2022-03-01 SC689816 2023-02-28 SC689816 2022-03-01 2023-02-28 SC689816 2022-02-28 SC689816 2021-02-19 2022-02-28 SC689816 uk-core:WithinOneYear uk-bus:Original 2022-02-28 SC689816 uk-core:WithinOneYear uk-bus:Original 2023-02-28 SC689816 uk-core:AfterOneYear uk-bus:Original 2022-02-28 SC689816 uk-core:AfterOneYear uk-bus:Original 2023-02-28 SC689816 uk-core:ShareCapital uk-bus:Original 2023-02-28 SC689816 uk-core:ShareCapital uk-bus:Original 2022-02-28 SC689816 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-02-28 SC689816 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-02-28 SC689816 uk-bus:Director1 uk-bus:Original 2022-03-01 2023-02-28 SC689816 uk-core:PlantMachinery uk-bus:Original 2022-03-01 2023-02-28 SC689816 uk-core:CommercialMotorVehicles uk-bus:Original 2022-03-01 2023-02-28 SC689816 uk-core:CommercialMotorVehicles uk-bus:Original 2022-02-28 SC689816 uk-core:PlantMachinery uk-bus:Original 2022-02-28 SC689816 uk-core:PlantMachinery uk-bus:Original 2023-02-28 SC689816 uk-core:CommercialMotorVehicles uk-bus:Original 2023-02-28 iso4217:GBP xbrli:pure SC689816 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-03-01 2023-02-28 SC689816 uk-bus:FRS102 uk-bus:Original 2022-03-01 2023-02-28 SC689816 uk-bus:FilletedAccounts uk-bus:Original 2022-03-01 2023-02-28 SC689816 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-03-01 2023-02-28
Macleod Vehicle Services Ltd
Registered Number:SC689816
For the year ended 28 February 2023
Scotland
Unaudited Financial Statements
2
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
3
Registered Number :
SC689816
As at 28 February 2023
Macleod Vehicle Services Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
45,191
39,704
2
45,191
39,704
Current assets
Inventories
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
Capital and reserves
Called up share capital
2
2
Retained earnings
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.
Mr Ewan Macleod Director
These financial statements were approved and authorised for issue by the Board on 16 November 2023 and were signed by:
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4
Registered Number :
SC689816
For the year ended 28 February 2023
Macleod Vehicle Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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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.
Registered address:
45 Gavins Lee
Tranent
East Lothian
EH33 2AP
The presentation currency is £ sterling.
1. Accounting policies
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
20% Reducing balance
20% Reducing balance
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.
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6
For the year ended 28 February 2023
Macleod Vehicle Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 March 2022
50,631
43,355
7,276
19,516
18,790
726
Additions
At 28 February 2023
8,002
62,145
70,147
Provision for depreciation and impairment
At 01 March 2022
10,927
9,472
1,455
Charge for year
14,029
12,429
1,600
At 28 February 2023
24,956
21,901
3,055
At 28 February 2023
Net book value
4,947
40,244
45,191
At 28 February 2022
5,821
33,883
39,704
3. Inventories
2022
2023
£
£
Stocks
750
750
4. Trade and other receivables
2022
2023
£
£
Trade debtors
37,321
38,693
Other debtors
-
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
Other creditors
33,988
63,256
44,839
67,965
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7
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
£
£
Other creditors
32,905
21,218
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 2)
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