Mccarthy_Construction_Ltd_31_Aug_2025_companies_house_set_of

Mccarthy Construction Ltd

Report to the board of directors on the preparation of the unaudited statutory financial statements of Mccarthy Construction Ltd

Year ended

31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements

Mccarthy Construction Ltd

for the year ended

31 August 2025

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.

As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/.

This report is made solely to the Board of Directors of

Mccarthy Construction Ltd

, as a body, in accordance with the terms of my engagement letter dated 22 November 2021. My work has been undertaken solely to prepare for your approval the

financial statements

Mccarthy Construction Ltd

and state those matters that I have agreed to state to the Board of Directors of

Mccarthy Construction Ltd

, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than

Mccarthy Construction Ltd

and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that

Mccarthy Construction 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 loss of

Mccarthy Construction Ltd

. You consider that

Mccarthy Construction Ltd

is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Mccarthy Construction Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

N J C ACCOUNTANCY SERVICES

8 LAVENDER CLOSE

THORNBURY

BS35 1UL

United Kingdom

Date:

28 November 2025

Mccarthy Construction Ltd

Statement of Financial Position

31 August 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	948,078		1,038,740
Current assets
Stocks		24,434		21,453
Debtors	6	179,216		177,202
Investments	7	400,000		-
Cash at bank and in hand		301,284		851,718
		904,934		1,050,373
Creditors: amounts falling due within one year	8	(147,850	)	(201,757	)
Net current assets		757,084		848,616
Total assets less current liabilities		1,705,162		1,887,356
Creditors: amounts falling due after more than one year	9	(25,549	)	(127,939	)
Net assets		1,679,613		1,759,417
Capital and reserves
Called up share capital		100		100
Profit and loss account		1,679,513		1,759,317
Shareholders funds		1,679,613		1,759,417

For the year ending

31 August 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges 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.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

28 November 2025

, and are signed on behalf of the board by:

Mr Patrick Mccarthy

Director

Company registration number:

04876992

Mccarthy Construction Ltd

Notes to the Financial Statements

Year ended

31 August 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

The Old Quarry, Construction House

Clevedon Road

Bristol

Somerset

BS8 3TU

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	20% Writing Down Allowance
Motor vehicles	20% Writing Down Allowance
Office equipment	20% Writing Down Allowance

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

3.00

5 Tangible assets

	Land and buildings	Plant and machinery etc.		Total
	£	£		£
Cost
At 1 September 2024	722,039	1,259,987		1,982,026
Additions	-	32,000		32,000
Disposals	-	(64,600	)	(64,600	)
At 31 August 2025	722,039	1,227,387		1,949,426
Depreciation
At 1 September 2024	22,386	920,900		943,286
Charge	6,189	63,873		70,062
Disposals	-	(12,000	)	(12,000	)
At 31 August 2025	28,575	972,773		1,001,348
Carrying amount
At 31 August 2025	693,464	254,614		948,078
At 31 August 2024	699,653	339,087		1,038,740

Investment property

Included in land and buildings are the following amounts in relation to investment properties:

	2025
	£
Carrying value at 1 September 2024 and 31 August 2025	693,464

6 Debtors

	2025	2024
	£	£
Trade debtors	118,521	108,930
Other debtors	60,695	68,272
	179,216	177,202

7 Investments

	2025		2024
	£		£
Other current asset investments	400,000		-

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	12,418	38,880
Trade creditors	6,117	21,585
Taxation and social security	19,120	4,543
Other creditors	110,195	136,749
	147,850	201,757

9 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	25,549		127,939