MacCarthy Contractors Ltd - Filleted accounts

MacCarthy Contractors Ltd
Registered number:		12433905
Balance Sheet
as at 31 January 2025

Notes			2025		2024
			£		£
Fixed assets
Tangible assets	3		41,775		55,699

Current assets
Stocks		80,000		135,000
Debtors	4	34,908		31,355
Cash at bank and in hand		28,444		27,130
		143,352		193,485

Creditors: amounts falling due within one year	5	(132,568)		(169,896)

Net current assets			10,784		23,589

Total assets less current liabilities			52,559		79,288

Creditors: amounts falling due after more than one year	6		(19,720)		(38,345)



Net assets			£32,839		£40,943

Capital and reserves
Called up share capital			50		50
Profit and loss account			32,789		40,893

Shareholder's funds			£32,839		£40,943

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D MacCarthy
Director
Approved by the board on 17 July 2025

MacCarthy Contractors Ltd
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 as applied to small entities by section 1A of the standard. The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	reducing balance @ 25%
	Fixtures, fittings, tools and equipment	reducing balance @ 25%

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025	2024
			Number	Number

	Average number of persons employed by the company		1	1


3	Tangible fixed assets
		Fixtures & fittings	Motor vehicles	Total
		£	£	£
	Cost
	At 1 February 2024	76,517	67,416	143,933
	At 31 January 2025	£76,517	£67,416	£143,933

	Depreciation
	At 1 February 2024	51,115	37,119	88,234
	Charge for the year	6,350	7,574	13,924
	At 31 January 2025	£57,465	£44,693	£102,158

	Net book value
	At 31 January 2025	£19,052	£22,723	£41,775
	At 31 January 2024	£25,402	£30,297	£55,699




4	Debtors		2025	2024
			£	£

	Trade debtors		34,585	25,404
	Other debtors		323	5,951
			£34,908	£31,355


5	Creditors: amounts falling due within one year		2025	2024
			£	£

	Bank loans and overdrafts		10,000	10,000
	Obligations under finance lease and hire purchase contracts		8,507	8,507
	Trade creditors		46,511	58,367
	Corporation tax		5,300	7,037
	Other taxes and social security costs		20,924	39,467
	Other creditors		41,326	46,518
			£132,568	£169,896


6	Creditors: amounts falling due after one year		2025	2024
			£	£

	Bank loans		5,668	15,785
	Obligations under finance lease and hire purchase contracts		14,052	22,560
			£19,720	£38,345


7	Other information

	MacCarthy Contractors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	239 Bullsmoor Lane
	Enfield
	MIDDX
	EN1 4SB