Macleod Vehicle Services Ltd |
Registered Number:SC689816 |
For the year ended 28 February 2023
Scotland
Unaudited Financial Statements
For the year ended 28 February 2023
Macleod Vehicle Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Macleod Vehicle Services Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
45,191
39,704
2
45,191
39,704
750
750
3
Trade and other receivables |
38,900
37,321
4
57,333
Cash and cash equivalents |
29,084
67,155
96,983
Trade and other payables: amounts falling due within one |
year |
(67,965)
(44,839)
5
29,018
22,316
Net current assets
Total assets less current liabilities |
67,507
68,722
Trade and other payables: amounts falling due after more |
than one year |
(21,218)
(32,905)
6
34,602
Net assets
47,504
2
2
34,600
47,502
34,602
47,504
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 16 November 2023 and were signed by: |
1 of 5
For the year ended 28 February 2023
Macleod Vehicle Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 28 February 2023
Macleod Vehicle Services Ltd
Notes to the Financial Statements
Statutory Information
Macleod Vehicle Services Ltd is a private limited company, limited by shares, domiciled in Scotland, registration |
number SC689816. |
45 Gavins Lee
Tranent
East Lothian
EH33 2AP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
3 of 5
For the year ended 28 February 2023
Macleod Vehicle Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
50,631
43,355
7,276
19,516
18,790
726
8,002
62,145
70,147
Provision for depreciation and impairment |
10,927
9,472
1,455
Charge for year
14,029
12,429
1,600
24,956
21,901
3,055
4,947
40,244
45,191
5,821
33,883
39,704
2022
2023
750
750
4. Trade and other receivables |
2022
2023
37,321
38,693
-
207
38,900
37,321
5. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
10,851
4,709
33,988
63,256
44,839
67,965
4 of 5
For the year ended 28 February 2023
Macleod Vehicle Services Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
32,905
21,218
7. Average number of persons employed |
During the year the average number of employees was 3 (2022 : 2)
5 of 5