Company Registration No. NI061314 (Northern Ireland)
Stephen J. McDonald Limited
Unaudited accounts
for the year ended 31 March 2025
Stephen J. McDonald Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
54,129
110,460
Creditors: amounts falling due within one year
(28,372)
(111,661)
Net current assets
25,757
799
Called up share capital
2
2
Profit and loss account
27,268
797
Shareholders' funds
27,270
799
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 22 December 2025 and were signed on its behalf by
Stephen McDonald
Director
Company Registration No. NI061314
Stephen J. McDonald Limited
Notes to the Accounts
for the year ended 31 March 2025
Stephen J. McDonald Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI061314. The registered office is 12 Woodcroft Brae, Ballymena, Co. Antrim, BT42 1FY.
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 accounts are presented in £ sterling.
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 rendering of quantity surveying 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.
Having reviewed the resources available the directors believe that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in the preparation of its financial statements.
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:
Fixtures & fittings
20% Reducing-Balance
Stephen J. McDonald Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,351
17,087
Taxes and social security
7,269
21,887
Loans from directors
3,837
29,606
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).