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REGISTERED NUMBER: SC613767 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

MCVICAR CONTRACTORS LIMITED

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCVICAR CONTRACTORS LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2022







DIRECTORS: D McVicar
Mrs N D Mcvicar





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC613767 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

BALANCE SHEET
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354,703 237,977

CURRENT ASSETS
Stocks 43,502 68,698
Debtors 5 1,848 1,848
Cash at bank 26,811 41,699
72,161 112,245
CREDITORS
Amounts falling due within one year 6 157,491 107,554
NET CURRENT (LIABILITIES)/ASSETS (85,330 ) 4,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,373

242,668

CREDITORS
Amounts falling due after more than one
year

7

(197,849

)

(156,476

)

PROVISIONS FOR LIABILITIES (6,345 ) (7,769 )
NET ASSETS 65,179 78,423

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,079 78,323
SHAREHOLDERS' FUNDS 65,179 78,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

BALANCE SHEET - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





D McVicar - Director


MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2022

1. STATUTORY INFORMATION

McVicar Contractors Limited 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.

The company is being supported by the Directors.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Sheep Dogs - not provided

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2022

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.

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 5 (2021 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Sheep
machinery fittings vehicles Dogs Totals
£    £    £    £    £   
COST
At 1 December 2021 315,848 292 14,728 4,725 335,593
Additions 115,369 1,331 66,319 4,200 187,219
Disposals (4,000 ) - (3,667 ) - (7,667 )
At 30 November 2022 427,217 1,623 77,380 8,925 515,145
DEPRECIATION
At 1 December 2021 91,091 81 6,444 - 97,616
Charge for year 58,669 631 7,083 - 66,383
Eliminated on disposal (1,952 ) - (1,605 ) - (3,557 )
At 30 November 2022 147,808 712 11,922 - 160,442
NET BOOK VALUE
At 30 November 2022 279,409 911 65,458 8,925 354,703
At 30 November 2021 224,757 211 8,284 4,725 237,977

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2021 151,000 - 151,000
Additions 93,679 66,319 159,998
At 30 November 2022 244,679 66,319 310,998
DEPRECIATION
At 1 December 2021 30,200 - 30,200
Charge for year 52,127 5,527 57,654
At 30 November 2022 82,327 5,527 87,854
NET BOOK VALUE
At 30 November 2022 162,352 60,792 223,144
At 30 November 2021 120,800 - 120,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,848 1,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 85,589 53,236
Taxation and social security 12,655 9,451
Other creditors 49,247 34,867
157,491 107,554

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 25,000 35,000
Hire purchase contracts 172,849 121,476
197,849 156,476