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COMPANY REGISTRATION NUMBER: 01253816
McDonald Brown Limited
Filleted Unaudited Financial Statements
31 March 2025
McDonald Brown Limited
Financial Statements
Year ended 31 March 2025
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 7
McDonald Brown Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
88,316
90,773
Investments
6
145,000
192,500
---------
---------
233,316
283,273
Current assets
Stocks
15,876
12,398
Debtors
7
1,478,272
856,141
Cash at bank and in hand
119,111
51,432
------------
---------
1,613,259
919,971
Creditors: amounts falling due within one year
8
( 1,140,246)
( 612,610)
------------
---------
Net current assets
473,013
307,361
---------
---------
Total assets less current liabilities
706,329
590,634
Creditors: amounts falling due after more than one year
9
( 45,891)
( 46,497)
Provisions
Taxation including deferred tax
( 19,209)
( 19,640)
---------
---------
Net assets
641,229
524,497
---------
---------
McDonald Brown Limited
Statement of Financial Position (continued)
31 March 2025
2025
2024
Note
£
£
£
Capital and reserves
Called up share capital
20,000
20,000
Profit and loss account
621,229
504,497
---------
---------
Shareholders funds
641,229
524,497
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 July 2025 , and are signed on behalf of the board by:
Mr G.D McDonald
Managing Director
Company registration number: 01253816
McDonald Brown Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 11 & 12 Upminster Trading Park, Warley Street, Upminster, Essex, RM14 3PJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
The turnover shown in the profit and loss account represents the value of services provided during the year exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference .
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office and computer equipment
-
20% Straight line and Reducing balance
Investments
Investments are initially recorded at cost and are regarded as monetary assets. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If any such indication of impairment exists, the Company makes an estimate of the recoverable amount. If the recoverable amount is less than the value of the investment, the investment is considered to be impaired and is written down to its recoverable amount. An impairment loss is recognised immediately in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2024: 17 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2024
22,811
150,569
40,307
213,687
Additions
33,024
1,015
34,039
Disposals
( 25,600)
( 550)
( 26,150)
--------
---------
--------
---------
At 31 March 2025
22,811
157,993
40,772
221,576
--------
---------
--------
---------
Depreciation
At 1 April 2024
19,620
67,055
36,239
122,914
Charge for the year
798
27,617
2,006
30,421
Disposals
( 19,525)
( 550)
( 20,075)
--------
---------
--------
---------
At 31 March 2025
20,418
75,147
37,695
133,260
--------
---------
--------
---------
Carrying amount
At 31 March 2025
2,393
82,846
3,077
88,316
--------
---------
--------
---------
At 31 March 2024
3,191
83,514
4,068
90,773
--------
---------
--------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 31 March 2025
80,177
--------
At 31 March 2024
79,955
--------
6. Investments
Other investments other than loans
£
Cost
At 1 April 2024 and 31 March 2025
275,000
---------
Impairment
At 1 April 2024
82,500
Impairment losses
47,500
---------
At 31 March 2025
130,000
---------
Carrying amount
At 31 March 2025
145,000
---------
At 31 March 2024
192,500
---------
7. Debtors
2025
2024
£
£
Trade debtors
1,139,463
611,906
Amounts owed by group undertakings and undertakings in which the company has a participating interest
34,766
34,090
Other debtors
304,043
210,145
------------
---------
1,478,272
856,141
------------
---------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
11,985
Trade creditors
831,634
405,926
Corporation tax
173,965
95,222
Social security and other taxes
21,429
17,865
Other creditors
113,218
81,612
------------
---------
1,140,246
612,610
------------
---------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
45,891
46,497
--------
--------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
6,422
Later than 1 year and not later than 5 years
60,733
69,295
--------
--------
67,155
69,295
--------
--------
11. Directors' advances, credits and guarantees
Directors advances and credits included in debtors during the year were as follows:
G.D McDonald 2025 2024
£ £
Amount brought forward 52,172 61,034
Total credits during the period (182,510) (218,805)
Total advances during the period 126,960 209,943
--------- ---------
Amount carried forward owed to the company (3,378) 52,172
--------- ---------
L.D McDonald 2025 2024
£ £
Amount brought forward 40,581 35,078
Total credits during the period (96,350) (91,565)
Total advances during the period 52,410 97,068
-------- --------
Amount carried forward owed to the company (3,359) 40,581
-------- --------
The loans are interest free and repayable on demand.
12. Related party transactions
During the year dividends of £301,750 (2024 £248,000) were paid to the parent company McDonald Insulation and Maintenance Limited. The balance due from McDonald Insulation and Maintenance Limited and included in debtors is as follows :-
2025 2024
£ £
34,766 34,090
-------- --------
The loan is interest free and repayable on demand.
13. Controlling party
The company is a 100% owned subsidiary of McDonald Insulation and Maintenance Limited, a company incorporated in England.