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
Tangible assets
2,025
1,777
Cash at bank and in hand
91,898
55,848
Creditors: amounts falling due within one year
(101,391)
(108,663)
Net current assets
90,722
70,555
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
McCrudden & Trainor Ltd
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
McCrudden & Trainor Ltd
Notes to the Accounts
for the year ended 31 October 2024
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Intangible fixed assets
Goodwill
At 1 November 2023
300,000
At 31 October 2024
300,000
At 1 November 2023
300,000
At 31 October 2024
300,000
5
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
95,215
123,370
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
73,682
72,707
Loans from directors
787
450
McCrudden & Trainor Ltd
Notes to the Accounts
for the year ended 31 October 2024
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).