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Company Registration No. 07317171 (England and Wales)
Brian McNamee & Associates Ltd Financial Statement for the year ended 31 July 2024
Brian McNamee & Associates Ltd Financial Statement Contents
Page
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Brian McNamee & Associates Ltd Company Information for the year ended 31 July 2024
Director
Mr Brian McNamee
Company Number
07317171 (England and Wales)
Registered Office
28 Samor Way Didcot OX11 8RF
Accountants
Edmil Accountants UK Ltd 146 Broadway Didcot Oxfordshire OX11 8SH
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Brian McNamee & Associates Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
277 
- 
Current assets
Debtors
20,000 
- 
Cash at bank and in hand
33,299 
88,732 
53,299 
88,732 
Creditors: amounts falling due within one year
(27,264)
(26,263)
Net current assets
26,035 
62,469 
Total assets less current liabilities
26,312 
62,469 
Creditors: amounts falling due after more than one year
(6,103)
(26,096)
Net assets
20,209 
36,373 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
20,199 
36,363 
Shareholders' funds
20,209 
36,373 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 4 March 2025 and were signed on its behalf by
Mr Brian McNamee Director Company Registration No. 07317171
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Brian McNamee & Associates Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Brian McNamee & Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07317171. The registered office is 28 Samor Way, Didcot, OX11 8RF.
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.
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:
Plant & machinery
33% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Brian McNamee & Associates Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
1,313 
60,700 
876 
- 
62,889 
Additions
- 
- 
- 
416 
416 
At 31 July 2024
1,313 
60,700 
876 
416 
63,305 
Depreciation
At 1 August 2023
1,313 
60,700 
876 
- 
62,889 
Charge for the year
- 
- 
- 
139 
139 
At 31 July 2024
1,313 
60,700 
876 
139 
63,028 
Net book value
At 31 July 2024
- 
- 
- 
277 
277 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
20,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,159 
1,906 
Obligations under finance leases and hire purchase contracts
5,024 
3,575 
Taxes and social security
362 
2,539 
Other creditors
880 
- 
Loans from directors
18,839 
18,243 
27,264 
26,263 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,103 
26,096 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Transactions with related parties
At year end to 31 July 2024, the company owed the sum of £18,839 (Y/E 2023- £18,243) to the Director Mr Brian Mcnamee.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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