The McGrigor Corporation Limited - Accounts to registrar (filleted) - small 23.2.5
The McGrigor Corporation Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| The McGrigor Corporation Limited |
| Financial Statements for the Year Ended 31st January 2023 |
| The McGrigor Corporation Limited (Registered number: 04359055) |
| Contents of the Financial Statements |
| for the Year Ended 31st January 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| The McGrigor Corporation Limited |
| Company Information |
| for the Year Ended 31st January 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 2 Oriel Court |
| Omega Park |
| Alton |
| Hampshire |
| GU34 2YT |
| The McGrigor Corporation Limited (Registered number: 04359055) |
| Balance Sheet |
| 31st January 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| The McGrigor Corporation Limited (Registered number: 04359055) |
| Balance Sheet - continued |
| 31st January 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| The McGrigor Corporation Limited (Registered number: 04359055) |
| Notes to the Financial Statements |
| for the Year Ended 31st January 2023 |
| 1. | STATUTORY INFORMATION |
| The McGrigor Corporation Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Listed investments |
| Listed investments are included at fair value. Gains or losses on revaluation are recognised in the profit and loss account. Deferred taxation is provided at the rate expected to apply when the investments are sold. |
| Gains on revaluation, less any reversal of earlier gains are transferred to a revaluation reserve. |
| Realised gains or losses when the investments are sold are transferred from the revaluation reserve to the profit and loss account. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| The McGrigor Corporation Limited (Registered number: 04359055) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st January 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Foreign currencies |
| 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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1st February 2022 |
| Additions |
| Disposals | ( |
) |
| At 31st January 2023 |
| DEPRECIATION |
| At 1st February 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st January 2023 |
| NET BOOK VALUE |
| At 31st January 2023 |
| At 31st January 2022 |
| The McGrigor Corporation Limited (Registered number: 04359055) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st January 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Listed |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1st February 2022 | 198,329 |
| Additions | 1,455 |
| Revaluations | ( |
) | (3,810 | ) |
| At 31st January 2023 | 195,974 |
| NET BOOK VALUE |
| At 31st January 2023 | 195,974 |
| At 31st January 2022 | 198,329 |
| Cost or valuation at 31st January 2023 is represented by: |
| Shares in |
| group | Listed |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2023 | 100 | 195,874 | 195,974 |
| 6. | DEBTORS |
| 2023 | 2022 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| The McGrigor Corporation Limited (Registered number: 04359055) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st January 2023 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Corporation Tax |
| VAT | 8,780 | 471 |
| Other creditors |
| Directors' current accounts | 9,127 | 8,454 |
| Directors' loan accounts | 82,038 | 173,420 |
| Accruals and deferred income |
| 8. | PROVISIONS FOR LIABILITIES |
| 2023 | 2022 |
| £ | £ |
| Deferred tax | 1,719 | 3,144 |
| Deferred |
| tax |
| £ |
| Balance at 1st February 2022 |
| Utilised during year | ( |
) |
| Balance at 31st January 2023 |
| 9. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st February 2022 | 552,450 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Transfer | 3,086 | (3,086 | ) | - |
| At 31st January 2023 | 756,768 |