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Company Registration No. 11027193 (England and Wales)
McGovern Assessments Limited Unaudited accounts for the year ended 31 October 2024
McGovern Assessments Limited Unaudited accounts Contents
Page
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McGovern Assessments Limited Company Information for the year ended 31 October 2024
Director
Jonjo McGovern
Company Number
11027193 (England and Wales)
Registered Office
112 - 113 High Street LINCOLN LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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McGovern Assessments Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
123,373 
88,130 
Current assets
Debtors
162,875 
71,209 
Cash at bank and in hand
170,746 
112,376 
333,621 
183,585 
Creditors: amounts falling due within one year
(199,559)
(42,649)
Net current assets
134,062 
140,936 
Total assets less current liabilities
257,435 
229,066 
Creditors: amounts falling due after more than one year
(61,696)
(81,058)
Provisions for liabilities
Deferred tax
(36,891)
(26,424)
Other provisions
(100,000)
- 
(136,891)
(26,424)
Net assets
58,848 
121,584 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
58,748 
121,484 
Shareholders' funds
58,848 
121,584 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 May 2025 and were signed on its behalf by
Jonjo McGovern Director Company Registration No. 11027193
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McGovern Assessments Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
McGovern Assessments Limited is a private company, limited by shares, registered in England and Wales, registration number 11027193. The registered office is 112 - 113 High Street, LINCOLN, LN5 7PY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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McGovern Assessments Limited Notes to the Accounts for the year ended 31 October 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
- 
127,194 
9,248 
136,442 
Additions
60,300 
35,507 
1,778 
97,585 
Disposals
- 
(48,500)
- 
(48,500)
At 31 October 2024
60,300 
114,201 
11,026 
185,527 
Depreciation
At 1 November 2023
- 
44,173 
4,139 
48,312 
Charge for the year
15,075 
24,327 
1,721 
41,123 
On disposals
- 
(27,281)
- 
(27,281)
At 31 October 2024
15,075 
41,219 
5,860 
62,154 
Net book value
At 31 October 2024
45,225 
72,982 
5,166 
123,373 
At 31 October 2023
- 
83,021 
5,109 
88,130 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
72,982 
83,021 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
162,875 
71,026 
Amounts falling due after more than one year
Other debtors
- 
183 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,319 
2,250 
VAT
54,875 
9,731 
Obligations under finance leases and hire purchase contracts
12,724 
12,053 
Trade creditors
40,177 
93 
Taxes and social security
1,746 
16,444 
Other creditors
16,287 
- 
Loans from directors
591 
1,238 
Accruals
52,840 
840 
199,559 
42,649 
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McGovern Assessments Limited Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,848 
14,005 
Obligations under finance leases and hire purchase contracts
49,848 
66,948 
Taxes and social security
- 
105 
61,696 
81,058 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
36,891 
26,424 
2024 
2023 
£ 
£ 
Provision at start of year
26,424 
11,947 
Charged to the profit and loss account
10,467 
14,477 
Provision at end of year
36,891 
26,424 
A deferred taxation reserve has been created, due to accelerated capital allowances of some £35,891 cumulative. This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
9
Provisions for liabilities
£ 
At 1 November 2023
- 
Additional provisions made during the period
100,000 
At 31 October 2024
100,000 
A provision has been created with regard to the development of the training site Os Field 1600, Saxilby Road, Lincoln, Lincolnshire. Change of Use Application made by Mr. C Wilson (Professional Civil Engineer/Planning Consultant) Land being cleared of all surface elements and used to create the earth noise abatement bunding. Hardcore to site allowing drainage, followed by concrete surface with newton strength to accommodate medium plant and machinery used in training. A wall 6" high to the perimeter of the training site to ensure environmental protection from oil ingress from the machines. Planting of trees, shrubs, etc. to the areas necessary to prevent any changes in line of sight for any local neighboring houses or businesses.
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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