564213 bus:FullAccounts 2023-05-01 2024-04-30 09564213 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09564213 bus:RegisteredOffice 2023-05-01 2024-04-30 09564213 bus:Director2 2023-05-01 2024-04-30 09564213 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09564213 core:Goodwill 2023-05-01 2024-04-30 09564213 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 09564213 core:MotorVehicles 2023-05-01 2024-04-30 09564213 countries:England 2023-05-01 2024-04-30 09564213 2023-04-30 09564213 2022-05-01 2023-04-30 09564213 2023-04-30 09564213 core:RetainedEarningsAccumulatedLosses 2023-04-30 09564213 core:ShareCapital 2023-04-30 09564213 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 09564213

McFarland Services Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

McFarland Services Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

McFarland Services Limited

(Registration number: 09564213)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

175,540

Tangible assets

5

-

100,379

 

-

275,919

Current assets

 

Stocks

-

76,944

Debtors

-

53,162

Cash at bank and in hand

 

793,794

210,923

 

793,794

341,029

Creditors: Amounts falling due within one year

(236,219)

(263,627)

Net current assets

 

557,575

77,402

Total assets less current liabilities

 

557,575

353,321

Provisions for liabilities

-

(15,248)

Net assets

 

557,575

338,073

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

557,475

337,973

Total equity

 

557,575

338,073

 

McFarland Services Limited

(Registration number: 09564213)
Abridged Balance Sheet as at 30 April 2024

For the financial 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.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 29 January 2025 and signed on its behalf by:
 

Mr J McFarland

Director

 

McFarland Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
25/25A Princes Street
Dunstable
Bedfordshire
LU6 3AS

These financial statements were authorised for issue by the Board on 29 January 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% reducing balance

Fixtures and fittings

15% reducing balance

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

McFarland Services Limited

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

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 22 (2023 - 36).

4

Intangible assets

Total
£

Cost or valuation

At 1 May 2023

292,566

Disposals

(292,566)

At 30 April 2024

-

Amortisation

At 1 May 2023

117,026

Amortisation eliminated on disposals

(117,026)

At 30 April 2024

-

Carrying amount

At 30 April 2024

-

At 30 April 2023

175,540

5

Tangible assets

Total
£

Cost or valuation

At 1 May 2023

233,853

Additions

6,624

Disposals

(240,477)

At 30 April 2024

-

Depreciation

At 1 May 2023

133,476

Eliminated on disposal

(133,476)

At 30 April 2024

-

Carrying amount

At 30 April 2024

-

At 30 April 2023

100,379

 

McFarland Services Limited

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

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £36,600).