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REGISTERED NUMBER: SC098684 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

FOR

ROBERT MACKIE (FUNERAL DIRECTORS) LTD

ROBERT MACKIE (FUNERAL DIRECTORS) LTD (REGISTERED NUMBER: SC098684)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

ROBERT MACKIE (FUNERAL DIRECTORS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: Robert Mackie
Carmen Mackie
Craig Reid Mackie





SECRETARY: Carmen Mackie





REGISTERED OFFICE: The Almanythie Hall
Grange Road
Peterhead
Aberdeenshire
AB42 1WN





REGISTERED NUMBER: SC098684 (Scotland)





ACCOUNTANTS: Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

ROBERT MACKIE (FUNERAL DIRECTORS) LTD (REGISTERED NUMBER: SC098684)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 73,597 64,943

CURRENT ASSETS
Stocks 68,731 49,437
Debtors 6 814,279 867,965
Cash at bank 20,913 80,056
903,923 997,458
CREDITORS
Amounts falling due within one year 7 332,801 391,957
NET CURRENT ASSETS 571,122 605,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

644,719

670,444

CREDITORS
Amounts falling due after more than one
year

8

107,548

131,143
NET ASSETS 537,171 539,301

CAPITAL AND RESERVES
Called up share capital 21,255 21,255
Share premium 12,000 12,000
Other reserves 4,250 4,250
Retained earnings 499,666 501,796
SHAREHOLDERS' FUNDS 537,171 539,301

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

ROBERT MACKIE (FUNERAL DIRECTORS) LTD (REGISTERED NUMBER: SC098684)

BALANCE SHEET - continued
31ST JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2023 and were signed on its behalf by:





Robert Mackie - Director


ROBERT MACKIE (FUNERAL DIRECTORS) LTD (REGISTERED NUMBER: SC098684)

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

1. STATUTORY INFORMATION

Robert Mackie (Funeral Directors) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency is sterling.

Turnover
Turnover represents invoiced sales of goods and services.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

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

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

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.

ROBERT MACKIE (FUNERAL DIRECTORS) LTD (REGISTERED NUMBER: SC098684)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

5. TANGIBLE FIXED ASSETS
Furniture Motor
& fittings vehicles Totals
£    £    £   
COST
At 1st August 2022 106,253 269,306 375,559
Additions 24,483 12,645 37,128
Disposals - (80,870 ) (80,870 )
At 31st July 2023 130,736 201,081 331,817
DEPRECIATION
At 1st August 2022 94,747 215,869 310,616
Charge for year 16,410 12,064 28,474
Eliminated on disposal - (80,870 ) (80,870 )
At 31st July 2023 111,157 147,063 258,220
NET BOOK VALUE
At 31st July 2023 19,579 54,018 73,597
At 31st July 2022 11,506 53,437 64,943

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 76,602 118,595
Other debtors 26,860 26,860
Amounts due ultimate Parent company 710,817 722,510
814,279 867,965

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,285 22,248
Hire purchase contracts 4,917 8,388
Trade creditors 44,545 33,315
Tax 25,671 44,613
Social security and other taxes 5,284 5,094
Other creditors 56,393 57,829
Funding circle 156,476 214,240
Directors' current accounts 3,292 3,292
Accrued expenses 2,938 2,938
332,801 391,957

ROBERT MACKIE (FUNERAL DIRECTORS) LTD (REGISTERED NUMBER: SC098684)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The loan from the director is interest free with no fixed terms of repayment.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 22,248 22,248
Bank loans - 2-5 years 85,300 108,895
107,548 131,143

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 11,037 -
Bank loans 129,796 153,391
140,833 153,391

The bank overdraft and loans are secured by a Bond and Floating Charge over the assets of the company and over the assets of its parent company, Twoboys Peterhead Ltd. They also have Assignation over a life policy over the life of R R Mackie.

10. CONTINGENT LIABILITIES

Cross guarantees are held by the Bank of Scotland in respect of all sums held by the company's parent company Twoboys Peterhead Ltd


11. RELATED PARTY DISCLOSURES

The company was controlled by Twoboys Peterhead Ltd during the whole of the current and previous year. During the year dividends of £80,000 were paid to its parent company Twoboys Peterhead Limited. The company also paid goods on behalf of its parent company amounting to £68,306. The balance owing by its parent company at the year end amounted to £710,817 (2021: £722,510).

ROBERT MACKIE (FUNERAL DIRECTORS) LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ROBERT MACKIE (FUNERAL DIRECTORS) 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2023 set out on page nil 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.






Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


6th November 2023