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REGISTERED NUMBER: SC679807 (Scotland)





















Unaudited Financial Statements

For The Period 1 December 2021 to 31 March 2023

for

MacNab CPM Ltd

MacNab CPM Ltd (Registered number: SC679807)






Contents of the Financial Statements
For The Period 1 December 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MacNab CPM Ltd

Company Information
For The Period 1 December 2021 to 31 March 2023







DIRECTORS: Mrs K H Macnab
A Macnab





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC679807 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

MacNab CPM Ltd (Registered number: SC679807)

Balance Sheet
31 March 2023

31.3.23 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 435,811 225,335

CURRENT ASSETS
Stocks - 83,913
Debtors 5 5,592 148
Cash at bank 174,765 7,636
180,357 91,697
CREDITORS
Amounts falling due within one year 6 611,872 332,555
NET CURRENT LIABILITIES (431,515 ) (240,858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,296

(15,523

)

CREDITORS
Amounts falling due after more than one
year

7

119,415

-
NET LIABILITIES (115,119 ) (15,523 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (115,219 ) (15,623 )
(115,119 ) (15,523 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

MacNab CPM Ltd (Registered number: SC679807)

Balance Sheet - continued
31 March 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 12 September 2023 and were signed on its behalf by:





Mrs K H Macnab - Director


MacNab CPM Ltd (Registered number: SC679807)

Notes to the Financial Statements
For The Period 1 December 2021 to 31 March 2023

1. STATUTORY INFORMATION

MacNab CPM 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.

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.

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
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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the period 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 period 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.

MacNab CPM Ltd (Registered number: SC679807)

Notes to the Financial Statements - continued
For The Period 1 December 2021 to 31 March 2023

2. ACCOUNTING POLICIES - continued

Going concern
The business will continue to be supported by the bank and its directors and therefore the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - NIL ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 December 2021 229,934 - 229,934
Additions 217,290 2,663 219,953
At 31 March 2023 447,224 2,663 449,887
DEPRECIATION
At 1 December 2021 4,599 - 4,599
Charge for period 8,944 533 9,477
At 31 March 2023 13,543 533 14,076
NET BOOK VALUE
At 31 March 2023 433,681 2,130 435,811
At 30 November 2021 225,335 - 225,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.11.21
£    £   
Other debtors 5,592 148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.11.21
£    £   
Trade creditors 9,335 -
Other creditors 602,537 332,555
611,872 332,555

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 30.11.21
£    £   
Bank loans 119,415 -

MacNab CPM Ltd (Registered number: SC679807)

Notes to the Financial Statements - continued
For The Period 1 December 2021 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 30.11.21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 119,415 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 30.11.21
£    £   
Bank loans 119,415 -

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MacNab CPM 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 MacNab CPM Ltd for the period ended 31 March 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of MacNab CPM 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 MacNab CPM Ltd and state those matters that we have agreed to state to the Board of Directors of MacNab CPM Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. 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 MacNab CPM 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 loss of MacNab CPM Ltd. You consider that MacNab CPM Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of MacNab CPM 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.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


12 September 2023