Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30falsefalse52023-07-01falseThe principal activity of the company during the year was that of the construction of commercial buildings.6trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08122141 2023-07-01 2024-06-30 08122141 2022-07-01 2023-06-30 08122141 2024-06-30 08122141 2023-06-30 08122141 c:Director1 2023-07-01 2024-06-30 08122141 c:Director3 2023-07-01 2024-06-30 08122141 c:Director3 2024-06-30 08122141 c:RegisteredOffice 2023-07-01 2024-06-30 08122141 d:PlantMachinery 2023-07-01 2024-06-30 08122141 d:PlantMachinery 2024-06-30 08122141 d:PlantMachinery 2023-06-30 08122141 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08122141 d:MotorVehicles 2023-07-01 2024-06-30 08122141 d:FurnitureFittings 2023-07-01 2024-06-30 08122141 d:OfficeEquipment 2023-07-01 2024-06-30 08122141 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08122141 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08122141 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 08122141 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 08122141 d:ShareCapital 2024-06-30 08122141 d:ShareCapital 2023-06-30 08122141 d:SharePremium 2024-06-30 08122141 d:SharePremium 2023-06-30 08122141 d:RetainedEarningsAccumulatedLosses 2024-06-30 08122141 d:RetainedEarningsAccumulatedLosses 2023-06-30 08122141 c:FRS102 2023-07-01 2024-06-30 08122141 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08122141 c:AbridgedAccounts 2023-07-01 2024-06-30 08122141 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08122141 d:WithinOneYear 2024-06-30 08122141 d:WithinOneYear 2023-06-30 08122141 d:BetweenOneFiveYears 2024-06-30 08122141 d:BetweenOneFiveYears 2023-06-30 08122141 2 2023-07-01 2024-06-30 08122141 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 08122141 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 08122141 d:LeasedAssetsHeldAsLessee 2024-06-30 08122141 d:LeasedAssetsHeldAsLessee 2023-06-30 08122141 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 08122141









MCVEIGH OFFSITE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MCVEIGH OFFSITE LIMITED
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2 - 3
Notes to the Financial Statements
 
4 - 9

 
MCVEIGH OFFSITE LIMITED
 
 
COMPANY INFORMATION


Directors
J D McVeigh 
T J McVeigh (appointed 10 February 2025)




Registered number
08122141



Registered office
Unit 3
Waterside Ind Estate

Off Clarence St

Stalybridge

Cheshire

SK15 1QP




Page 1

 
MCVEIGH OFFSITE LIMITED
REGISTERED NUMBER: 08122141

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
44,926
65,729

  
44,926
65,729

Current assets
  

Debtors
  
379,019
327,018

Cash at bank and in hand
  
170,766
178,911

  
549,785
505,929

Creditors: amounts falling due within one year
  
(359,500)
(353,894)

Net current assets
  
 
 
190,285
 
 
152,035

Total assets less current liabilities
  
235,211
217,764

Creditors: amounts falling due after more than one year
  
(1,853)
(9,266)

Provisions for liabilities
  
(11,181)
(19,586)

Net assets
  
222,177
188,912


Capital and reserves
  

Called up share capital 
  
79
79

Share premium account
  
480
480

Profit and loss account
  
221,618
188,353

  
222,177
188,912

Page 2

 
MCVEIGH OFFSITE LIMITED
REGISTERED NUMBER: 08122141
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J D McVeigh
Director

Date: 20 March 2025

The notes on pages 4 to 9 form part of these financial statements.
Page 3

 
MCVEIGH OFFSITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales (company registration number 08122141). The address of the registered office is Unit 3 Waterside Ind Estate, Off Clarence Street, Stalybridge, Cheshire, SK15 1QP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

The turnover shown in the profit and loss account represents the invoice value of goods and services provided during the year, exclusive of Value Added Tax.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
MCVEIGH OFFSITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Employee benefits

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 5

 
MCVEIGH OFFSITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
MCVEIGH OFFSITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
2.15

Judgements and key sources of estimation uncertainty

The preparation of the financial statements required management to make judgements, estimates and assuptions that affect the amount reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
Management do not feel that there are any judgements (apart for those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertaining that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities with the next financial year are as follows:
Estimated useful life and residual value of fixed assets
Depreciation of tangible fixed assets have been based on the estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives and residual values, as evidenced by disposals during the current and prior accounting periods.
Impairment of debtors
The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of the debtors and historical experience.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

  
2.17

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown as equity as a deduction, net of tax from the proceeds.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 5).

Page 7

 
MCVEIGH OFFSITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2023
129,374


Additions
1,406



At 30 June 2024

130,780



Depreciation


At 1 July 2023
63,645


Charge for the year on owned assets
22,209



At 30 June 2024

85,854



Net book value



At 30 June 2024
44,926



At 30 June 2023
65,729

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
23,135
31,810

23,135
31,810

Included within fixed assets are pledged assets in respect of hire purchase liabilities of £9,266 (2023: £16,678).

Page 8

 
MCVEIGH OFFSITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
18,750
37,500

Later than 1 year and not later than 5 years
-
18,750

18,750
56,250


6.


Controlling party

The ultimate parent company is McVeigh Highland Limited,Unit 3 Waterside Industrial Estate, Clarence Street, Stalybridge, Cheshire, SK15 1QP, a company registered in England.
 
Page 9