REGISTERED NUMBER: 01055976 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MCNAMARA CONTRACTORS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTOR:

B G McNamara

SECRETARY:

N T Cole

REGISTERED OFFICE:

108 The Hundred

Romsey

Hampshire

SO51 8BY

REGISTERED NUMBER:

01055976 (England and Wales)

ACCOUNTANTS:

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

195,603

169,439

195,603

169,439

CURRENT ASSETS

Stocks

58,959

58,959

Debtors

6

1,474,814

1,168,612

Cash at bank and in hand

158,567

300,815

1,692,340

1,528,386

CREDITORS

Amounts falling due within one year

7

632,017

422,383

NET CURRENT ASSETS

1,060,323

1,106,003

TOTAL ASSETS LESS CURRENT LIABILITIES

1,255,926

1,275,442

CREDITORS

Amounts falling due after more than one year

8

(3,752

)

(42,241

)

PROVISIONS FOR LIABILITIES

(18,798

)

(11,973

)

NET ASSETS

1,233,376

1,221,228

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,223,376

1,211,228

SHAREHOLDERS' FUNDS

1,233,376

1,221,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2025 and were signed by:

B G McNamara - Director

1.	STATUTORY INFORMATION

McNamara Contractors 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

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.

Websites are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Commercial vehicles

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

15% on reducing balance

Fixed assets are initially recognised at cost.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Websites

£

COST

At 1 March 2024

and 28 February 2025

3,000

AMORTISATION

At 1 March 2024

and 28 February 2025

3,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Commercial

Motor

machinery

vehicles

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

592,210

178,401

20,335

64,046

854,992

Additions

36,032

25,385

3,500

-

64,917

Disposals

(2,472

)

-

-

-

(2,472

)

At 28 February 2025

625,770

203,786

23,835

64,046

917,437

DEPRECIATION

At 1 March 2024

494,346

123,126

14,088

53,993

685,553

Charge for year

16,372

17,173

1,706

1,508

36,759

Eliminated on disposal

(478

)

-

-

-

(478

)

At 28 February 2025

510,240

140,299

15,794

55,501

721,834

NET BOOK VALUE

At 28 February 2025

115,530

63,487

8,041

8,545

195,603

At 29 February 2024

97,864

55,275

6,247

10,053

169,439

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 March 2024

and 28 February 2025

96,000

DEPRECIATION

At 1 March 2024

15,378

Charge for year

12,093

At 28 February 2025

27,471

NET BOOK VALUE

At 28 February 2025

68,529

At 29 February 2024

80,622

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

483,113

668,313

Amounts recoverable on contract

880,096

389,663

Other debtors

111,605

110,636

1,474,814

1,168,612

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

9,999

Hire purchase contracts

28,139

28,952

Trade creditors

530,630

298,668

Taxation and social security

18,135

24,478

Other creditors

45,113

60,286

632,017

422,383

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,752

14,102

Hire purchase contracts

-

28,139

3,752

42,241

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

13,752

24,101

Hire purchase contracts

28,139

57,091

41,891

81,192

10.	RELATED PARTY DISCLOSURES

TRANSACTIONS WITH SHAREHOLDERS

A non interest bearing loan on which no terms of repayment have been agreed. The amount due to shareholders at the balance sheet date amounted to £23,554 (2024 - £24,290).

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McNamara Contractors Limited for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of McNamara Contractors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of McNamara Contractors Limited and state those matters that we have agreed to state to the director of McNamara Contractors Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McNamara Contractors Limited and its director for our work or for this report.

It is your duty to ensure that McNamara Contractors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McNamara Contractors Limited. You consider that McNamara Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of McNamara Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

6 November 2025