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REGISTERED NUMBER: 01135945 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

K.G. Mccoll And Company Limited

K.G. Mccoll And Company Limited (Registered number: 01135945)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K.G. Mccoll And Company Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: David Mccoll





REGISTERED OFFICE: C/o Ian Mead & Co Limited Quest Cottage
Nags Head Lane
Great Missenden
HP16 0HG





REGISTERED NUMBER: 01135945 (England and Wales)





ACCOUNTANTS: Mackay & Co CA
120 George Street
Oban
Argyll
PA34 5NT

K.G. Mccoll And Company Limited (Registered number: 01135945)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 241,565 256,247

CURRENT ASSETS
Stocks 34,000 34,000
Debtors 5 13,679 7,891
Cash at bank and in hand 590 8,922
48,269 50,813
CREDITORS
Amounts falling due within one year 6 145,533 137,956
NET CURRENT LIABILITIES (97,264 ) (87,143 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,301

169,104

CREDITORS
Amounts falling due after more than
one year

7

(32,722

)

(38,040

)

PROVISIONS FOR LIABILITIES (8,404 ) (10,824 )
NET ASSETS 103,175 120,240

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 43,175 60,240
SHAREHOLDERS' FUNDS 103,175 120,240

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

K.G. Mccoll And Company Limited (Registered number: 01135945)

Balance Sheet - continued
31 October 2023


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 director and authorised for issue on 26 February 2024 and were signed by:





David Mccoll - Director


K.G. Mccoll And Company Limited (Registered number: 01135945)

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

1. STATUTORY INFORMATION

K.G. Mccoll And Company Limited is a private company, limited by shares , registered in England and Wales. 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.
Land and buildings - not provided and Straight line over 50 years
Plant and machinery etc - 33% on reducing balance, 15% on reducing balance and Straight line over 50 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 7 (2022 - 9 ) .

K.G. Mccoll And Company Limited (Registered number: 01135945)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 240,383 591,074 831,457
Additions - 9,490 9,490
At 31 October 2023 240,383 600,564 840,947
DEPRECIATION
At 1 November 2022 155,205 420,005 575,210
Charge for year 3,474 20,698 24,172
At 31 October 2023 158,679 440,703 599,382
NET BOOK VALUE
At 31 October 2023 81,704 159,861 241,565
At 31 October 2022 85,178 171,069 256,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 13,679 7,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 25,888 5,188
Trade creditors - 17,806
Taxation and social security 9,430 6,425
Other creditors 110,215 108,537
145,533 137,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 32,722 38,040

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 10,063 15,941