IRIS Accounts Production v25.1.0.734 06829513 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068295132023-03-31068295132024-03-31068295132023-04-012024-03-31068295132022-03-31068295132022-04-012023-03-31068295132023-03-3106829513ns15:EnglandWales2023-04-012024-03-3106829513ns14:PoundSterling2023-04-012024-03-3106829513ns10:Director12023-04-012024-03-3106829513ns10:Director22023-04-012024-03-3106829513ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106829513ns10:SmallEntities2023-04-012024-03-3106829513ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106829513ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106829513ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106829513ns10:FullAccounts2023-04-012024-03-3106829513ns10:OrdinaryShareClass12023-04-012024-03-3106829513ns10:RegisteredOffice2023-04-012024-03-3106829513ns5:CurrentFinancialInstruments2024-03-3106829513ns5:CurrentFinancialInstruments2023-03-3106829513ns5:Non-currentFinancialInstruments2024-03-3106829513ns5:Non-currentFinancialInstruments2023-03-3106829513ns5:ShareCapital2024-03-3106829513ns5:ShareCapital2023-03-3106829513ns5:RetainedEarningsAccumulatedLosses2024-03-3106829513ns5:RetainedEarningsAccumulatedLosses2023-03-3106829513ns5:FurnitureFittings2023-04-012024-03-3106829513ns5:ComputerEquipment2023-04-012024-03-3106829513ns5:FurnitureFittings2023-03-3106829513ns5:ComputerEquipment2023-03-3106829513ns5:FurnitureFittings2024-03-3106829513ns5:ComputerEquipment2024-03-3106829513ns5:FurnitureFittings2023-03-3106829513ns5:ComputerEquipment2023-03-3106829513ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106829513ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3106829513ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3106829513ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3106829513ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3106829513ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3106829513ns5:DeferredTaxation2023-03-3106829513ns5:DeferredTaxation2023-04-012024-03-3106829513ns5:DeferredTaxation2024-03-3106829513ns10:OrdinaryShareClass12024-03-3106829513ns5:RetainedEarningsAccumulatedLosses2023-03-3106829513ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-310682951312023-04-012024-03-31
REGISTERED NUMBER: 06829513 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

CAS MCGEE LIMITED

CAS MCGEE LIMITED (Registered number: 06829513)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAS MCGEE LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Georghiades
Mr C A Savvides





REGISTERED OFFICE: 130a Darkes Lane
Potters Bar
Hertfordshire
EN6 1AF





REGISTERED NUMBER: 06829513 (England and Wales)





ACCOUNTANTS: CAS MCGEE LTD
Chartered Certified Accountants
130A Darkes Lane
Potters Bar
Hertfordshire
EN6 1AF

CAS MCGEE LIMITED (Registered number: 06829513)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,033 2,711

CURRENT ASSETS
Debtors 5 24,754 21,416
Cash at bank and in hand 64,944 79,389
89,698 100,805
CREDITORS
Amounts falling due within one year 6 11,433 11,084
NET CURRENT ASSETS 78,265 89,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,298

92,432

CREDITORS
Amounts falling due after more than one
year

7

(35,260

)

(40,827

)

PROVISIONS FOR LIABILITIES 8 (170 ) (515 )
NET ASSETS 44,868 51,090

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 44,768 50,990
SHAREHOLDERS' FUNDS 44,868 51,090

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

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

The directors acknowledge their 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.

CAS MCGEE LIMITED (Registered number: 06829513)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




Mr M Georghiades - Director



Mr C A Savvides - Director


CAS MCGEE LIMITED (Registered number: 06829513)

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

1. STATUTORY INFORMATION

CAS MCGEE 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. ACCOUNTING POLICIES

Basis of preparation
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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions.

Turnover
Turnover represents net invoiced supply of services, excluding value added tax.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred recognised in the Income Statement, 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 recognized 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 recognized 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 recognized 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.

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.

Revenue recognition
Amounts due under contracts, not yet invoiced (work in progress) are valued in accordance with the recoverable standard value of time charged by all personnel engaged in the provision of services. Revenue is recognised as the contracts progress to reflect the company's partial performance of the contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as contract activity progresses by reference to the value of work performed.

CAS MCGEE LIMITED (Registered number: 06829513)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,905 14,526 16,431
DEPRECIATION
At 1 April 2023 1,497 12,223 13,720
Charge for year 102 576 678
At 31 March 2024 1,599 12,799 14,398
NET BOOK VALUE
At 31 March 2024 306 1,727 2,033
At 31 March 2023 408 2,303 2,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,250 4,500
Amounts due under contracts- not yet
invoiced

15,150

13,819
Other debtors 500 500
Rent deposit 2,250 2,250
Prepayments 2,604 347
24,754 21,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,955 419
Tax 1,433 2,689
VAT 7,493 7,494
Directors' current accounts 262 328
Accrued expenses 290 154
11,433 11,084

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yr by instal 35,260 40,827

CAS MCGEE LIMITED (Registered number: 06829513)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,260 40,827

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 170 515

Deferred
tax
£   
Balance at 1 April 2023 515
Provided during year (345 )
Balance at 31 March 2024 170

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 50,990
Profit for the year 5,778
Dividends (12,000 )
At 31 March 2024 44,768

CAS MCGEE LIMITED (Registered number: 06829513)

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

11. EVENTS AFTER THE REPORTING PERIOD

There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration Note.

The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Cas McGee Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

The Ongoing Israel - Gaza and Middle East conflict
This ongoing Israel - Gaza and Middle East conflict has resulted not major impact to cause any significant operational risks but the Company continues to assess the nature and extent of risks and uncertainties arising from these events.

12. GOING CONCERN CONSIDERATION

The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:
- Breach of trade contracts
- Revenue
- Cost of sales
- Expenditure
- Inventories fair value measurements
- Debt repayment