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REGISTERED NUMBER: 11365662 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

MCCOLLUM CONSULTANTS LTD

MCCOLLUM CONSULTANTS LTD (REGISTERED NUMBER: 11365662)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCCOLLUM CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Prof C N McCollum
R D Williams-Lees





REGISTERED OFFICE: The Lodge
858 Wilmslow Road
Didsbury
Manchester
M20 2AU





REGISTERED NUMBER: 11365662 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

MCCOLLUM CONSULTANTS LTD (REGISTERED NUMBER: 11365662)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 289,850 23,357
Tangible assets 5 110,978 116,327
Investments 6 661,298 1,005,000
1,062,126 1,144,684

CURRENT ASSETS
Stocks - 393,370
Debtors 7 1,236,902 489,515
Cash at bank and in hand 5,883 30,689
1,242,785 913,574
CREDITORS
Amounts falling due within one year 8 1,855,152 1,630,643
NET CURRENT LIABILITIES (612,367 ) (717,069 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,759

427,615

CREDITORS
Amounts falling due after more than one year 9 (15,833 ) (25,833 )

PROVISIONS FOR LIABILITIES (29,249 ) (31,965 )
NET ASSETS 404,677 369,817

CAPITAL AND RESERVES
Called up share capital 10 1,095 1,095
Share premium 189,905 189,905
Retained earnings 213,677 178,817
SHAREHOLDERS' FUNDS 404,677 369,817

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

MCCOLLUM CONSULTANTS LTD (REGISTERED NUMBER: 11365662)

BALANCE SHEET - continued
31 MAY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





Prof C N McCollum - Director


MCCOLLUM CONSULTANTS LTD (REGISTERED NUMBER: 11365662)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Mccollum Consultants Ltd 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 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Brand and website design incurred after the initial software development is being amortised at 20% reducing balance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 5 years
Plant and machinery - 25% on cost and 20% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Where cost exceeded the underlying assets due to goodwill purchased, this goodwill has been capitalised and is being amortised over its expected useful life of 5 years.

Stocks
Work in Progress is valued at the lower of cost and net realisable value.

Cost relates to goods and labour in bringing work in progress to its present condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MCCOLLUM CONSULTANTS LTD (REGISTERED NUMBER: 11365662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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 15 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023 - 58,074 58,074
Reclassification/transfer 343,702 - 343,702
At 31 May 2024 343,702 58,074 401,776
AMORTISATION
At 1 June 2023 - 34,717 34,717
Charge for year 68,740 8,469 77,209
At 31 May 2024 68,740 43,186 111,926
NET BOOK VALUE
At 31 May 2024 274,962 14,888 289,850
At 31 May 2023 - 23,357 23,357

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 14,778 5,309 2,841
Additions - - -
Disposals - - -
At 31 May 2024 14,778 5,309 2,841
DEPRECIATION
At 1 June 2023 2,956 2,891 611
Charge for year 2,955 981 407
Eliminated on disposal - - -
At 31 May 2024 5,911 3,872 1,018
NET BOOK VALUE
At 31 May 2024 8,867 1,437 1,823
At 31 May 2023 11,822 2,418 2,230

MCCOLLUM CONSULTANTS LTD (REGISTERED NUMBER: 11365662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 63,277 50,236 136,441
Additions 53,340 5,922 59,262
Disposals (32,763 ) (4,311 ) (37,074 )
At 31 May 2024 83,854 51,847 158,629
DEPRECIATION
At 1 June 2023 4,450 9,206 20,114
Charge for year 18,291 10,494 33,128
Eliminated on disposal (4,095 ) (1,496 ) (5,591 )
At 31 May 2024 18,646 18,204 47,651
NET BOOK VALUE
At 31 May 2024 65,208 33,643 110,978
At 31 May 2023 58,827 41,030 116,327

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023 1,005,000
Reclassification/transfer (343,702 )
At 31 May 2024 661,298
NET BOOK VALUE
At 31 May 2024 661,298
At 31 May 2023 1,005,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Cardiovascular Advisors Ltd
Registered office: in UK
Nature of business: Dormant from 31/5/23
%
Class of shares: holding
Ordinary 100.00
31.5.24 31.5.23
£    £   
Aggregate capital and reserves 661,298 661,298
Profit for the year - 119,254

The trade of the subsidiary have been transferred to the company and the difference between the purchase price of the subsidiary and the net assets has been transferred to Goodwill and is being written off over 5 years.

MCCOLLUM CONSULTANTS LTD (REGISTERED NUMBER: 11365662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,001,154 446,332
Other debtors 58,826 263
Directors' current accounts 99,650 -
Prepayments 77,272 42,920
1,236,902 489,515

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,623 10,000
Trade creditors 426,583 248,636
Amounts owed to group undertakings 660,863 832,151
Tax 78,368 13,609
Social security and other taxes 13,042 11,319
VAT 236,056 63,169
Other creditors 111,076 297,155
Directors' current accounts 873 23,762
Deferred income 49,103 -
Accrued expenses 230,565 130,842
1,855,152 1,630,643

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,833 15,833
15,833 25,833

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,450 Ordinary £0.10 1,045 1,045
500 Ordinary A £0.10 50 50
1,095 1,095

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Prof C N McCollum
Balance outstanding at start of year (23,762 ) (123,257 )
Amounts advanced 22,890 99,495
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (872 ) (23,762 )

MCCOLLUM CONSULTANTS LTD (REGISTERED NUMBER: 11365662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R D Williams-Lees
Balance outstanding at start of year - 120,659
Amounts advanced 99,650 -
Amounts repaid - (120,659 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,650 -

Interest of 2.25% pa is being charged on the balance and is calculated monthly

12. RELATED PARTY DISCLOSURES

During the year the company owed money to Cardiovascular Advisors Limited a wholly pwned subsidiary. The balance at the year end was £660,863.

During the year the company borrowed money from a company controlled by a director. The amount outstanding at the year end was £101,593 in other creditors

The company made payments on behalf of a company controlled by a director, the amount outstanding at the year end was £55,387. It had also agreed to purchase goods valued at £45,988, which is included in accruals