| Eakin Macdonald & Associates Limited |
| Registered Number:03894721 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
Eakin Macdonald & Associates Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
3,979
5,305
2
169,801
169,801
3
173,780
175,106
| Trade and other receivables |
45,891
67,431
4
69,377
| Cash and cash equivalents |
69,267
136,698
115,268
| Trade and other payables: amounts falling due within one |
| year |
(229,177)
(169,088)
5
(113,909)
(32,390)
Net current liabilities
| Total assets less current liabilities |
141,390
61,197
| Trade and other payables: amounts falling due after more |
| than one year |
(21,565)
(10,314)
6
131,076
Net assets
39,632
2
2
131,074
39,630
131,076
39,632
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2024
Eakin Macdonald & Associates Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 24 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Eakin Macdonald & Associates Limited
Notes to the Financial Statements
Statutory Information
| Eakin Macdonald & Associates Limited is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 03894721. |
Bryn Awel
Brithdir
Dolgellau
Gwynedd
LL40 2RR
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and |
| the Companies Act 2006. The financial statements have been prepared under the historical costs convention |
| as modified by the revaluation of certain assets. |
| The company has taken advantage of the option not to prepare consolidated financial statements contained in |
| section 398, Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a |
| small group. |
| The Statement of Financial Position shows Net Current Liabilities of £32,390 at 31 December 2024 (2023: |
| £113,909). Included in this sum is a director's loan totalling £148,310 (2023: £203,991). The director has |
| pledged their continuing financial support to the company by not demanding repayment of their debt unless |
| cashflow from the company's ordinary activities allows. The loan is interest-free and bears no fixed date for |
| repayment. |
| After making enquiries the directors have a reasonable expectation that the company has sufficient working |
| capital to continue in operational existence for the foreseeable future and to meet its liabilities as they fall |
| due. Accordingly, the financial statements have been prepared on the going concern basis. |
Significant judgements and estimates
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
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For the year ended 31 December 2024
Eakin Macdonald & Associates Limited
Notes to the Financial Statements Continued
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates, returns and value added tax, for the sale of goods or the provision of services in the ordinary course of the company's activities. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the company and specific criteria have been met for each of the company's activities. |
| Property, plant and equipment |
| Tangible assets are stated in the Statement of Financial Position at cost or valuation less any subsequent |
| accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible fixed assets |
| includes directly attributable incremental costs incurred in their acquisition and installation. |
| Depreciation is charged at rates calculated to write off the cost or valuation of fixed assets, other than |
| freehold land, less their estimated residual value over their expected useful lives as follows: |
| Asset class: Depreciation method and rate: |
| Furniture and fittings 25% reducing balance |
Business combinations
| Business combinations are accounted for using the purchase method. The consideration for each acquisition |
| is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or |
| assumed and equity instruments issued by the group in exchange for control of the acquired plus any costs |
| directly attributable to the business combination. When a business combination agreement provides for an |
| adjustment to the cost of the combination contingent on future events, the group includes the estimated |
| amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable |
| and can be measured reliably. |
Borrowings
| Interest-bearing borrowings are initially recorded at fair value net of transaction costs. Interest-bearing |
| borrowings are subsequently carried at amortised cost with the difference between the proceeds, net of |
| transaction costs, and the amount due on redemption being recognised as a charge to the Statement of |
| Income over the period of the relevant borrowing. |
| Interest expense is recognised on the basis of the effective interest method and is included in interest payable |
| and similar charges. |
| Borrowings are classified as current liabilities unless the company has an unconditional right to defer |
| settlement of the liability for at least twelve months after the reporting date. |
Group Accounts
| The company has taken advantage of the option not to prepare consolidated financial statements contained in |
| Section 398, Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a |
| small group. |
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For the year ended 31 December 2024
Eakin Macdonald & Associates Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
10,767
10,767
| Provision for depreciation and impairment |
5,462
Charge for year
1,326
6,788
3,979
5,305
| 3. Investments held as fixed assets |
| Shares in group and participating interests |
169,801
169,801
169,801
169,801
169,801
169,801
169,801
169,801
| 4. Trade and other receivables |
2023
2024
67,431
45,891
| The debtors above include the following amounts falling due after more than one year: |
15,048
9,595
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For the year ended 31 December 2024
Eakin Macdonald & Associates Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
11,251
11,251
1,667
2,767
| Taxation and social security |
5,484
6,831
| Accruals and deferred income |
2,376
4,337
148,310
203,991
169,088
229,177
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
10,314
21,565
| 7. Related party transactions |
| Exemption has been taken under paragraph 1AC. 35, FRS 102 not to disclose transactions and balances with |
| other group companies that are wholly owned within the group. |
| Included in note 5 to the financial statements, trade and other payables: amounts falling due within one year, |
| is the following amount owed by the company at 31 December 2024: |
| Amount owed to a director: £148,310 (2023: £203,991). The loan in unsecured, interest-free and bears no |
| fixed date for repayment. |
| 8. Directors advances and guarantees |
| Included in note 4 to the financial statements, trade and other receivables, is the following amount owed to |
| the company at 31 December 2024: |
| Amount owed by a director: £44,586 (2023: £28,430) |
| Advances totalling £16,156 (2023: £20,241) were made during the year and no repayments (2023: £0) were |
| made by the director. The loan is interest-free. |
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For the year ended 31 December 2024
Eakin Macdonald & Associates Limited
Notes to the Financial Statements Continued
| 9. Guarantees and other financial commitments |
| Amounts not provided for in the Statement of Financial Position: |
| At 31 December 2024 the company had annual commitments under non-cancellable operating leases payable |
| as follows: |
| Due within one year - £20,600 |
| Due between 2 and 5 years - £41,200 |
| 10. Average number of persons employed |
During the year the average number of employees was 1 (2023: 0)
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