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Registration number: NI634462

McGurran Associates Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

McGurran Associates Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

Detailed Profit and Loss Account

6 to 7

 

McGurran Associates Limited

Company Information

Director

Mr Kevin Mc Gurran

Registered office

70 Maryville Park
Belfast
Co Antrim
BT9 6LA

Accountants

Mr Wilson Logan
Accountant
17 Loughloughan Road
Broughshane
Ballymena
Co Antrim
BT43 7HZ

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
McGurran Associates Limited
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of McGurran Associates Limited for the year ended 31 October 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Incorporated Public Accountants , we are subject to its ethical and other professional requirements..

This report is made solely to the Board of Directors of McGurran Associates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of McGurran Associates Limited and state those matters that we have agreed to state to the Board of Directors of McGurran Associates Limited, as a body, in this report in accordance with the Technical Requirements of The association of Incorporated Public Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McGurran Associates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that McGurran Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of McGurran Associates Limited. You consider that McGurran Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of McGurran Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Mr Wilson Logan
Accountant
17 Loughloughan Road
Broughshane
Ballymena
Co Antrim
BT43 7HZ

17 July 2025

 

McGurran Associates Limited

Profit and Loss Account for the Year Ended 31 October 2024

2024
£

2023
£

Turnover

50,989

41,347

Other income

6

2

Cost of raw materials and consumables

(9,878)

(5,746)

Staff costs

(13,630)

(8,953)

Depreciation and other amounts written off assets

(3,368)

-

Other charges

(24,768)

(18,492)

(Loss)/profit before tax

(649)

8,158

Tax on (loss)/profit

-

14,348

(Loss)/profit for the year

(649)

22,506

 

McGurran Associates Limited

(Registration number: NI634462)
Balance Sheet as at 31 October 2024

2024
£

2023
£

Fixed assets

25,785

29,154

Current assets

3,956

4,730

Creditors: Amounts falling due within one year

(33,483)

(36,295)

Net current liabilities

(29,527)

(31,565)

Total assets less current liabilities

(3,742)

(2,411)

Accruals and deferred income

(7,818)

(8,500)

 

(11,560)

(10,911)

Capital and reserves

(11,560)

(10,911)

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
70 Maryville Park
Belfast
Co Antrim
BT9 6LA
Northern Ireland

These financial statements were authorised for issue by the director on 17 July 2025.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

McGurran Associates Limited

(Registration number: NI634462)
Balance Sheet as at 31 October 2024

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 17 July 2025
 

.........................................
Mr Kevin Mc Gurran
Director

 

McGurran Associates Limited

Detailed Profit and Loss Account for the Year Ended 31 October 2024

2024
 £

2023
 £

turnover (analysed below)

50,989

41,347

Cost of sales (analysed below)

(9,878)

(5,746)

Gross profit

41,111

35,601

Gross profit (%)

80.63%

86.1%

Administrative expenses

Employment costs (analysed below)

(13,630)

(8,953)

Establishment costs (analysed below)

(7,638)

(9,647)

General administrative expenses (analysed below)

(16,934)

(8,655)

Finance charges (analysed below)

(196)

(190)

Depreciation costs (analysed below)

(3,368)

-

(41,766)

(27,445)

Operating (loss)/profit

(655)

8,156

Other interest receivable and similar income (analysed below)

6

2

(Loss)/profit before tax

(649)

8,158

 

McGurran Associates Limited

Detailed Profit and Loss Account for the Year Ended 31 October 2024

2024
£

2023
£

   

Turnover

Sale of goods, UK

50,989

41,347

   

Cost of sales

Consultancy Fees

(2,780)

(3,132)

Planning & Survey Fees

(7,098)

(2,614)

(9,878)

(5,746)

   

Employment costs

Wages and salaries (excluding directors)

(900)

-

Directors remuneration

(11,993)

(8,580)

Directors NIC (Employers)

(400)

-

Directors pensions (Defined contribution)

(337)

(373)

(13,630)

(8,953)

   

Establishment costs

Rates

(4,906)

(3,751)

Light, heat and power

(2,493)

(1,726)

Insurance

-

(2,569)

Repairs and maintenance

(239)

(1,601)

(7,638)

(9,647)

   

General administrative expenses

Telephone and fax

(1,887)

(1,795)

Computer software and maintenance costs

(1,218)

(1,525)

Printing, postage and stationery

(2,276)

(226)

Charitable donations

-

(50)

Sundry expenses

-

1,331

Motor expenses

(2,714)

(1,568)

Travel and subsistence

(3,635)

(4,090)

Advertising

(1,360)

-

Customer entertaining (disallowable for tax)

(1,645)

-

Accountancy fees

(1,250)

-

Legal and professional fees

(949)

(732)

(16,934)

(8,655)

   

Finance charges

Bank charges

(196)

(190)

   

Depreciation costs

Depreciation of plant and machinery (owned)

(3,368)

-

   

Other interest receivable and similar income

Bank interest receivable

6

2