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REGISTERED NUMBER: 06386199 (England and Wales)















McCarthy Environmental Limited

Unaudited Financial Statements for the Year Ended 31st May 2024






McCarthy Environmental Limited (Registered number: 06386199)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McCarthy Environmental Limited

Company Information
for the Year Ended 31st May 2024







DIRECTOR: M C McCarthy





SECRETARY: Courts Accountancy Services Limited





REGISTERED OFFICE: Unit 9B Cygnet Court
Swan Valley Way
Northampton
NN4 9BS





REGISTERED NUMBER: 06386199 (England and Wales)





ACCOUNTANTS: Courts Accountancy Services Ltd
Investment House
24 Vicarage Road
Winslow
Buckinghamshire
MK18 3BE

McCarthy Environmental Limited (Registered number: 06386199)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 605,493 245,695
605,493 245,695

CURRENT ASSETS
Stocks 293,369 367,164
Debtors 6 1,282,542 1,120,381
Cash at bank 8,455 707,573
1,584,366 2,195,118
CREDITORS
Amounts falling due within one year 7 661,079 753,719
NET CURRENT ASSETS 923,287 1,441,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,528,780

1,687,094

CREDITORS
Amounts falling due after more than
one year

8

373,006

176,834
NET ASSETS 1,155,774 1,510,260

McCarthy Environmental Limited (Registered number: 06386199)

Balance Sheet - continued
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,155,674 1,510,160
1,155,774 1,510,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14th February 2025 and were signed by:





M C McCarthy - Director


McCarthy Environmental Limited (Registered number: 06386199)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

McCarthy Environmental 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


McCarthy Environmental Limited (Registered number: 06386199)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 115,456
AMORTISATION
At 1st June 2023
and 31st May 2024 115,456
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

McCarthy Environmental Limited (Registered number: 06386199)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2023 - 523,326 523,326
Additions 400,000 52,747 452,747
Disposals - (100,109 ) (100,109 )
At 31st May 2024 400,000 475,964 875,964
DEPRECIATION
At 1st June 2023 - 277,631 277,631
Charge for year - 68,499 68,499
Eliminated on disposal - (75,659 ) (75,659 )
At 31st May 2024 - 270,471 270,471
NET BOOK VALUE
At 31st May 2024 400,000 205,493 605,493
At 31st May 2023 - 245,695 245,695

6. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 1,247,998 1,003,202
Other debtors - 82,635
1,247,998 1,085,837

Amounts falling due after more than one year:
Other debtors 34,544 34,544

Aggregate amounts 1,282,542 1,120,381

McCarthy Environmental Limited (Registered number: 06386199)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 12,123 12,123
Trade creditors 525,421 454,678
Taxation and social security 119,516 276,573
Other creditors 4,019 10,345
661,079 753,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 82,500 117,334
Hire purchase contracts 47,378 59,500
Other creditors 243,128 -
373,006 176,834

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

31.5.24 31.5.23
£    £   
M C McCarthy
Balance outstanding at start of year - 18,549
Amounts advanced - 106,300
Amounts repaid - (124,849 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -