2 2 McGuane Consulting Limited 05642821 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 05642821 2024-01-01 2024-12-31 05642821 2024-12-31 05642821 core:CurrentFinancialInstruments 2024-12-31 05642821 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05642821 bus:SmallEntities 2024-01-01 2024-12-31 05642821 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05642821 bus:FilletedAccounts 2024-01-01 2024-12-31 05642821 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05642821 bus:RegisteredOffice 2024-01-01 2024-12-31 05642821 bus:Director1 2024-01-01 2024-12-31 05642821 bus:Director2 2024-01-01 2024-12-31 05642821 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05642821 countries:EnglandWales 2024-01-01 2024-12-31 05642821 2023-01-01 2023-12-31 05642821 2023-12-31 05642821 core:CurrentFinancialInstruments 2023-12-31 05642821 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 05642821

McGuane Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

McGuane Consulting Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

McGuane Consulting Limited

Company Information

Directors

Mr M D McGuane

Mrs S McGuane

Registered office

18 Eaton Road
Bowdon
Altrincham
Cheshire
WA14 3EH

Accountants

Xeinadin
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

 

McGuane Consulting Limited

(Registration number: 05642821)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

442

297

Cash at bank and in hand

 

77,246

49,046

 

77,688

49,343

Creditors: Amounts falling due within one year

5

(22,953)

(19,438)

Net assets

 

54,735

29,905

Capital and reserves

 

Called up share capital

100

100

Retained earnings

54,635

29,805

Shareholders' funds

 

54,735

29,905

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 May 2025 and signed on its behalf by:
 

.........................................
Mr M D McGuane
Director

 

McGuane Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 Eaton Road
Bowdon
Altrincham
Cheshire
WA14 3EH

These financial statements were authorised for issue by the Board on 16 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

McGuane Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Debtors

2024
£

2023
£

Prepayments and accrued income

442

297

442

297

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

21,208

18,194

Accruals and deferred income

975

975

Other creditors

770

269

22,953

19,438