McCormack Joinery Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06884373

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		45,676		58,821

			45,676		58,821
CURRENT ASSETS
Debtors	5	2,288		12,237
Cash at bank and in hand		66,581		113,779

		68,869		126,016
Creditors: Amounts Falling Due Within One Year	6	(58,548 )		(119,730 )

NET CURRENT ASSETS (LIABILITIES)			10,321		6,286

TOTAL ASSETS LESS CURRENT LIABILITIES			55,997		65,107

Creditors: Amounts Falling Due After More Than One Year	7		-		(11,790 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,984 )		(4,984 )

NET ASSETS			51,013		48,333

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			50,913		48,233

SHAREHOLDERS' FUNDS			51,013		48,333

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McCormack Joinery Ltd

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul McCormack

Director

14/01/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

McCormack Joinery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06884373 . The registered office is The Horse Yard, Place Farm Lane, Doddinghurst, BRENTWOOD, Essex, CM15 0JA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	20% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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McCormack Joinery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 May 2024	114,241	49,316	163,557
Additions	1,885	-	1,885

As at 30 April 2025	116,126	49,316	165,442

Depreciation
As at 1 May 2024	78,691	26,045	104,736
Provided during the period	9,212	5,818	15,030

As at 30 April 2025	87,903	31,863	119,766

Net Book Value
As at 30 April 2025	28,223	17,453	45,676

As at 1 May 2024	35,550	23,271	58,821

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,288	12,237

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	15,919	8,017
Bank loans and overdrafts	12,598	10,648
Corporation tax	13,222	20,912
VAT	11,646	26,990
Accruals and deferred income	2,150	53,150
Directors' loan accounts	3,013	13

	58,548	119,730

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McCormack Joinery Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	11,790

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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