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REGISTERED NUMBER: SC244012 (Scotland)















Unaudited Financial Statements for the Year Ended 27 February 2023

for

Mackenzie Plant (Scourie) Ltd.

Mackenzie Plant (Scourie) Ltd. (Registered number: SC244012)






Contents of the Financial Statements
for the Year Ended 27 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Mackenzie Plant (Scourie) Ltd.

Company Information
for the Year Ended 27 February 2023







DIRECTORS: A Mackenzie
Mrs V Mackenzie





SECRETARY: Mrs V Mackenzie





REGISTERED OFFICE: 54 Scouriemore
Scourie
Sutherland
IV27 4TG





REGISTERED NUMBER: SC244012 (Scotland)





ACCOUNTANTS: Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

Mackenzie Plant (Scourie) Ltd. (Registered number: SC244012)

Abridged Balance Sheet
27 February 2023

27.2.23 27.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 655,803 661,514

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 69,659 50,308
70,659 51,308
CREDITORS
Amounts falling due within one year 230,531 248,942
NET CURRENT LIABILITIES (159,872 ) (197,634 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

495,931

463,880

CREDITORS
Amounts falling due after more than
one year

(197,111

)

(157,659

)

PROVISIONS FOR LIABILITIES (158,119 ) (114,986 )
NET ASSETS 140,701 191,235

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 139,701 190,235
SHAREHOLDERS' FUNDS 140,701 191,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

Mackenzie Plant (Scourie) Ltd. (Registered number: SC244012)

Abridged Balance Sheet - continued
27 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 27 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 November 2023 and were signed on its behalf by:





A Mackenzie - Director


Mackenzie Plant (Scourie) Ltd. (Registered number: SC244012)

Notes to the Financial Statements
for the Year Ended 27 February 2023

1. STATUTORY INFORMATION

Mackenzie Plant (Scourie) 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - at variable rates on reducing balance and at varying rates 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 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 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.

Mackenzie Plant (Scourie) Ltd. (Registered number: SC244012)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 28 February 2022 988,256
Additions 231,805
Disposals (219,954 )
At 27 February 2023 1,000,107
DEPRECIATION
At 28 February 2022 326,742
Charge for year 117,920
Eliminated on disposal (100,358 )
At 27 February 2023 344,304
NET BOOK VALUE
At 27 February 2023 655,803
At 27 February 2022 661,514

Mackenzie Plant (Scourie) Ltd. (Registered number: SC244012)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 28 February 2022 483,355
Additions 231,805
Disposals (147,500 )
Transfer to ownership (86,600 )
At 27 February 2023 481,060
DEPRECIATION
At 28 February 2022 87,908
Charge for year 78,128
Eliminated on disposal (47,628 )
Transfer to ownership (40,566 )
At 27 February 2023 77,842
NET BOOK VALUE
At 27 February 2023 403,218
At 27 February 2022 395,447

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 27 February 2023 and 27 February 2022:

27.2.23 27.2.22
£    £   
A Mackenzie
Balance outstanding at start of year - 24,284
Amounts repaid - (24,284 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs V Mackenzie
Balance outstanding at start of year - 24,284
Amounts repaid - (24,284 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mackenzie Plant (Scourie) Ltd. (Registered number: SC244012)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

6. RELATED PARTY DISCLOSURES

The company trades with a partnership of which the director Mr A Mackenzie is a partner. All transactions are at arms length.