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REGISTERED NUMBER: 07301724 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

J MacLellan Services Limited

J MacLellan Services Limited (Registered number: 07301724)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


J MacLellan Services Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: J L MacLellan





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 07301724 (England and Wales)

J MacLellan Services Limited (Registered number: 07301724)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 638 1,928

CURRENT ASSETS
Debtors 6 38,213 53,871
Cash at bank 3,319 14,918
41,532 68,789
CREDITORS
Amounts falling due within one year 7 (41,217 ) (66,956 )
NET CURRENT ASSETS 315 1,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

953

3,761

PROVISIONS FOR LIABILITIES 9 (121 ) (462 )
NET ASSETS 832 3,299

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 732 3,199
SHAREHOLDERS' FUNDS 832 3,299

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

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

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2024 and were signed by:



J L MacLellan - Director


J MacLellan Services Limited (Registered number: 07301724)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

J MacLellan Services Limited ('The Company') is primarily engaged in the provision of management consultancy services.

The company is a private company limited by shares and is incorporated in England and Wales. The registered office address is Datum House, Electra Way, Crewe, CW1 6ZF. The registered number of the company is 07301724.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Revenue (described as turnover) is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.

Income is recognised when the company obtains the right to consideration.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Computer equipment- 33% on cost
Fixtures and fittings - 25% on reducing balance

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

J MacLellan Services Limited (Registered number: 07301724)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income except to the extent that it relates to items recognised 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 year end.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
year end.

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.

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

J MacLellan Services Limited (Registered number: 07301724)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 468 5,578 6,046
DEPRECIATION
At 1 August 2022 297 3,821 4,118
Charge for year 43 1,247 1,290
At 31 July 2023 340 5,068 5,408
NET BOOK VALUE
At 31 July 2023 128 510 638
At 31 July 2022 171 1,757 1,928

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,080 4,500
Other debtors 28,133 49,371
38,213 53,871

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,355 571
Taxation and social security 37,274 65,045
Other creditors 1,588 1,340
41,217 66,956

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 2,830 2,520

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 121 462

J MacLellan Services Limited (Registered number: 07301724)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 462
Charge for the year (341 )
Balance at 31 July 2023 121

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

20232022
££
Mr J L MacLellan
Balance outstanding at start of year47,71422,268
Amounts advanced96,785211,052
Amounts repaid(117,352)(185,606)
Amounts written off--
Amounts waived--
Balance outstanding at end of year27,14747,714

Interest totalling £1,044 has been charged to the director in respect of their director's loan balance at the official rates applicable to beneficial loans.