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REGISTERED NUMBER: NI603663 (Northern Ireland)













Bob McCullagh Business Services Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






Bob McCullagh Business Services Ltd (Registered number: NI603663)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 5


Bob McCullagh Business Services Ltd

Company Information
for the Year Ended 31 July 2024







Director: Mr R McCullagh





Secretary: Mrs M A McCullagh





Registered office: 12 Cabra Road
Hillsborough
Co Down
BT26 6NB





Registered number: NI603663 (Northern Ireland)





Accountants: Wylie Ruddell
Chartered Accountants
Armagh Business Centre
2 Loughgall Road
Armagh
BT61 7NH

Bob McCullagh Business Services Ltd (Registered number: NI603663)

Statement of Financial Position
31 July 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 4 641 855

Current assets
Receivables 5 391,553 434,958
Cash at bank 48,367 81,395
439,920 516,353
Payables
Amounts falling due within one year 6 (34,617 ) (46,357 )
Net current assets 405,303 469,996
Total assets less current liabilities 405,944 470,851

Provisions for liabilities 7 (145 ) (177 )
Net assets 405,799 470,674

Capital and reserves
Called up share capital 8 100 100
Retained earnings 405,699 470,574
Shareholders' funds 405,799 470,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2025 and were signed by:





Mr R McCullagh - Director


Bob McCullagh Business Services Ltd (Registered number: NI603663)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. Statutory information

Bob McCullagh Business Services Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Receivables
Short term receivables 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.

Bob McCullagh Business Services Ltd (Registered number: NI603663)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


2. Accounting policies - continued

Payables
Short term payables 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.

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Property, plant and equipment
Fixtures
and
fittings
£
Cost
At 1 August 2023
and 31 July 2024 1,518
Depreciation
At 1 August 2023 663
Charge for year 214
At 31 July 2024 877
Net book value
At 31 July 2024 641
At 31 July 2023 855

5. Receivables: amounts falling
due within one year
2024 2023
£ £
Trade receivables 57,738 82,959
Other receivables 333,815 351,999
391,553 434,958

Bob McCullagh Business Services Ltd (Registered number: NI603663)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


6. Payables: amounts falling
due within one year
2024 2023
£ £
Taxation and social security 25,067 42,207
Other payables 9,550 4,150
34,617 46,357

7. Provisions for liabilities
2024 2023
£ £
Deferred tax 145 177

Deferred tax
£
Balance at 1 August 2023 177
Credit to Statement of income and retained earnings during year (32 )
Balance at 31 July 2024 145

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary shares £1 each 100 100

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
Mr R McCullagh
Balance outstanding at start of year 253,754 231,588
Amounts advanced 148,943 164,762
Amounts repaid (140,000 ) (142,596 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 262,697 253,754

During the year, the company made a loan to the director. Interest was charged at the rate of 2.25%.The loan was part repaid in within 9 months of the year end.