Company Registration No. 03580234 (England and Wales)
McClellan Industrial Services Limited
Unaudited accounts
for the year ended 30 June 2022
McClellan Industrial Services Limited
Unaudited accounts
Contents
McClellan Industrial Services Limited
Company Information
for the year ended 30 June 2022
Director
Raymond McClellan
Company Number
03580234 (England and Wales)
Registered Office
75 WHALLEY ROAD
RAMSBOTTOM
BURY
BL0 0DP
Accountants
Batesons Management Services Ltd
2 Statham Court
Statham Street
Macclesfield
Cheshire
SK11 6XN
McClellan Industrial Services Limited
Statement of financial position
as at
30 June 2022
Tangible assets
22,387
29,541
Inventories
39,000
20,000
Cash at bank and in hand
21,169
5,265
Creditors: amounts falling due within one year
(195,546)
(216,172)
Net current assets/(liabilities)
10,660
(25,213)
Total assets less current liabilities
33,047
4,328
Creditors: amounts falling due after more than one year
(31,788)
(40,000)
Net assets/(liabilities)
1,259
(35,672)
Called up share capital
1,100
1,100
Profit and loss account
159
(36,772)
Shareholders' funds
1,259
(35,672)
For the year ending 30 June 2022 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 24 March 2022 and were signed on its behalf by
Raymond McClellan
Director
Company Registration No. 03580234
McClellan Industrial Services Limited
Notes to the Accounts
for the year ended 30 June 2022
McClellan Industrial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03580234. The registered office is 75 WHALLEY ROAD, RAMSBOTTOM, BURY, BL0 0DP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
McClellan Industrial Services Limited
Notes to the Accounts
for the year ended 30 June 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2021
17,437
52,066
1,186
70,689
At 30 June 2022
17,437
52,066
1,186
70,689
At 1 July 2021
15,175
24,829
1,144
41,148
Charge for the year
339
6,809
6
7,154
At 30 June 2022
15,514
31,638
1,150
48,302
At 30 June 2022
1,923
20,428
36
22,387
At 30 June 2021
2,262
27,237
42
29,541
Amounts falling due within one year
Trade debtors
128,203
138,798
Deferred tax asset
4,456
3,652
Accrued income and prepayments
5,580
3,752
Other debtors
7,798
19,492
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
17,334
13,294
Obligations under finance leases and hire purchase contracts
-
916
Trade creditors
31,109
66,102
Taxes and social security
30,006
15,354
7
Creditors: amounts falling due after more than one year
2022
2021
McClellan Industrial Services Limited
Notes to the Accounts
for the year ended 30 June 2022
8
Deferred taxation
2022
2021
Accelerated capital allowances
(4,456)
(3,652)
Provision at start of year
(3,652)
(1,934)
Credited to the profit and loss account
(804)
(1,718)
Provision at end of year
(4,456)
(3,652)
9
Share capital
2022
2021
Allotted, called up and fully paid:
1,100 Ordinary shares of £1 each
1,100
1,100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
18,615
11,822
23,516
6,921
18,615
11,822
23,516
6,921
Dividends paid to directors in their capacity as shareholders during the year included £20,000 (2019 £37,500) to Mr R G McClellan.
11
Average number of employees
During the year the average number of employees was 1 (2021: 2).