BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the comapny is that of building and construction. 11 July 2025 0 0 NI609525 2024-12-31 NI609525 2023-12-31 NI609525 2022-12-31 NI609525 2024-01-01 2024-12-31 NI609525 2023-01-01 2023-12-31 NI609525 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI609525 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI609525 uk-bus:AbridgedAccounts 2024-01-01 2024-12-31 NI609525 uk-core:ShareCapital 2024-12-31 NI609525 uk-core:ShareCapital 2023-12-31 NI609525 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI609525 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI609525 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI609525 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI609525 uk-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 NI609525 uk-bus:FRS102 2024-01-01 2024-12-31 NI609525 uk-core:PlantMachinery 2024-01-01 2024-12-31 NI609525 uk-core:MotorVehicles 2024-01-01 2024-12-31 NI609525 2024-01-01 2024-12-31 NI609525 uk-bus:Director1 2024-01-01 2024-12-31 NI609525 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI609525
 
 
McHugh Bros Builders Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2024
McHugh Bros Builders Ltd
DIRECTOR'S REPORT
for the financial year ended 31 December 2024

 
The director presents their report and the unaudited financial statements for the financial year ended 31 December 2024.
 
Principal Activity
The principal activity of the comapny is that of building and construction.
     
Results and Dividends
The (loss)/profit for the financial year after providing for depreciation and taxation amounted to £(2,274) (2023 - £73,359).
     
Director
The director who served during the financial year is as follows:
     
John McHugh
   
There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.
     
In accordance with the Articles of Association, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
select suitable accounting policies and apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
John McHugh
Director
     
11 July 2025



McHugh Bros Builders Ltd
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 December 2024
2024 2023
Notes £ £

Gross profit 67,472 117,673
 
Administrative expenses (67,782) (19,648)
───────── ─────────
(Loss)/profit before taxation (310) 98,025
 
Tax on (loss)/profit (1,964) (24,666)
───────── ─────────
(Loss)/profit for the financial year (2,274) 73,359
───────── ─────────
Total comprehensive income (2,274) 73,359
    ═════════   ═════════



McHugh Bros Builders Ltd
Company Registration Number: NI609525
ABRIDGED BALANCE SHEET
as at 31 December 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 88,720 79,840
───────── ─────────
 
Current Assets
Debtors 60,967 48,628
Cash and cash equivalents 484,652 682,628
───────── ─────────
545,619 731,256
───────── ─────────
Creditors: amounts falling due within one year (208,875) (383,358)
───────── ─────────
Net Current Assets 336,744 347,898
───────── ─────────
Total Assets less Current Liabilities 425,464 427,738
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 425,463 427,737
───────── ─────────
Equity attributable to owners of the company 425,464 427,738
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 11 July 2025
           
           
________________________________          
John McHugh          
Director          
           



McHugh Bros Builders Ltd
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 31 December 2024

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 January 2023 1 354,378 354,379
───────── ───────── ─────────
Profit for the financial year - 73,359 73,359
───────── ───────── ─────────
At 31 December 2023 1 427,737 427,738
  ───────── ───────── ─────────
Loss for the financial year - (2,274) (2,274)
  ───────── ───────── ─────────
At 31 December 2024 1 425,463 425,464
  ═════════ ═════════ ═════════



McHugh Bros Builders Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 
McHugh Bros Builders Ltd is a company limited by shares incorporated in the Northern Ireland
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% reducing balance
  Motor vehicles - 20% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 0.00|0, (2023 - 0).
         
4. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 January 2024 188,894 23,650 212,544
Additions 60,400 - 60,400
  ───────── ───────── ─────────
At 31 December 2024 249,294 23,650 272,944
  ───────── ───────── ─────────
Depreciation
At 1 January 2024 113,689 19,015 132,704
Charge for the financial year 46,885 4,635 51,520
  ───────── ───────── ─────────
At 31 December 2024 160,574 23,650 184,224
  ───────── ───────── ─────────
Net book value
At 31 December 2024 88,720 - 88,720
  ═════════ ═════════ ═════════
At 31 December 2023 75,205 4,635 79,840
  ═════════ ═════════ ═════════