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Company Registration No. 03956848 (England and Wales)
McTernan Associates Limited Unaudited accounts for the year ended 30 April 2026
McTernan Associates Limited Unaudited accounts Contents
Page
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McTernan Associates Limited Company Information for the year ended 30 April 2026
Director
Ian McTernan
Secretary
Mary Ann McTernan
Company Number
03956848 (England and Wales)
Registered Office
Bedford Heights Brickhill Drive Bedford Bedfordshire MK41 7PH
Accountants
McTernan Associates Ltd Bedford Heights Brickhill Drive Bedford Bedfordshire MK41 7PH
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McTernan Associates Limited Statement of financial position as at 30 April 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,407 
20,385 
Investments
112,000 
- 
137,407 
20,385 
Current assets
Debtors
3,588 
4,881 
Cash at bank and in hand
2,945 
5,459 
6,533 
10,340 
Creditors: amounts falling due within one year
(137,216)
(36,333)
Net current liabilities
(130,683)
(25,993)
Total assets less current liabilities
6,724 
(5,608)
Creditors: amounts falling due after more than one year
(437)
(5,665)
Net assets/(liabilities)
6,287 
(11,273)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,187 
(11,373)
Shareholders' funds
6,287 
(11,273)
For the year ending 30 April 2026 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 director acknowledges his 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 and authorised for issue on 22 July 2026 and were signed on its behalf by
Ian McTernan Director Company Registration No. 03956848
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McTernan Associates Limited Notes to the Accounts for the year ended 30 April 2026
1
Statutory information
McTernan Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 03956848. The registered office is Bedford Heights, Brickhill Drive, Bedford, Bedfordshire , MK41 7PH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
10%
Fixtures & fittings
10%
Computer equipment
18%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2025
6,747 
20,995 
3,601 
31,343 
Additions
2,647 
- 
3,780 
6,427 
Disposals
- 
- 
(3,601)
(3,601)
At 30 April 2026
9,394 
20,995 
3,780 
34,169 
Depreciation
At 1 May 2025
2,429 
7,369 
1,160 
10,958 
Charge for the year
(550)
(1,071)
3,026 
1,405 
On disposals
- 
- 
(3,601)
(3,601)
At 30 April 2026
1,879 
6,298 
585 
8,762 
Net book value
At 30 April 2026
7,515 
14,697 
3,195 
25,407 
At 30 April 2025
4,318 
13,626 
2,441 
20,385 
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McTernan Associates Limited Notes to the Accounts for the year ended 30 April 2026
5
Investments
Other investments 
£ 
Valuation at 1 May 2025
- 
Additions
112,000 
Valuation at 30 April 2026
112,000 
6
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,588 
4,881 
7
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
VAT
2,636 
1,556 
Taxes and social security
- 
(33)
Loans from directors
134,580 
34,810 
137,216 
36,333 
8
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
437 
5,665 
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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