Company Registration No. 8028864 (England and Wales)
McLean & Co Limited
Unaudited accounts
for the year ended 30 April 2021
McLean & Co Limited
Unaudited accounts
Contents
McLean & Co Limited
Company Information
for the year ended 30 April 2021
Directors
K McLean
T P Rice
Company Number
8028864 (England and Wales)
Registered Office
14 Lavers Road
London
N16 0DT
Accountants
Tarrens Accountants Limited
11 Wheatsheaf Close
Ripon
HG4 2SH
McLean & Co Limited
Statement of financial position
as at
30 April 2021
Cash at bank and in hand
44,920
34,648
Creditors: amounts falling due within one year
(11,792)
(15,946)
Net current assets
33,236
30,678
Called up share capital
1,000
1,000
Profit and loss account
32,656
30,522
Shareholders' funds
33,656
31,522
For the year ending 30 April 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 8 October 2021 and were signed on its behalf by
K McLean
Director
Company Registration No. 8028864
McLean & Co Limited
Notes to the Accounts
for the year ended 30 April 2021
McLean & Co Limited is a private company, limited by shares, registered in England and Wales, registration number 8028864. The registered office is 14 Lavers Road, London, N16 0DT.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
McLean & Co Limited
Notes to the Accounts
for the year ended 30 April 2021
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
1,169
6,835
Taxes and social security
4,059
1,959
Loans from directors
3,639
4,227
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).