REGISTERED NUMBER: 01392585 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

T. McGranaghan Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P McGranaghan

SECRETARY:

T McGranaghan

REGISTERED OFFICE:

t/a M G Joinery

Dutton Road

Aldermans Green Industrial Estate

Coventry

CV2 2LE

REGISTERED NUMBER:

01392585 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Tangible assets

4

150,905

172,021

CURRENT ASSETS

Stocks

54,072

68,675

Debtors

5

188,729

224,489

Cash at bank and in hand

46,221

55,024

289,022

348,188

CREDITORS

Amounts falling due within one year

6

222,268

307,614

NET CURRENT ASSETS

66,754

40,574

TOTAL ASSETS LESS CURRENT LIABILITIES

217,659

212,595

CREDITORS

Amounts falling due after more than one year

7

(217,500

)

(172,833

)

PROVISIONS FOR LIABILITIES

(25,619

)

(32,569

)

NET (LIABILITIES)/ASSETS

(25,460

)

7,193

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(26,460

)

6,193

(25,460

)

7,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2026 and were signed by:

P McGranaghan - Director

1.	STATUTORY INFORMATION

T. McGranaghan 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Going concern

The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of the approval of the financial statements.The directors have concluded that there are no material uncertainties about the company's ability to continue as a going concern and they are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in the preparation of the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

566,139

16,335

78,388

7,064

667,926

Additions

4,205

-

-

-

4,205

At 31 October 2025

570,344

16,335

78,388

7,064

672,131

DEPRECIATION

At 1 November 2024

423,788

-

65,059

7,058

495,905

Charge for year

21,983

-

3,332

6

25,321

At 31 October 2025

445,771

-

68,391

7,064

521,226

NET BOOK VALUE

At 31 October 2025

124,573

16,335

9,997

-

150,905

At 31 October 2024

142,351

16,335

13,329

6

172,021

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

82,320

233,990

Bad debt provision

(11,892

)

(18,455

)

Other debtors

111,145

-

Prepayments

7,156

8,954

188,729

224,489

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

16,334

28,000

Trade creditors

85,667

135,011

Tax

38,974

54,263

Social security and other taxes

8,607

8,687

Pension payable

269

-

VAT

40,330

45,776

Other creditors

5,219

3,949

Directors' current accounts

923

611

Accrued expenses

3,456

4,859

Deferred grants

22,489

26,458

222,268

307,614

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans - 1-2 years

-

16,333

Other creditors

217,500

156,500

217,500

172,833