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REGISTERED NUMBER: 08541925 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 July 2024

for

McGillivrays Limited

McGillivrays Limited (Registered number: 08541925)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McGillivrays Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M A McGillivray





REGISTERED OFFICE: Quayside 14
Albion Row
Newcastle upon Tyne
NE6 1LL





REGISTERED NUMBER: 08541925 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

McGillivrays Limited (Registered number: 08541925)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 40,383 40,383
Tangible assets 6 3,241 1,623
43,624 42,006

CURRENT ASSETS
Debtors 7 8,932 3,253
Cash at bank 14,856 47,254
23,788 50,507
CREDITORS
Amounts falling due within one year 8 60,676 81,418
NET CURRENT LIABILITIES (36,888 ) (30,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,736

11,095

CREDITORS
Amounts falling due after more than one
year

9

(4,494

)

(9,165

)

PROVISIONS FOR LIABILITIES (616 ) (406 )
NET ASSETS 1,626 1,524

McGillivrays Limited (Registered number: 08541925)

Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,625 1,523
SHAREHOLDERS' FUNDS 1,626 1,524

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 21 March 2025 and were signed by:





M A McGillivray - Director


McGillivrays Limited (Registered number: 08541925)

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

1. STATUTORY INFORMATION

McGillivrays Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

McGillivrays Limited (Registered number: 08541925)

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

3. ACCOUNTING POLICIES - continued

Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 40,383
NET BOOK VALUE
At 31 July 2024 40,383
At 31 July 2023 40,383

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023 3,062
Additions 2,035
At 31 July 2024 5,097
DEPRECIATION
At 1 August 2023 1,439
Charge for year 417
At 31 July 2024 1,856
NET BOOK VALUE
At 31 July 2024 3,241
At 31 July 2023 1,623

McGillivrays Limited (Registered number: 08541925)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 182 -
Other debtors 8,750 3,253
8,932 3,253

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,999 4,999
Taxation and social security 16,535 9,903
Other creditors 39,142 66,516
60,676 81,418

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 4,494 9,165