McCormack Investments Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 04176591

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,744		-

			1,744		-
CURRENT ASSETS
Debtors	5	111,635		132,510
Cash at bank and in hand		57,328		52,925

		168,963		185,435
Creditors: Amounts Falling Due Within One Year	6	(76,403 )		(95,196 )

NET CURRENT ASSETS (LIABILITIES)			92,560		90,239

TOTAL ASSETS LESS CURRENT LIABILITIES			94,304		90,239

Creditors: Amounts Falling Due After More Than One Year	7		(1,600 )		(11,200 )

NET ASSETS			92,704		79,039

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			92,702		79,037

SHAREHOLDERS' FUNDS			92,704		79,039

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew McCormack

Director

15/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

McCormack Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04176591 . The registered office is Unit 1, Hedley Avenue, Grays, Essex, RM20 4EL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

33% on cost

2.4. Financial Instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a

party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial

recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the

effective interest rate method. A provision is established when there is objective evidence that the company will

not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank

and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and an equity

instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of direct issue costs.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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McCormack Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	1,132
Additions	2,603

As at 31 March 2025	3,735

Depreciation
As at 1 April 2024	1,132
Provided during the period	859

As at 31 March 2025	1,991

Net Book Value
As at 31 March 2025	1,744

As at 1 April 2024	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	19,700	18,110
Other debtors	91,935	114,400

	111,635	132,510

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,400	16,800
Bank loans and overdrafts	9,600	9,600
Other loans	60,000	60,000
Other creditors	1,403	7,526
Taxation and social security	-	1,270

	76,403	95,196

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,600	11,200

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

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McCormack Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	160,000	160,000

	160,000	160,000

10. Related Party Transactions

Included within other debtors due within one year is an interest free loan made to an unconnected third party of £40,000 which is repayable on demand.

Included within other debtors due within one year is a balance of £50,000 (2024 - £100,000) due from McCormack Benson Health & Safety Limited, a company incorporated within the UK, in which the director has a material interest. The loan is interest free, and repayable on demand.

Included in other loans due within one year is a balance of £60,000 in connection to a loan made to the company by a related party to the director. The loan is repayable on demand, and paying an interest rate of 5% P/A.

During the year there were management fees charged to the company of £4,500 by McCormack Benson Health & Safety Ltd, a company incorporated within the UK, in which the director has a material interest.

11. Exceptional Items

During the year a loan due to a company in which one of the directors has a material interest was released of £6,394.

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