McGeeConsult Ltd 28/02/2025 iXBRL

Company registration number: 15514251

McGeeConsult Ltd

Unaudited filleted financial statements

28 February 2025

McGeeConsult Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

McGeeConsult Ltd

Directors and other information


Directors	Mr Dermot Peter McGee	(Appointed 22 February 2024)
	Mrs Leanda McGee	(Appointed 22 February 2024)


Company number	15514251


Registered office	Tan y Bryn Cottage
	Ffordd y Berth
	Abergele
	Conwy
	LL22 9AU


Accountants	WJ Matthews & Son
	11-15 Bridge Street
	Caernarfon
	Gwynedd
	LL55 1AB




	Bankers	Monzo Bank
		Broadwalk House
		5 Appold Street
		London
		EC2A 2AG

McGeeConsult Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of McGeeConsult Ltd

Period ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McGeeConsult Ltd for the period ended 28 February 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of McGeeConsult Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of McGeeConsult Ltd and state those matters that we have agreed to state to the board of directors of McGeeConsult Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McGeeConsult Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that McGeeConsult Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McGeeConsult Ltd. You consider that McGeeConsult Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of McGeeConsult Ltd. 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 financial statements.

WJ Matthews & Son

Chartaered Accountants

11-15 Bridge Street

Caernarfon

Gwynedd

LL55 1AB

8 October 2025

McGeeConsult Ltd

Statement of financial position

28 February 2025

		28/02/25
	Note	£	£

Fixed assets
Tangible assets	5	178
		_______
			178

Current assets
Stocks		6,643
Debtors	6	1,048
Cash at bank and in hand		6,405
		_______
		14,096
Creditors: amounts falling due
within one year	7	( 13,903)
		_______
Net current assets			193
			_______
Total assets less current liabilities			371


Provisions for liabilities			( 34)

			_______
Net assets			337
			_______

Capital and reserves
Called up share capital			10
Profit and loss account			327
			_______
Shareholders funds			337
			_______

For the period ending 28 February 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 period 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 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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 October 2025 , and are signed on behalf of the board by:

Mr Dermot Peter McGee

Director

Company registration number: 15514251

McGeeConsult Ltd

Notes to the financial statements

Period ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in Wales. The address of the registered office is Tan y Bryn Cottage, Ffordd y Berth, Abergele, Conwy, LL22 9AU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their present location and condition.

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 in finance costs in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 22 February 2024	-	-
Additions	237	237
	_______	_______
At 28 February 2025	237	237
	_______	_______
Depreciation
At 22 February 2024	-	-
Charge for the year	59	59
	_______	_______
At 28 February 2025	59	59
	_______	_______
Carrying amount
At 28 February 2025	178	178
	_______	_______

6. Debtors

			28/02/25
			£
	Other debtors		1,048
			_______

7. Creditors: amounts falling due within one year

			28/02/25
			£
	Corporation tax		7,276
	Social security and other taxes		4,208
	Other creditors		2,419
			_______
			13,903
			_______

8. Directors advances, credits and guarantees

	During the period the directors entered into the following advances and credits with the company:

Period ended 28/02/25
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Dermot Peter McGee	-	( 15)	( 15)
		_______	_______	_______

9. Controlling party

The company is controlled by Mr DP McGee, director.