Wall of McNulty Limited 09309118 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is The principal activity of the company during the year was that of computer application development. Digita Accounts Production Advanced 6.30.9574.0 true true 09309118 2023-04-01 2024-03-31 09309118 2024-03-31 09309118 core:CurrentFinancialInstruments 2024-03-31 09309118 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09309118 bus:SmallEntities 2023-04-01 2024-03-31 09309118 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09309118 bus:FilletedAccounts 2023-04-01 2024-03-31 09309118 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09309118 bus:RegisteredOffice 2023-04-01 2024-03-31 09309118 bus:Director1 2023-04-01 2024-03-31 09309118 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09309118 countries:EnglandWales 2023-04-01 2024-03-31 09309118 2022-04-01 2023-03-31 09309118 2023-03-31 09309118 core:CurrentFinancialInstruments 2023-03-31 09309118 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09309118

Wall of McNulty Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Wall of McNulty Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

Wall of McNulty Limited

Company Information

Director

M F Farquharson

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Wall of McNulty Limited

Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

200

200

Creditors: Amounts falling due within one year

5

(142,866)

(139,387)

Net liabilities

 

(142,666)

(139,187)

Capital and reserves

 

Called up share capital

900

900

Retained earnings

(143,566)

(140,087)

Shareholders' deficit

 

(142,666)

(139,187)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 12 March 2025
 

.........................................

M F Farquharson

Director

Company registration number: 09309118

 

Wall of McNulty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company during the year was that of computer application development.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Going concern

The company made a small loss for the year ended 31 March 2024 and had a deficiency of net assets at that date of £142,666.

The company meets its day to day working capital requirements through loans from directors and shareholders, which amounted to £137,828 at the year end. No matters have been drawn to the attention of the directors to suggest that this funding will not continue on acceptable terms in the future.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

 

Wall of McNulty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

200

200

200

200

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

4,038

2,838

Accruals and deferred income

1,000

1,000

Other creditors

137,828

135,549

142,866

139,387