Mcdermott Investments Limited in Birmingham, B6 5RS

Description

Data updated on: 01-11-2023

Mcdermott Investments Limited with the registration number 11147331 has been in this business field for 6 years. The Private Limited Company can be reached at Linton House Catherine Street, Aston in Birmingham and its area code is B6 5RS. The company's SIC code is 70100 and has the NACE code: Activities of head offices. The firm's latest annual accounts cover the period up to October 31, 2022 and the most recent annual confirmation statement was released on November 1, 2022.

According to the data we have, the business was incorporated in 2018/01/12 and has been steered by four directors. To provide support to the directors, this specific business has been using the skills of Patrick M. as a secretary for the last 6 years.

Joseph M. is the individual who has control over this firm, owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2023-10-31
Currency

Balance Sheet
Cash Bank On Hand				32
Debtors					190 975
Net Assets Liabilities	2 705 629	3 532 459	3 689 524	3 078 225

Other Financial Data
Accrued Liabilities Deferred Income				262 499	665 022
Accumulated Amortisation Impairment Intangible Assets		798 260	1 302 424	1 806 588	2 814 916
Accumulated Depreciation Impairment Property Plant Equipment				1 290 137	1 918 270
Additions Other Than Through Business Combinations Property Plant Equipment					4 563 089
Administrative Expenses				4 969 219	8 268 802
Amounts Owed To Group Undertakings	522 264	1 347 716	1 818 280	3 594 900	3 655 888
Amounts Recoverable On Contracts				3 809 234	2 410 937
Average Number Employees During Period		67	70	59	5
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment				4 758 749	9 459 475
Cash Cash Equivalents			4 054 918	32	8 225 262
Cash Cash Equivalents Cash Flow Value				32
Comprehensive Income Expense	760 993	1 966 034	934 546	-17 956	2 475 853
Corporation Tax Payable					3 000
Corporation Tax Recoverable				91 088
Cost Sales				34 557 583	46 846 551
Creditors	2 661 008	713 594	290 243	3 594 900	3 655 888
Current Tax For Period		704 000	438 214	-5 255	3 000
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period					1 039 134
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences				130 862	1 039 134
Dividends Paid Classified As Financing Activities				-593 343	-1 295 143
Dividends Paid To Owners Parent Classified As Financing Activities				-593 343	-1 295 143
Dividends Received Classified As Investing Activities					-1 425 143
Equity Securities Held				50 000	50 000
Finance Lease Liabilities Present Value Total				2 147 394	3 215 909
Finance Lease Payments Owing Minimum Gross				2 053 490	3 497 670
Further Item Tax Increase Decrease Component Adjusting Items				130 862	-108 439
Gain Loss On Disposals Property Plant Equipment		-80 906	-9 080	14 294
Government Grant Income				49 892
Income Taxes Paid Refund Classified As Operating Activities				-307 199	111 439
Increase Decrease In Current Tax From Adjustment For Prior Periods		-14 056	4 668	11	-111 439
Increase From Amortisation Charge For Year Intangible Assets			504 164		504 164
Increase From Depreciation Charge For Year Property Plant Equipment					1 570 262
Intangible Assets		4 243 380	3 739 216	3 235 052	2 226 724
Intangible Assets Gross Cost		5 041 640		5 041 640
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings				3 498
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		83 237	65 757	98 560
Interest Income On Bank Deposits				172	31 070
Interest Paid Classified As Operating Activities				-17 956	-262 285
Interest Payable Similar Charges Finance Costs		254 021	119 247	17 956	262 285
Interest Received Classified As Investing Activities				-172	-31 070
Investments				6 673 093	6 673 093
Investments Fixed Assets	6 673 093	6 673 093	6 673 093	6 673 093	6 673 093
Investments In Subsidiaries				6 673 093	6 673 093
Net Cash Generated From Operations				-611 331	130 000
Net Finance Income Costs				172	1 425 143
Other Creditors	1 600 275	672 277	290 243
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment					1 475 095
Other Disposals Property Plant Equipment					2 944 733
Other Interest Receivable Similar Income Finance Income				172	31 070
Pension Other Post-employment Benefit Costs Other Pension Costs		165 425	69 461	99 551	128 573
Percentage Class Share Held In Subsidiary	100		100	100
Prepayments Accrued Income				98 858	128 456
Profit Loss	219 829	2 766 248	927 026	-17 956	1 425 143
Property Plant Equipment Gross Cost				6 964 625	11 492 324
Social Security Costs		120 800	106 473	199 409
Staff Costs Employee Benefits Expense		2 158 026	2 281 398	2 294 927	2 950 926
Taxation Including Deferred Taxation Balance Sheet Subtotal				544 998	1 916 734
Tax Decrease Increase From Effect Revenue Exempt From Taxation				-3 399
Tax Increase Decrease From Effect Capital Allowances Depreciation		-131 608	28 889	-290 254	-507 717
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		45 352	20 454	1 568	27 724
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward				188 142	-371 644
Tax Tax Credit On Profit Or Loss On Ordinary Activities		807 100	411 337	125 618	930 695
Total Current Tax Expense Credit		689 944	442 882	-5 244	-108 439
Trade Creditors Trade Payables					8 177 574
Trade Debtors Trade Receivables				56 395	194 737
Turnover Revenue				40 027 867
Wages Salaries		1 871 801	2 105 464	1 995 967	2 543 452
Audit Fees Expenses		16 000	16 333
Company Contributions To Money Purchase Plans Directors		114 125	10 525
Director Remuneration		82 847	64 527
Number Directors Accruing Benefits Under Money Purchase Scheme		3	3
Dividends Paid	377 000	1 139 204	777 481	593 343
Fixed Assets	6 673 093	6 673 093	6 673 093	6 673 093
Investments In Group Undertakings	6 673 093	6 673 093	6 673 093	6 673 093
Issue Equity Instruments	2 321 636
Net Assets Liabilities Subsidiaries	-486 883	-467 796	-202 684	-172 870
Net Current Assets Liabilities	-1 306 456	-2 427 040	-2 693 326	-3 594 868
Number Shares Issued Fully Paid	17 040		17 040	17 040
Profit Loss Subsidiaries	-6 870	-19 087	-65 112	-29 814
Total Assets Less Current Liabilities	5 366 637	4 246 053	3 979 767	3 078 225
Amortisation Expense Intangible Assets		504 164	504 164
Applicable Tax Rate		19	19
Depreciation Expense Property Plant Equipment		247 545	268 619
Dividends Paid On Shares		1 139 204	777 481
Dividends Paid On Shares Interim		818 018	560 138
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax		-157 668	7 520
Further Item Interest Expense Component Total Interest Expense		165 502	50 455
Further Operating Expense Item Component Total Operating Expenses		409 728	460 809
Interest Expense On Bank Overdrafts		4 886	3 035
Other Deferred Tax Expense Credit		117 156	-31 545
Profit Loss On Ordinary Activities Before Tax		3 573 348	1 533 439
Tax Expense Credit Applicable Tax Rate		678 936	291 353
Total Operating Lease Payments		2 293 400	2 301 446