REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 30th November 2021 |
for |
McLuskey Glazing Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 30th November 2021 |
for |
McLuskey Glazing Limited |
McLuskey Glazing Limited (Registered number: SC310972) |
Contents of the Financial Statements |
For The Year Ended 30th November 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 7 |
McLuskey Glazing Limited |
Company Information |
For The Year Ended 30th November 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
8 Douglas Street |
Hamilton |
Lanarkshire |
ML3 0BP |
McLuskey Glazing Limited (Registered number: SC310972) |
Balance Sheet |
30th November 2021 |
2021 | 2020 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
McLuskey Glazing Limited (Registered number: SC310972) |
Balance Sheet - continued |
30th November 2021 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
McLuskey Glazing Limited (Registered number: SC310972) |
Notes to the Financial Statements |
For The Year Ended 30th November 2021 |
1. | STATUTORY INFORMATION |
McLuskey Glazing Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Changes in accounting policies |
1. Per FRS 102 legislation the intangible asset of Goodwill has been restated to have a finite useful life of 10 years from date of purchase. This has led to an FRS adjustment of £50,000 to amortisation of intangible assets to bring the Goodwill in line with the new standard, per FRS 102, section 19, Business Combinations and Goodwill paragraph 19.23. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
McLuskey Glazing Limited (Registered number: SC310972) |
Notes to the Financial Statements - continued |
For The Year Ended 30th November 2021 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st December 2020 |
and 30th November 2021 |
AMORTISATION |
At 1st December 2020 |
and 30th November 2021 |
NET BOOK VALUE |
At 30th November 2021 |
At 30th November 2020 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st December 2020 |
Additions |
At 30th November 2021 |
DEPRECIATION |
At 1st December 2020 |
Charge for year |
At 30th November 2021 |
NET BOOK VALUE |
At 30th November 2021 |
At 30th November 2020 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
McLuskey Glazing Limited (Registered number: SC310972) |
Notes to the Financial Statements - continued |
For The Year Ended 30th November 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Hire purchase contracts |
McLuskey Glazing Limited |
Report of the Accountants to the Directors of |
McLuskey Glazing Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th November 2021 set out on pages one to eight and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
8 Douglas Street |
Hamilton |
Lanarkshire |
ML3 0BP |