1 November 2023 false No description of principal activity Taxfiler 2024.6 true NI626339business:PrivateLimitedCompanyLtd2023-11-012024-10-31 NI6263392023-10-31 NI6263392023-11-012024-10-31 NI626339business:AuditExemptWithAccountantsReport2023-11-012024-10-31 NI626339business:FilletedAccounts2023-11-012024-10-31 NI6263392024-10-31 NI6263392023-10-31 NI626339core:WithinOneYear2024-10-31 NI626339core:WithinOneYear2023-10-31 NI626339core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 NI626339core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 NI626339core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 NI626339core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 NI626339core:PreviouslyStatedAmount2024-10-31 NI626339core:PreviouslyStatedAmount2023-10-31 NI626339business:SmallEntities2023-11-012024-10-31 NI626339business:Director12023-11-012024-10-31 NI626339countries:NorthernIreland2023-11-012024-10-31 NI626339business:RegisteredOffice2023-11-012024-10-31 NI626339core:FurnitureFittings2023-11-012024-10-31 NI626339core:Goodwill2023-10-31 NI626339core:Goodwill2024-10-31 NI626339core:FurnitureFittings2023-10-31 NI626339core:FurnitureFittings2024-10-31 NI626339business:OrdinaryShareClass12023-11-012024-10-31 NI626339business:OrdinaryShareClass12022-11-012023-10-31 NI6263392022-11-012023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI626339 (Northern Ireland)
McCrudden & Trainor Ltd Unaudited accounts for the year ended 31 October 2024
McCrudden & Trainor Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,025 
1,777 
Current assets
Debtors
100,215 
123,370 
Cash at bank and in hand
91,898 
55,848 
192,113 
179,218 
Creditors: amounts falling due within one year
(101,391)
(108,663)
Net current assets
90,722 
70,555 
Net assets
92,747 
72,332 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
92,647 
72,232 
Shareholders' funds
92,747 
72,332 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Damien Trainor Director Company Registration No. NI626339
- 2 -
McCrudden & Trainor Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
McCrudden & Trainor Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI626339. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, BT3 9DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors of McCrudden & Trainor Ltd believe that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, McCrudden & Trainor Ltd continues to adopt the going concern basis in preparation of its financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred mainly hourly staff rates and materials to date to the total estimated costs.
- 3 -
McCrudden & Trainor Ltd Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
300,000 
At 31 October 2024
300,000 
Amortisation
At 1 November 2023
300,000 
At 31 October 2024
300,000 
Net book value
At 31 October 2024
- 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2023
8,986 
Additions
1,084 
At 31 October 2024
10,070 
Depreciation
At 1 November 2023
7,209 
Charge for the year
836 
At 31 October 2024
8,045 
Net book value
At 31 October 2024
2,025 
At 31 October 2023
1,777 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
95,215 
123,370 
Other debtors
5,000 
- 
100,215 
123,370 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
16,335 
24,607 
Taxes and social security
73,682 
72,707 
Loans from directors
787 
450 
Accruals
10,587 
10,899 
101,391 
108,663 
- 4 -
McCrudden & Trainor Ltd Notes to the Accounts for the year ended 31 October 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
- 5 -