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REGISTERED NUMBER: NI065431 (Northern Ireland)














Report of the Director and

Unaudited Financial Statements

for the Year Ended 30 June 2024

for

MCLORINAN CONSULTING LIMITED

MCLORINAN CONSULTING LIMITED (REGISTERED NUMBER: NI065431)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


MCLORINAN CONSULTING LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: D McLorinan





SECRETARY: W C McLorinan





REGISTERED OFFICE: Unit 5
Forty Eight North
Duncrue Street
Belfast
BT3 9BJ





REGISTERED NUMBER: NI065431 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

MCLORINAN CONSULTING LIMITED (REGISTERED NUMBER: NI065431)

Report of the Director
FOR THE YEAR ENDED 30 JUNE 2024


The director presents his report with the financial statements of the company for the year ended 30 June 2024.

DIRECTOR
D McLorinan held office during the whole of the period from 1 July 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D McLorinan - Director


12 February 2025

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
McLorinan Consulting Limited




In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 30 June 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH


12 February 2025

MCLORINAN CONSULTING LIMITED (REGISTERED NUMBER: NI065431)

Income Statement
FOR THE YEAR ENDED 30 JUNE 2024

30/6/24 30/6/23
Notes £    £   

TURNOVER 1,266,215 1,020,818

Cost of sales (138,706 ) (132,818 )
GROSS PROFIT 1,127,509 888,000

Administrative expenses (968,844 ) (806,211 )
OPERATING PROFIT 4 158,665 81,789


Interest payable and similar expenses (2,836 ) (1,696 )
PROFIT BEFORE TAXATION 155,829 80,093

Tax on profit (39,433 ) (13,182 )
PROFIT FOR THE FINANCIAL YEAR 116,396 66,911

MCLORINAN CONSULTING LIMITED (REGISTERED NUMBER: NI065431)

Balance Sheet
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 105,916 64,828

CURRENT ASSETS
Stocks 12,335 12,955
Debtors 6 375,546 236,932
Cash at bank and in hand 27,522 62,175
415,403 312,062
CREDITORS
Amounts falling due within one year 7 241,139 188,872
NET CURRENT ASSETS 174,264 123,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,180

188,018

CREDITORS
Amounts falling due after more than one
year

8

(26,197

)

(19,167

)

PROVISIONS FOR LIABILITIES (22,792 ) (10,056 )
NET ASSETS 231,191 158,795

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 231,189 158,793
231,191 158,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MCLORINAN CONSULTING LIMITED (REGISTERED NUMBER: NI065431)

Balance Sheet - continued
30 JUNE 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 12 February 2025 and were signed by:





D McLorinan - Director


MCLORINAN CONSULTING LIMITED (REGISTERED NUMBER: NI065431)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

McLorinan Consulting Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

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.

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.

MCLORINAN CONSULTING LIMITED (REGISTERED NUMBER: NI065431)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 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 21 (2023 - 17 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30/6/24 30/6/23
£    £   
Depreciation - owned assets 21,839 21,227

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 135,073 9,472 118,888 47,925 311,358
Additions 35,433 1 35,495 2,619 73,548
Disposals (90,678 ) (5,115 ) (8,394 ) (33,605 ) (137,792 )
At 30 June 2024 79,828 4,358 145,989 16,939 247,114
DEPRECIATION
At 1 July 2023 102,707 8,256 92,878 42,689 246,530
Charge for year 11,411 232 7,749 2,447 21,839
Eliminated on disposal (80,397 ) (5,032 ) (7,921 ) (33,821 ) (127,171 )
At 30 June 2024 33,721 3,456 92,706 11,315 141,198
NET BOOK VALUE
At 30 June 2024 46,107 902 53,283 5,624 105,916
At 30 June 2023 32,366 1,216 26,010 5,236 64,828

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 343,506 205,359
Other debtors 32,040 31,573
375,546 236,932

MCLORINAN CONSULTING LIMITED (REGISTERED NUMBER: NI065431)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,808 7,163
Trade creditors 42,893 62,268
Taxation and social security 148,125 88,624
Other creditors 30,313 20,817
241,139 188,872

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans 9,830 19,167
Hire purchase contracts 16,367 -
26,197 19,167