Company Registration No. 10527957 (England and Wales)
Carey Mc Mullan LTD
Unaudited accounts
for the year ended 31 March 2025
Carey Mc Mullan LTD
Unaudited accounts
Contents
Carey Mc Mullan LTD
Company Information
for the year ended 31 March 2025
Directors
Carl Anthony Carey
Michael Harrington
Company Number
10527957 (England and Wales)
Registered Office
Old Pike View Garage
Moorland Street
Shaw
Oldham
OL2 8EW
Accountants
Streamline Accountancy Limited
Suite 105, 9 St Georges Court
Altrincham Business Park
Dairyhouse Lane
Altrincham
Cheshire
WA14 5UA
Carey Mc Mullan LTD
Statement of financial position
as at 31 March 2025
Tangible assets
302,025
189,631
Investments
180,217
101,037
Cash at bank and in hand
269,608
173,182
Creditors: amounts falling due within one year
(255,890)
(137,178)
Net current assets
661,624
595,086
Total assets less current liabilities
963,649
784,717
Creditors: amounts falling due after more than one year
(68,541)
(18,124)
Provisions for liabilities
Deferred tax
(75,506)
(47,406)
Net assets
819,602
719,187
Called up share capital
10
10
Profit and loss account
819,592
719,177
Shareholders' funds
819,602
719,187
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by
Michael Harrington
Director
Company Registration No. 10527957
Carey Mc Mullan LTD
Notes to the Accounts
for the year ended 31 March 2025
Carey Mc Mullan LTD is a private company, limited by shares, registered in England and Wales, registration number 10527957. The registered office is Old Pike View Garage, Moorland Street, Shaw, Oldham, OL2 8EW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
The accounts are presented in £ sterling.
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
Any estimates and underlying assumptions are reviewed on an ongoing basis. Any revisions to accounting estimates are recognised in the period in which the estimate is revised.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Straight Line
Carey Mc Mullan LTD
Notes to the Accounts
for the year ended 31 March 2025
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
23,652
211,248
39,600
5,109
279,609
Additions
22,492
213,599
-
3,119
239,210
Disposals
-
(89,250)
-
-
(89,250)
At 31 March 2025
46,144
335,597
39,600
8,228
429,569
At 1 April 2024
11,745
67,394
7,827
3,012
89,978
Charge for the year
367
56,354
7,920
1,409
66,050
On disposals
-
(28,484)
-
-
(28,484)
At 31 March 2025
12,112
95,264
15,747
4,421
127,544
At 31 March 2025
34,032
240,333
23,853
3,807
302,025
At 31 March 2024
11,907
143,854
31,773
2,097
189,631
Carey Mc Mullan LTD
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
121,027
135,462
Other debtors
340,662
318,583
6
Investments held as current assets
2025
2024
Unlisted investments
180,217
101,037
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
58,087
22,520
Trade creditors
61,721
36,997
Taxes and social security
77,935
60,780
Other creditors
48,147
6,881
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
66,041
5,624
Assets held under hire purchase are secured upon the assets to which they relate.
Allotted, called up and fully paid:
7 Ordinary A Shares of £0.50 each
3.50
3.50
7 Ordinary B Shares of £0.50 each
3.50
3.50
6 Ordinary C Shares of £0.50 each
3.00
3.00
10
Transactions with related parties
The company has taken advantage of exemptions specified in FRS 102 and not disclosed the detail and nature of the following transactions ; non material transactions, transactions concluded under normal market conditions and transaction with companies under common control including Group companies.
11
Average number of employees
During the year the average number of employees was 4 (2024: 4).