REGISTERED NUMBER: 03226950 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MCDONALD ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I T Bradshaw

D A Law

REGISTERED OFFICE:

No1 Lindrick Way

Lakeside Park

Barlborough Links

Chesterfield

S43 4XE

REGISTERED NUMBER:

03226950 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

BANKERS:

Bank of Scotland

7 Leopold Street

Sheffield

S1 2FF

FIXED ASSETS

Tangible assets

4

7,286

8,924

Investments

5

1

1

7,287

8,925

CURRENT ASSETS

Debtors

6

616,668

620,626

Cash at bank and in hand

81,040

76,971

697,708

697,597

CREDITORS

Amounts falling due within one year

7

74,369

88,977

NET CURRENT ASSETS

623,339

608,620

TOTAL ASSETS LESS CURRENT LIABILITIES

630,626

617,545

PROVISIONS FOR LIABILITIES

1,822

2,231

NET ASSETS

628,804

615,314

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

627,804

614,314

SHAREHOLDERS' FUNDS

628,804

615,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 24 November 2025 and were signed on its behalf by:

I T Bradshaw - Director

1.	STATUTORY INFORMATION

McDonald Associates 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

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.

Preparation of consolidated financial statements

The financial statements contain information about McDonald Associates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents amounts received for commission during the year and net invoiced fees receivable, excluding value added tax.

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 etc

-

25% on reducing balance and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 10 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

158,424

Additions

552

At 30 November 2024

158,976

DEPRECIATION

At 1 December 2023

149,500

Charge for year

2,190

At 30 November 2024

151,690

NET BOOK VALUE

At 30 November 2024

7,286

At 30 November 2023

8,924

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2023

and 30 November 2024

1

NET BOOK VALUE

At 30 November 2024

1

At 30 November 2023

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

84,433

90,011

Amounts owed by group undertakings

518,061

518,061

Other debtors

14,174

12,554

616,668

620,626

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

11,464

17,771

Taxation and social security

45,073

58,589

Other creditors

17,832

12,617

74,369

88,977

8.	ULTIMATE CONTROLLING PARTY

The controlling party is McDonald 2004 Limited.

The registered of office of McDonald 2004 Limited is No1 Lindrick Way, Lakeside Park, Barlborough, Chesterfield S43 4XE.

The company has no ultimate controlling party.