J McDonagh & Sons Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08844894

J McDONAGH & SONS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

J McDONAGH & SONS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		201,972		244,423

CURRENT ASSETS

Debtors	7	62,618	74,439
Cash at bank and in hand		12,233	19,766
		--------	--------
		74,851	94,205

CREDITORS: amounts falling due within one year	8	( 32,709)		( 34,124)
		--------		--------
NET CURRENT ASSETS			42,142		60,081
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			244,114		304,504

PROVISIONS

Taxation including deferred tax	( 42,892)	( 48,181)
	---------	---------
NET ASSETS	201,222	256,323
	---------	---------

CAPITAL AND RESERVES

Called up share capital	1,000	1,000
Profit and loss account	200,222	255,323
	---------	---------
SHAREHOLDERS FUNDS	201,222	256,323
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 March 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 year 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 .

J McDONAGH & SONS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

John McDonagh	Julie McDonagh
Director	Director

Company registration number: 08844894

J McDONAGH & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tong Lane Mine, Tong Lane, Bradford, West Yorkshire, BD4 0RU.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

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.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.

Income tax

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

Amortisation

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

	Goodwill	-	20% straight line

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

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:

Office unit	-	5% straight line
Plant & Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Computer Equipment	-	33% straight line

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	75,000
	--------
Amortisation
At 1 April 2024 and 31 March 2025	75,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

6. TANGIBLE ASSETS

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	9,850	296,227	225,899	3,595	535,571
Additions	–	–	37,602	–	37,602
Disposals	–	( 10,000)	( 30,320)	–	( 40,320)
	-------	---------	---------	-------	---------
At 31 March 2025	9,850	286,227	233,181	3,595	532,853
	-------	---------	---------	-------	---------
Depreciation
At 1 April 2024	3,710	187,877	96,984	2,577	291,148
Charge for the year	742	26,900	25,991	719	54,352
Disposals	–	( 9,249)	( 5,370)	–	( 14,619)
	-------	---------	---------	-------	---------
At 31 March 2025	4,452	205,528	117,605	3,296	330,881
	-------	---------	---------	-------	---------
Carrying amount
At 31 March 2025	5,398	80,699	115,576	299	201,972
	-------	---------	---------	-------	---------
At 31 March 2024	6,140	108,350	128,915	1,018	244,423
	-------	---------	---------	-------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	37,746	46,333
Other debtors	24,872	28,106
	--------	--------
	62,618	74,439
	--------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	589	705
Corporation tax	17,708	20,988
Social security and other taxes	9,649	5,601
Other creditors	498	70
Other creditors	4,265	6,760
	--------	--------
	32,709	34,124
	--------	--------