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REGISTERED NUMBER: 03419121 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GUY MCCULLOUGH BUILDING SERVICES LIMITED

GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GUY MCCULLOUGH BUILDING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr G J McCullough
Mrs S N McCullough



SECRETARY: Mrs S N McCullough



REGISTERED OFFICE: The Office
54 The Gill
Ulverston
Cumbria
LA12 7BL



REGISTERED NUMBER: 03419121 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow in Furness
Cumbria
LA14 1WY

GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 180,195 155,109
Investment property 5 105,000 -
285,195 155,109

CURRENT ASSETS
Stocks 17,000 17,000
Debtors 335,114 294,675
Cash at bank 174,840 187,704
526,954 499,379
CREDITORS
Amounts falling due within one year 283,819 208,517
NET CURRENT ASSETS 243,135 290,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

528,330

445,971

CREDITORS
Amounts falling due after more than one
year

159,014

127,368
NET ASSETS 369,316 318,603

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 369,216 318,503
SHAREHOLDERS' FUNDS 369,316 318,603

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





Mr G J McCullough - Director


GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Guy McCullough Building Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover represents net invoiced sales of goods and services as adjusted for work in progress, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 292,092
Additions 74,856
At 31 August 2024 366,948
DEPRECIATION
At 1 September 2023 136,983
Charge for year 49,770
At 31 August 2024 186,753
NET BOOK VALUE
At 31 August 2024 180,195
At 31 August 2023 155,109

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2023
and 31 August 2024 27,015
DEPRECIATION
At 1 September 2023
and 31 August 2024 6,796
NET BOOK VALUE
At 31 August 2024 20,219
At 31 August 2023 20,219

.

5. INVESTMENT PROPERTY

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature.

GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 19,333 18,678
Between one and five years 151,108 109,143
170,441 127,821

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 170,441 127,821

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the financial year the director was charged £2,758 (2023: £2,502) interest on the loan which is unsecured and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The company is owned and controlled by Mr and Mrs G McCullough.