Burke & Mcdonnell Limited
Registered number: 01925550
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Stocks 11,484 3,464
Debtors 3 18,549 6,603
Cash at bank and in hand 79,297 133,678
109,330 143,745
Creditors: amounts falling due within one year 4 (14,333) (11,068)
Net current assets 94,997 132,677
Net assets 94,997 132,677
Capital and reserves
Called up share capital 2 2
Profit and loss account 94,995 132,675
Shareholders' funds 94,997 132,677
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Mcdonnell
Director
Approved by the board on 13 May 2025
Burke & Mcdonnell Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Fixtures, fittings, tools and equipment 25% wdv
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 18,549 5,608
Other debtors - 995
18,549 6,603
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,423 3,709
Directors loan accounts 6,253 3,932
Other taxes and social security costs 907 1,154
Other creditors 3,750 2,273
14,333 11,068
5 Related party transactions 2024 2023
£ £
Mr W J Burke & Mr T Mcdonnell
The company occupies premises jointly owned by the above two directors who are also shareholders. The company pays a commercial rent
Rent charged - 4,375
6 Controlling party
The company is jointly controlled by Mr W J Burke and Mr T Mcdonnell by virtue of their holdings in the issued share capital of the company.
7 Other information
Burke & Mcdonnell Limited is a private company limited by shares and incorporated in England. Its registered office is:
382 Neasden Lane North
Neasden
London
NW10 0ER
Burke & Mcdonnell Limited 01925550 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2025 T Mcdonnell No description of principal activity 01925550 2022-09-01 2023-08-31 01925550 core:WithinOneYear 2023-08-31 01925550 core:ShareCapital 2023-08-31 01925550 core:RetainedEarningsAccumulatedLosses 2023-08-31 01925550 2023-09-01 2024-08-31 01925550 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01925550 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 01925550 bus:Director40 2023-09-01 2024-08-31 01925550 1 2023-09-01 2024-08-31 01925550 2 2023-09-01 2024-08-31 01925550 countries:England 2023-09-01 2024-08-31 01925550 bus:FRS102 2023-09-01 2024-08-31 01925550 bus:FilletedAccounts 2023-09-01 2024-08-31 01925550 2024-08-31 01925550 core:WithinOneYear 2024-08-31 01925550 core:ShareCapital 2024-08-31 01925550 core:RetainedEarningsAccumulatedLosses 2024-08-31 01925550 2023-08-31 iso4217:GBP xbrli:pure