1 September 2022 false No description of principal activity Taxfiler 2023.10 SC638076business:PrivateLimitedCompanyLtd2022-09-012023-08-31 SC6380762022-08-31 SC6380762022-09-012023-08-31 SC638076business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 SC638076business:FilletedAccounts2022-09-012023-08-31 SC6380762023-08-31 SC638076business:Director12022-09-012023-08-31 SC638076business:Director22022-09-012023-08-31 SC638076business:RegisteredOffice2022-09-012023-08-31 SC6380762022-08-31 SC638076core:WithinOneYear2023-08-31 SC638076core:WithinOneYear2022-08-31 SC638076core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC638076core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 SC638076core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC638076core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 SC638076core:PreviouslyStatedAmount2023-08-31 SC638076core:PreviouslyStatedAmount2022-08-31 SC638076business:SmallEntities2022-09-012023-08-31 SC638076countries:Scotland2022-09-012023-08-31 SC638076core:PlantMachinery2022-09-012023-08-31 SC638076core:LandBuildings2022-08-31 SC638076core:PlantMachinery2022-08-31 SC638076core:LandBuildings2022-09-012023-08-31 SC638076core:LandBuildings2023-08-31 SC638076core:PlantMachinery2023-08-31 SC6380762021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC638076 (Scotland)
MCG ENGINEERING & MANAGEMENT SERVICES LTD Unaudited accounts for the year ended 31 August 2023
MCG ENGINEERING & MANAGEMENT SERVICES LTD Unaudited accounts Contents
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MCG ENGINEERING & MANAGEMENT SERVICES LTD Company Information for the year ended 31 August 2023
Directors
Paul McGinley Julie McGinley
Company Number
SC638076 (Scotland)
Registered Office
3 Ninian Crescent Glasgow G66 3JR
Accountants
Callan Accountancy 21 - 23 Woodside Place Glasgow G3 7QF
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MCG ENGINEERING & MANAGEMENT SERVICES LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,572 
52,232 
Current assets
Debtors
17,294 
18,494 
Cash at bank and in hand
107,833 
28,486 
125,127 
46,980 
Creditors: amounts falling due within one year
(62,120)
(41,778)
Net current assets
63,007 
5,202 
Net assets
104,579 
57,434 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
104,479 
57,334 
Shareholders' funds
104,579 
57,434 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by
Paul McGinley Director Company Registration No. SC638076
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MCG ENGINEERING & MANAGEMENT SERVICES LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
MCG ENGINEERING & MANAGEMENT SERVICES LTD is a private company, limited by shares, registered in Scotland, registration number SC638076. The registered office is 3 Ninian Crescent, Glasgow, G66 3JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
etc., 25% RB and 25% SL
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
4,362 
69,823 
74,185 
Additions
460 
1,091 
1,551 
At 31 August 2023
4,822 
70,914 
75,736 
Depreciation
At 1 September 2022
- 
21,953 
21,953 
Charge for the year
- 
12,211 
12,211 
At 31 August 2023
- 
34,164 
34,164 
Net book value
At 31 August 2023
4,822 
36,750 
41,572 
At 31 August 2022
4,362 
47,870 
52,232 
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MCG ENGINEERING & MANAGEMENT SERVICES LTD Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,098 
18,013 
Other debtors
196 
481 
17,294 
18,494 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
57,861 
38,075 
Other creditors
4,259 
3,703 
62,120 
41,778 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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