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REGISTERED NUMBER: SC317500 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Brian McLennan Transport Ltd.

Brian McLennan Transport Ltd. (Registered number: SC317500)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brian McLennan Transport Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr B P McLennan
Mrs P J McLennan





REGISTERED OFFICE: 56 South Road
Peterhead
Aberdeenshire
AB42 2ZX





REGISTERED NUMBER: SC317500 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Brian McLennan Transport Ltd. (Registered number: SC317500)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,513 10,653

CURRENT ASSETS
Debtors 5 53,979 250,584
Cash at bank 21,122 65,740
75,101 316,324
CREDITORS
Amounts falling due within one year 6 46,257 134,272
NET CURRENT ASSETS 28,844 182,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,357

192,705

CREDITORS
Amounts falling due after more than one
year

7

(64,467

)

(85,375

)

PROVISIONS FOR LIABILITIES (21,733 ) (2,025 )
NET ASSETS 82,157 105,305

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 82,155 105,303
SHAREHOLDERS' FUNDS 82,157 105,305

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

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

Brian McLennan Transport Ltd. (Registered number: SC317500)

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 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 10 November 2023 and were signed on its behalf by:





Mr B P McLennan - Director


Brian McLennan Transport Ltd. (Registered number: SC317500)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Brian McLennan Transport 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Brian McLennan Transport Ltd. (Registered number: SC317500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 24,928 37,973 1,182 64,083
Additions 1,689 173,400 - 175,089
At 31 March 2023 26,617 211,373 1,182 239,172
DEPRECIATION
At 1 April 2022 22,461 29,791 1,178 53,430
Charge for year 830 45,395 4 46,229
At 31 March 2023 23,291 75,186 1,182 99,659
NET BOOK VALUE
At 31 March 2023 3,326 136,187 - 139,513
At 31 March 2022 2,467 8,182 4 10,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 30,109 82,643
Other debtors 23,870 167,941
53,979 250,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 20,908 50,074
Trade creditors 2,756 55,661
Taxation and social security 10,082 23,211
Other creditors 12,511 5,326
46,257 134,272

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 64,467 85,375

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 1,743