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Registered number: 09767406
Mcd Home & Garden (UK) Ltd.
Unaudited Financial Statements
For The Year Ended 30 September 2024
DEB Chartered Accountants
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Company Information
Directors Mr Martin Blacksell
Mrs Emma Blacksell
Company Number 09767406
Registered Office DEB House, 19 Middlewoods Way
Wharncliffe Business Park
Carlton
Barnsley
S71 3HR
Business Unit 12 Albion Road
Carlton Industrial Estate
Carlton, Barnsley
South Yorkshire
S71 3HW
Accountants DEB Chartered Accountants
19 Middlewoods Way
Wharncliffe Business Park
Barnsley
South Yorkshire
S71 3HR
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Balance Sheet
Registered number: 09767406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,761 14,641
22,761 14,641
CURRENT ASSETS
Stocks 5 69,220 74,510
Debtors 6 87,498 199,863
Cash at bank and in hand 105,638 147,501
262,356 421,874
Creditors: Amounts Falling Due Within One Year 7 (257,460 ) (132,276 )
NET CURRENT ASSETS (LIABILITIES) 4,896 289,598
TOTAL ASSETS LESS CURRENT LIABILITIES 27,657 304,239
NET ASSETS 27,657 304,239
CAPITAL AND RESERVES
Called up share capital 9 33 99
Other reserves (199,934 ) -
Profit and Loss Account 227,558 304,140
SHAREHOLDERS' FUNDS 27,657 304,239
For the year ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Blacksell
Director
16/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mcd Home & Garden (UK) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 09767406 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing Balance
Motor Vehicles 25% reducing Balance
Computer Equipment 25% reducing Balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
Sales, marketing and distribution - 2
4 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 24,814 21,099 3,598 49,511
Additions 7,422 10,500 - 17,922
Disposals - (6,999 ) - (6,999 )
As at 30 September 2024 32,236 24,600 3,598 60,434
Depreciation
As at 1 October 2023 19,128 12,936 2,806 34,870
Provided during the period 3,277 4,113 198 7,588
Disposals - (4,785 ) - (4,785 )
As at 30 September 2024 22,405 12,264 3,004 37,673
Net Book Value
As at 30 September 2024 9,831 12,336 594 22,761
As at 1 October 2023 5,686 8,163 792 14,641
5. Stocks
2024 2023
£ £
Stock 69,220 74,510
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 78,862 191,652
Prepayments and accrued income 2,636 2,211
Other debtors - Deposit 6,000 6,000
87,498 199,863
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,560 65,177
Corporation tax - (39,040 )
PAYE control 4,584 7,597
VAT control 41,648 81,192
Credit card - Yorkshire 802 993
Credit Card - American Express 9,202 15,377
Accruals and deferred income 91,664 980
Directors' loan accounts 100,000 -
257,460 132,276
8. Deferred Taxation
The provision for deferred tax is made up as follows:
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 33 99
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 54,408
Later than one year and not later than five years 195,834 -
195,834 54,408
11. Related Party Transactions
The company is controlled by Mr and Mrs Blacksell, directors & shareholders of the company.
The balance on the directors' loan accounts of Mr and Mrs Blacksell as of 30th September 2024 was 100,000.00 due from the company. (2023 Nil)
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