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J. A. MCDONAGH ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






J. A. MCDONAGH ENGINEERING LIMITED (REGISTERED NUMBER: 01297772)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. A. MCDONAGH ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: J A McDonagh (Snr)
J A McDonagh
Mrs R H McDonagh





REGISTERED OFFICE: Unit 16, Northedge Business Park,
Alfreton Road
Derby
Derbyshire
DE21 4BN





REGISTERED NUMBER: 01297772 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

J. A. MCDONAGH ENGINEERING LIMITED (REGISTERED NUMBER: 01297772)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,022 10,377
Tangible assets 5 674,621 458,391
683,643 468,768

CURRENT ASSETS
Stocks 111,000 97,600
Debtors 6 1,551,331 825,753
Cash at bank 913,384 1,088,245
2,575,715 2,011,598
CREDITORS
Amounts falling due within one year 7 952,220 634,760
NET CURRENT ASSETS 1,623,495 1,376,838
TOTAL ASSETS LESS CURRENT LIABILITIES 2,307,138 1,845,606

CREDITORS
Amounts falling due after more than one
year

8

(161,464

)

(122,974

)

PROVISIONS FOR LIABILITIES 11 (157,800 ) (110,700 )
NET ASSETS 1,987,874 1,611,932

CAPITAL AND RESERVES
Called up share capital 12 200 200
Retained earnings 1,987,674 1,611,732
SHAREHOLDERS' FUNDS 1,987,874 1,611,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J. A. MCDONAGH ENGINEERING LIMITED (REGISTERED NUMBER: 01297772)

BALANCE SHEET - continued
31 JANUARY 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





J A McDonagh - Director


J. A. MCDONAGH ENGINEERING LIMITED (REGISTERED NUMBER: 01297772)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

J. A. McDonagh Engineering Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


J. A. MCDONAGH ENGINEERING LIMITED (REGISTERED NUMBER: 01297772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 February 2024
and 31 January 2025 13,550
AMORTISATION
At 1 February 2024 3,173
Amortisation for year 1,355
At 31 January 2025 4,528
NET BOOK VALUE
At 31 January 2025 9,022
At 31 January 2024 10,377

J. A. MCDONAGH ENGINEERING LIMITED (REGISTERED NUMBER: 01297772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2024 15,700 1,607,141 160,091 1,782,932
Additions 23,072 330,447 29,799 383,318
At 31 January 2025 38,772 1,937,588 189,890 2,166,250
DEPRECIATION
At 1 February 2024 - 1,219,740 104,801 1,324,541
Charge for year 646 148,264 18,178 167,088
At 31 January 2025 646 1,368,004 122,979 1,491,629
NET BOOK VALUE
At 31 January 2025 38,126 569,584 66,911 674,621
At 31 January 2024 15,700 387,401 55,290 458,391

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,383,615 793,788
Other debtors 167,716 31,965
1,551,331 825,753

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,445 10,000
Hire purchase contracts (see note 9) 114,588 57,798
Trade creditors 433,243 306,655
Taxation and social security 259,485 202,759
Other creditors 134,459 57,548
952,220 634,760

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 11,634 21,583
Hire purchase contracts (see note 9) 149,830 101,391
161,464 122,974

J. A. MCDONAGH ENGINEERING LIMITED (REGISTERED NUMBER: 01297772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 114,588 57,798
Between one and five years 149,830 101,391
264,418 159,189

Non-cancellable operating leases
2025 2024
£    £   
Within one year 137,900 -
Between one and five years 540,108 -
678,008 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 22,079 31,583
Hire purchase contracts 264,418 159,189
286,497 190,772

Assets financed under hire purchase agreements are secured on the individual assets concerned.

11. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 157,800 110,700

Deferred
tax
£   
Balance at 1 February 2024 110,700
Provided during year 47,100
Balance at 31 January 2025 157,800

J. A. MCDONAGH ENGINEERING LIMITED (REGISTERED NUMBER: 01297772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
200 Ordinary 1 200 200

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to the directors subsisted during the years ended 31 January 2025 and 31 January 2024:

20252024
£ £
Balance outstanding at start of year--
Amounts advanced191,728132,394
Amounts repaid(70,081)(132,394)
Amounts written off--
Amounts waived--
Balance outstanding at end of year121,647-

Interest is charged by the company on loans made to directors, at HMRC approved rates. The interest charged and included in the accounts amounted to £879 (2024: £Nil).