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REGISTERED NUMBER: SC329751 (Scotland)















Financial Statements for the Year Ended 31 August 2023

for

A J McLeod Ltd.

A J McLeod Ltd. (Registered number: SC329751)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A J McLeod Ltd.

Company Information
for the Year Ended 31 August 2023







DIRECTOR: A J McLeod





SECRETARY: A J McLeod





REGISTERED OFFICE: Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA





REGISTERED NUMBER: SC329751 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

A J McLeod Ltd. (Registered number: SC329751)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,017 3,366

CURRENT ASSETS
Stocks 750 750
Debtors 9,175 5,449
Cash at bank 4,115 11,096
14,040 17,295
CREDITORS
Amounts falling due within one year 16,367 16,809
NET CURRENT (LIABILITIES)/ASSETS (2,327 ) 486
TOTAL ASSETS LESS CURRENT
LIABILITIES

690

3,852

PROVISIONS FOR LIABILITIES 573 640
NET ASSETS 117 3,212

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 115 3,210
SHAREHOLDERS' FUNDS 117 3,212

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A J McLeod Ltd. (Registered number: SC329751)

Abridged Balance Sheet - continued
31 August 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 Balance Sheet for the year ended 31 August 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 director and authorised for issue on 13 March 2024 and were signed by:





A J McLeod - Director


A J McLeod Ltd. (Registered number: SC329751)

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

1. STATUTORY INFORMATION

A J McLeod 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and Machinery - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

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.

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.

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.

A J McLeod Ltd. (Registered number: SC329751)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 29,162
Additions 1,137
At 31 August 2023 30,299
DEPRECIATION
At 1 September 2022 25,796
Charge for year 1,486
At 31 August 2023 27,282
NET BOOK VALUE
At 31 August 2023 3,017
At 31 August 2022 3,366

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
A J McLeod
Balance outstanding at start of year (1,534 ) (460 )
Amounts advanced 32,684 20,280
Amounts repaid (31,196 ) (21,354 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (46 ) (1,534 )

6. ULTIMATE CONTROLLING PARTY

The controlling party is A J McLeod.