REGISTERED NUMBER: 04485633 (England and Wales)

Unaudited Financial Statements

for the Year Ended 23 November 2025

for

McCloy (LS) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J McCloy

Mrs J M McCloy

S J Carleton

REGISTERED OFFICE:

McCloy Legal

4A The Shambles

Bradford on Avon

Wiltshire

BA15 1JS

REGISTERED NUMBER:

04485633 (England and Wales)

FIXED ASSETS

Intangible assets

5

224,000

252,000

Tangible assets

6

16,158

19,826

240,158

271,826

CURRENT ASSETS

Stocks

89,000

85,000

Debtors

7

72,651

57,091

Prepayments and accrued income

66,729

74,101

Cash at bank and in hand

372,548

382,387

600,928

598,579

CREDITORS

Amounts falling due within one year

8

440,570

446,038

NET CURRENT ASSETS

160,358

152,541

TOTAL ASSETS LESS CURRENT LIABILITIES

400,516

424,367

PROVISIONS FOR LIABILITIES

(4,039

)

(4,956

)

ACCRUALS AND DEFERRED INCOME

(8,573

)

(17,714

)

NET ASSETS

387,904

401,697

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

387,902

401,695

SHAREHOLDERS' FUNDS

387,904

401,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

P J McCloy - Director

Mrs J M McCloy - Director

1.	STATUTORY INFORMATION

McCloy (LS) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Fee income represents the fair value of services provided during the period on client assignments. Fair value reflects the amounts expected to be recoverable from clients based on time spent, skills provided and expenses incurred, and excludes VAT. Income is recognised as contract activity progresses and the right to consideration is secured, expect where the final outcome cannot be assessed with reasonable certainty.

Income in respect of contingent fee assignments is recognised in the period when the contingent event occurs and recoverability of the fee is assured.

Unbilled income on individual client assignments is included as amounts recoverable on contracts within stock.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

10% on straight line basis

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 16 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 24 November 2024

and 23 November 2025

280,000

AMORTISATION

At 24 November 2024

28,000

Amortisation for year

28,000

At 23 November 2025

56,000

NET BOOK VALUE

At 23 November 2025

224,000

At 23 November 2024

252,000

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 24 November 2024

10,183

16,117

26,300

Additions

-

2,161

2,161

At 23 November 2025

10,183

18,278

28,461

DEPRECIATION

At 24 November 2024

4,862

1,612

6,474

Charge for year

549

5,280

5,829

At 23 November 2025

5,411

6,892

12,303

NET BOOK VALUE

At 23 November 2025

4,772

11,386

16,158

At 23 November 2024

5,321

14,505

19,826

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

72,651

57,091

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

200,000

200,000

Trade creditors

4,320

2,529

Tax

113,121

123,754

Social security and other taxes

13,912

11,403

VAT

73,402

74,982

Other creditors

30,633

29,115

Directors' current accounts

5,182

4,255

440,570

446,038

9.	OTHER FINANCIAL COMMITMENTS

The company occupies two properties under periodic business tenancies, terminable by either party with six months’ notice. The total financial commitment is £10,250.

10.	RELATED PARTY DISCLOSURES

As at 23 November 2025 a loan of £200,000 (2024 - £200,000) is due to Busmar Limited, a company which is under common control.

The loan is payable on demand and does not accrue interest.

11.	ULTIMATE CONTROLLING PARTY

12.	TRANSITION TO FRS 102 SECTION 1A

During the transition to FRS 102 section 1a, deferred tax has been included as prescribed by the accounting standards. An adjustment of £4,956 was made on 24 November 2023 to introduce this balance.