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REGISTERED NUMBER: 06227527 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

MCFARLANE SALES & LETTINGS LIMITED

MCFARLANE SALES & LETTINGS LIMITED (REGISTERED NUMBER: 06227527)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MCFARLANE SALES & LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Mr S A Picken





REGISTERED OFFICE: 28-30 Wood Street
Old Town
Swindon
Wiltshire
SN1 4AB





REGISTERED NUMBER: 06227527 (England and Wales)





ACCOUNTANTS: Haines Watts Cirencester Limited
Old Station House
Station Approach
Newport Street
Swindon
Wiltshire
SN1 3DU

MCFARLANE SALES & LETTINGS LIMITED (REGISTERED NUMBER: 06227527)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

31/12/22 31/12/21
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 259,943 454,834
Tangible assets 5 171,531 201,094
431,474 655,928

CURRENT ASSETS
Debtors 6 54,533 37,933
Investments 7 1 240,887
Cash at bank 9,681 23,324
64,215 302,144
CREDITORS
Amounts falling due within one year 8 490,144 711,310
NET CURRENT LIABILITIES (425,929 ) (409,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,545

246,762

CREDITORS
Amounts falling due after more than one
year

9

(140,732

)

(210,902

)

PROVISIONS FOR LIABILITIES (11,357 ) (16,747 )
NET (LIABILITIES)/ASSETS (146,544 ) 19,113

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (146,545 ) 19,112
(146,544 ) 19,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MCFARLANE SALES & LETTINGS LIMITED (REGISTERED NUMBER: 06227527)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2022


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 director and authorised for issue on 17 November 2023 and were signed by:





Mr S A Picken - Director


MCFARLANE SALES & LETTINGS LIMITED (REGISTERED NUMBER: 06227527)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

McFarlane Sales & Lettings Limited is a private company, limited by shares , registered in England and Wales. 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.

Preparation of consolidated financial statements
The financial statements contain information about McFarlane Sales & Lettings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, , .

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

MCFARLANE SALES & LETTINGS LIMITED (REGISTERED NUMBER: 06227527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2021 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 1,608,457
AMORTISATION
At 1 January 2022 1,153,623
Charge for year 194,891
At 31 December 2022 1,348,514
NET BOOK VALUE
At 31 December 2022 259,943
At 31 December 2021 454,834

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2022 120,009 223,320 343,329
Additions - 5,582 5,582
At 31 December 2022 120,009 228,902 348,911
DEPRECIATION
At 1 January 2022 8,401 133,834 142,235
Charge for year 1,200 33,945 35,145
At 31 December 2022 9,601 167,779 177,380
NET BOOK VALUE
At 31 December 2022 110,408 61,123 171,531
At 31 December 2021 111,608 89,486 201,094

MCFARLANE SALES & LETTINGS LIMITED (REGISTERED NUMBER: 06227527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
as restated
£    £   
Other debtors 54,533 37,933

7. CURRENT ASSET INVESTMENTS
31/12/22 31/12/21
as restated
£    £   
Listed investments 1 240,887

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
as restated
£    £   
Bank loans and overdrafts 77,983 122,115
Finance leases 1,465 5,518
Trade creditors 8,864 -
Amounts owed to group undertakings - 82,721
Taxation and social security 79,980 113,950
Other creditors 321,852 387,006
490,144 711,310

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/22 31/12/21
as restated
£    £   
Bank loans 140,732 210,902