Company registration number 09372892 (England and Wales)
MARY ANN HORGAN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
MARY ANN HORGAN LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MARY ANN HORGAN LTD (REGISTERED NUMBER: 09372892)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
251,513
290,552
Cash at bank and in hand
351,122
300,666
602,635
591,218
Creditors: amounts falling due within one year
4
(43,222)
(72,164)
Net current assets
559,413
519,054
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
559,412
519,053
Total equity
559,413
519,054
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 January 2025
Ms M A Horgan
Director
MARY ANN HORGAN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information
Mary Ann Horgan Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 14 Forman House Frendsbury Road, London, England, SE4 2LB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company will cease to trade. Despite this the accounts have been prepared on a going concern basis as it would not be materially different to prepare under an alternative basis.true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover from copywriting services is recognised in the period in which the services are provided based on the work performed on an agreed rate.
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
MARY ANN HORGAN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,850
85,940
Other debtors
248,663
204,612
251,513
290,552
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
16,844
24,956
Taxation and social security
24,284
47,208
Other creditors
2,094
43,222
72,164
5
Financial commitments, guarantees and contingent liabilities
As at the balance sheet date, the balance due on the bounce back loan was £16,844 (2023: £24,956).
6
Director's transactions
As at the balance sheet date, there was an overdrawn directors' loan account balance of £3,991 (2023: £9,769), this is included within other debtors. This loan will be repaid within nine months of the year-end.