REGISTERED NUMBER: 03493184 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

McDade Roberts Accountants Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K R Carey BA (Hons) FCA

Mr M Garry BA (Hons), FCA

Mrs C H Richards FCA

REGISTERED OFFICE:

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

REGISTERED NUMBER:

03493184 (England and Wales)

FIXED ASSETS

Intangible assets

4

71,757

90,213

Tangible assets

5

6,817

11,235

78,574

101,448

CURRENT ASSETS

Debtors

6

771,474

726,020

Cash in hand

536

968

772,010

726,988

CREDITORS

Amounts falling due within one year

7

488,587

430,234

NET CURRENT ASSETS

283,423

296,754

TOTAL ASSETS LESS CURRENT LIABILITIES

361,997

398,202

CREDITORS

Amounts falling due after more than one year

8

(120,748

)

(159,951

)

PROVISIONS FOR LIABILITIES

(1,316

)

(2,335

)

NET ASSETS

239,933

235,916

CAPITAL AND RESERVES

Called up share capital

17,601

17,600

Share premium

151,555

151,555

Retained earnings

70,777

66,761

SHAREHOLDERS' FUNDS

239,933

235,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mr M Garry BA (Hons), FCA - Director

1.	STATUTORY INFORMATION

McDade Roberts Accountants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements have been prepared in pounds sterling which is the functional currency of the company.

Significant judgements and estimates

In the preparation of the financial statements the directors have made judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the year end date and the amounts reported for income and expenses during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised as contract activities progress when the amount of revenue can be reliably measured and that it is probable that future economic benefits will flow to the company.

Goodwill

Goodwill, being the amounts paid to acquire client banks, are initially recognised at cost. They are then amortised over the the expected useful life and amoritsation is calculated between 5 to 20 years depending on the nature of the acquisition.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Depreciation is provided on a monthly basis based on when the assets are brought into use.

Tangible fixed assets recognition

Tangible fixed assets are initially recognised at cost. After initial recognition, tangible assets are included at cost less any accumulated depreciation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,360,546

AMORTISATION

At 1 April 2024

1,270,333

Charge for year

18,456

At 31 March 2025

1,288,789

NET BOOK VALUE

At 31 March 2025

71,757

At 31 March 2024

90,213

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

269,850

Additions

1,276

At 31 March 2025

271,126

DEPRECIATION

At 1 April 2024

258,615

Charge for year

5,694

At 31 March 2025

264,309

NET BOOK VALUE

At 31 March 2025

6,817

At 31 March 2024

11,235

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

268,292

221,054

Amounts owed by group undertakings

281,465

232,550

Amounts owed by associates

22,312

13,222

Other debtors

199,405

259,194

771,474

726,020

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

112,099

87,672

Trade creditors

1,573

19,308

Taxation and social security

198,069

167,412

Other creditors

176,846

155,842

488,587

430,234

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

120,748

159,951

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

16,117

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

42,717

9,217

Between one and five years

123,542

32,259

166,259

41,476

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

69,242

44,815

Bank loans

163,605

202,808

232,847

247,623

The bank loan and overdraft facilities provided by National Westminster Bank PLC are secured by way of a fixed and floating charge over the undertaking of the company, dated 25 November 2013. The directors have also provided personal guarantees.

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end Mrs C H Richards owed the company £2,593. The loan to the director is interest free and repayable upon demand.The balance due was cleared within 9 months of the year end date.

12.	RELATED PARTY DISCLOSURES

Companies with common control

Throughout the year the company had made an interest free loan to a company under common control. The balance owing is shown within debtors and at the year end was £22,312 (2024: £12,222).

Companies within same group

Throughout the year the company had made an interest free loan to its parent company. The balance owing is shown within debtors and at the year end was £281,465 (2024: £12,222).

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is McDade Roberts Holdings (2016) Ltd.