Company Registration No. 08930102 (England and Wales)
McGiff Developments Limited
Unaudited accounts
for the year ended 31 March 2021
McGiff Developments Limited
Unaudited accounts
Contents
McGiff Developments Limited
Company Information
for the year ended 31 March 2021
Company Number
08930102 (England and Wales)
Registered Office
34 The Maltings
Leighton Buzzard
Beds
LU7 4BS
Accountants
Balanced Books Accountancy Services Ltd
56 Station Road
Station road
Stanbridge
Beds
LU7 9JF
McGiff Developments Limited
Statement of financial position
as at
31 March 2021
Tangible assets
3,296
4,394
Cash at bank and in hand
28,190
4,136
Creditors: amounts falling due within one year
(16,324)
(6,741)
Net current assets
18,015
514
Total assets less current liabilities
21,311
4,908
Creditors: amounts falling due after more than one year
(15,000)
-
Called up share capital
1
1
Profit and loss account
6,310
4,907
Shareholders' funds
6,311
4,908
For the year ending 31 March 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 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 30 June 2021 and were signed on its behalf by
S McGiff
Director
Company Registration No. 08930102
McGiff Developments Limited
Notes to the Accounts
for the year ended 31 March 2021
McGiff Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 08930102. The registered office is 34 The Maltings, Leighton Buzzard, Beds, LU7 4BS.
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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
12,602
6,860
1,798
21,260
At 31 March 2021
12,602
6,860
1,798
21,260
At 1 April 2020
11,102
3,966
1,798
16,866
Charge for the year
375
723
-
1,098
At 31 March 2021
11,477
4,689
1,798
17,964
At 31 March 2021
1,125
2,171
-
3,296
At 31 March 2020
1,500
2,894
-
4,394
5
Debtors: amounts falling due within one year
2021
2020
McGiff Developments Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
1,786
1,538
Taxes and social security
2,723
2,710
Loans from directors
8,563
591
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).