IRIS Accounts Production v25.1.4.42 04209266 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary Share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042092662023-05-31042092662024-05-31042092662023-06-012024-05-31042092662022-05-31042092662022-06-012023-05-31042092662023-05-3104209266ns15:EnglandWales2023-06-012024-05-3104209266ns14:PoundSterling2023-06-012024-05-3104209266ns10:Director12023-06-012024-05-3104209266ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104209266ns10:SmallEntities2023-06-012024-05-3104209266ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104209266ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104209266ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104209266ns10:FullAccounts2023-06-012024-05-3104209266ns10:OrdinaryShareClass12023-06-012024-05-3104209266ns10:RegisteredOffice2023-06-012024-05-3104209266ns5:CurrentFinancialInstruments2024-05-3104209266ns5:CurrentFinancialInstruments2023-05-3104209266ns5:Non-currentFinancialInstruments2024-05-3104209266ns5:Non-currentFinancialInstruments2023-05-3104209266ns5:ShareCapital2024-05-3104209266ns5:ShareCapital2023-05-3104209266ns5:RetainedEarningsAccumulatedLosses2024-05-3104209266ns5:RetainedEarningsAccumulatedLosses2023-05-3104209266ns5:PlantMachinery2023-06-012024-05-3104209266ns5:FurnitureFittings2023-06-012024-05-3104209266ns5:MotorVehicles2023-06-012024-05-3104209266ns5:PlantMachinery2023-05-3104209266ns5:FurnitureFittings2023-05-3104209266ns5:MotorVehicles2023-05-3104209266ns5:PlantMachinery2024-05-3104209266ns5:FurnitureFittings2024-05-3104209266ns5:MotorVehicles2024-05-3104209266ns5:PlantMachinery2023-05-3104209266ns5:FurnitureFittings2023-05-3104209266ns5:MotorVehicles2023-05-3104209266ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3104209266ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3104209266ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-05-3104209266ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3104209266ns5:CostValuation2023-05-3104209266ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3104209266ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3104209266ns5:DeferredTaxation2023-05-3104209266ns5:DeferredTaxation2023-06-012024-05-3104209266ns5:DeferredTaxation2024-05-3104209266ns10:OrdinaryShareClass12024-05-3104209266ns5:RetainedEarningsAccumulatedLosses2023-05-3104209266ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31042092661ns10:Director12023-05-31042092661ns10:Director12022-05-31042092661ns10:Director12023-06-012024-05-31042092661ns10:Director12022-06-012023-05-31042092661ns10:Director12024-05-31042092661ns10:Director12023-05-31
REGISTERED NUMBER: 04209266 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

McHale Construction Ltd

McHale Construction Ltd (Registered number: 04209266)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McHale Construction Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J P McHale





REGISTERED OFFICE: Moat Cottage
Worthing Road
Dial Post
Horsham
West Sussex
RH13 8NS





REGISTERED NUMBER: 04209266 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

McHale Construction Ltd (Registered number: 04209266)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 228,951 264,884
Investments 6 51 51
229,002 264,935

CURRENT ASSETS
Stocks 475,537 104,404
Debtors 7 664,163 873,153
Cash at bank and in hand 498,199 508,872
1,637,899 1,486,429
CREDITORS
Amounts falling due within one year 8 557,904 269,313
NET CURRENT ASSETS 1,079,995 1,217,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,308,997

1,482,051

CREDITORS
Amounts falling due after more than one year 9 (5,484 ) (8,762 )

PROVISIONS FOR LIABILITIES 10 (56,415 ) (66,221 )
NET ASSETS 1,247,098 1,407,068

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12 1,246,098 1,406,068
SHAREHOLDERS' FUNDS 1,247,098 1,407,068

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

McHale Construction Ltd (Registered number: 04209266)

Balance Sheet - continued
31 May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





J P McHale - Director


McHale Construction Ltd (Registered number: 04209266)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

McHale Construction Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Income is recognised during the year when the company provides goods and services.

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 - 25% per annum on written down value
Fixtures and fittings - 25% per annum on written down value
Commercial vehicles - 25% per annum on written down value

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

McHale Construction Ltd (Registered number: 04209266)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Commercial
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 545,444 1,218 117,844 664,506
Additions 50,500 - 32,800 83,300
Disposals (248,250 ) - (49,999 ) (298,249 )
At 31 May 2024 347,694 1,218 100,645 449,557
DEPRECIATION
At 1 June 2023 329,794 1,048 68,780 399,622
Charge for year 47,180 42 10,019 57,241
Eliminated on disposal (201,588 ) - (34,669 ) (236,257 )
At 31 May 2024 175,386 1,090 44,130 220,606
NET BOOK VALUE
At 31 May 2024 172,308 128 56,515 228,951
At 31 May 2023 215,650 170 49,064 264,884

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Commercial
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 38,465
DEPRECIATION
At 1 June 2023 20,224
Charge for year 4,599
At 31 May 2024 24,823
NET BOOK VALUE
At 31 May 2024 13,642
At 31 May 2023 18,241

McHale Construction Ltd (Registered number: 04209266)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 June 2023
and 31 May 2024 51
NET BOOK VALUE
At 31 May 2024 51
At 31 May 2023 51

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,783 92,906
Other debtors 660,380 780,247
664,163 873,153

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 3,278 17,207
Trade creditors 342,499 104,136
Taxation and social security 116,205 116,838
Other creditors 95,922 31,132
557,904 269,313

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 5,484 8,762

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 56,415 66,221

McHale Construction Ltd (Registered number: 04209266)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 66,221
Provided during year (9,806 )
Balance at 31 May 2024 56,415

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1,000 Ordinary Share £1 1,000 1,000

12. RESERVES
Retained
earnings
£   

At 1 June 2023 1,406,068
Deficit for the year (109,970 )
Dividends (50,000 )
At 31 May 2024 1,246,098

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
J P McHale
Balance outstanding at start of year (2,531 ) (310 )
Amounts advanced 70,289 -
Amounts repaid - (2,221 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,758 (2,531 )

Interest was charged at the rate of 2.25 % to the director on the overdrawn loan for the period.