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REGISTERED NUMBER: SC354076 (Scotland)









MACARTHUR GREEN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023






MACARTHUR GREEN LTD (REGISTERED NUMBER: SC354076)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MACARTHUR GREEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: D MacArthur
K MacArthur





REGISTERED OFFICE: 93 South Woodside Road
Glasgow
G20 6NT





REGISTERED NUMBER: SC354076 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MACARTHUR GREEN LTD

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MacArthur Green Ltd for the year ended 31st January 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of MacArthur Green Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MacArthur Green Ltd and state those matters that we have agreed to state to the Board of Directors of MacArthur Green Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MacArthur Green Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MacArthur Green Ltd. You consider that MacArthur Green Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MacArthur Green Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


23rd October 2023

MACARTHUR GREEN LTD (REGISTERED NUMBER: SC354076)

BALANCE SHEET
31ST JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 427,348 438,537

CURRENT ASSETS
Debtors 5 1,016,285 604,894
Cash at bank 1,440,940 2,032,144
2,457,225 2,637,038
CREDITORS
Amounts falling due within one year 6 673,610 462,576
NET CURRENT ASSETS 1,783,615 2,174,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,210,963

2,612,999

CREDITORS
Amounts falling due after more than one
year

7

(57,847

)

(64,663

)

PROVISIONS FOR LIABILITIES (13,623 ) (16,517 )
NET ASSETS 2,139,493 2,531,819

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,139,393 2,531,719
SHAREHOLDERS' FUNDS 2,139,493 2,531,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

MACARTHUR GREEN LTD (REGISTERED NUMBER: SC354076)

BALANCE SHEET - continued
31ST JANUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 18th October 2023 and were signed on its behalf by:





D MacArthur - Director


MACARTHUR GREEN LTD (REGISTERED NUMBER: SC354076)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

MacArthur Green Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern basis
The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover
The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - Nil
Plant and machinery- 20% straight line
Motor vehicles- 20% straight line
Improvements to property- 6.67% straight line

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MACARTHUR GREEN LTD (REGISTERED NUMBER: SC354076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Revenue grants are credited to the profit and loss account to match the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1st February 2022 238,470 58,263 188,017 181,623 666,373
Additions 13,801 3,554 26,527 - 43,882
Disposals - - (2,644 ) (18,676 ) (21,320 )
At 31st January 2023 252,271 61,817 211,900 162,947 688,935
DEPRECIATION
At 1st February 2022 - 7,266 140,279 80,291 227,836
Charge for year - 4,024 18,458 32,589 55,071
Eliminated on disposal - - (2,644 ) (18,676 ) (21,320 )
At 31st January 2023 - 11,290 156,093 94,204 261,587
NET BOOK VALUE
At 31st January 2023 252,271 50,527 55,807 68,743 427,348
At 31st January 2022 238,470 50,997 47,738 101,332 438,537

MACARTHUR GREEN LTD (REGISTERED NUMBER: SC354076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st February 2022 45,370
Transfer to ownership (45,370 )
At 31st January 2023 -
DEPRECIATION
At 1st February 2022 18,148
Charge for year 9,074
Transfer to ownership (27,222 )
At 31st January 2023 -
NET BOOK VALUE
At 31st January 2023 -
At 31st January 2022 27,222

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 267,717 335,093
Amounts owed by group undertakings 350,002 -
Amounts recoverable on contracts 364,343 248,291
Other debtors 34,223 21,510
1,016,285 604,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts - 27,955
Trade creditors 154,872 63,088
Taxation and social security 328,270 201,319
Other creditors 190,468 170,214
673,610 462,576

Included in other creditors is Government Grants totalling £6,816 (2022; £6,815)

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Other creditors 57,847 64,663

Other creditors comprise Government Grants totalling £57,847 (2022; £64,663)

MACARTHUR GREEN LTD (REGISTERED NUMBER: SC354076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Hire purchase contracts - 27,955

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
51 Ordinary Shares 1 - 51
49 Ordinary Shares 1 - 49
100 Ordinary Shares 1 100 -
100 100

10. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of MacArthur Group Ltd. The directors, Kirsty and David MacArthur, are the majority shareholders of MacArthur Group Ltd and they are therefore considered to be the ultimate controlling party.

MacArthur Group Ltd is a company registered in Scotland and its company number is SC696466. Its
registered office is 93 South Woodside Road, Glasgow, Scotland, G20 6NT.