MCDERMOTT GROUP LIMITED

Company Registration Number:
SC198979 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

MCDERMOTT GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

MCDERMOTT GROUP LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The principal activity of the company is Plumbing, heat and air-conditioning installation



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Darren McDermott
William McDermott
Jason McDermott
Iain Muir


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 April 2025

And signed on behalf of the board by:
Name: Darren McDermott
Status: Director

MCDERMOTT GROUP LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 664 664
Total fixed assets: 664 664
Current assets
Stocks:   0 0
Debtors: 4 160,783 152,109
Cash at bank and in hand: 838 2,408
Investments:   0 0
Total current assets: 161,621 154,517
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 57,781 ) ( 52,423 )
Net current assets (liabilities): 103,840 102,094
Total assets less current liabilities: 104,504 102,758
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 104,504 102,758
Capital and reserves
Called up share capital: 200 200
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 104,304 102,558
Total Shareholders' funds: 104,504 102,758

The notes form part of these financial statements

MCDERMOTT GROUP LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 April 2025
and signed on behalf of the board by:

Name: Darren McDermott
Status: Director

The notes form part of these financial statements

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 8 8

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Fixed assets investments note

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 160,783 152,109
Total 160,783 152,109
Debtors due after more than one year: 0 0

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,230 2,964
Taxation and social security 6,851 3,852
Accruals and deferred income 1,200 5,108
Other creditors 48,500 40,499
Total 57,781 52,423

MCDERMOTT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Financial Commitments

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.