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REGISTERED NUMBER: SC499295 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2022 TO 29 MARCH 2023

FOR

MACCALLUMS OF TROON RETAIL LIMITED

MACCALLUMS OF TROON RETAIL LIMITED (REGISTERED NUMBER: SC499295)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2022 TO 29 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACCALLUMS OF TROON RETAIL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 MARCH 2022 TO 29 MARCH 2023







DIRECTORS: J C MacCallum
J MacCallum





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC499295 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

MACCALLUMS OF TROON RETAIL LIMITED (REGISTERED NUMBER: SC499295)

BALANCE SHEET
29 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,600
Tangible assets 5 68,480 31,449
68,480 36,049

CURRENT ASSETS
Stocks 3,250 2,750
Cash at bank and in hand 106,749 172,882
109,999 175,632
CREDITORS
Amounts falling due within one year 6 116,519 123,581
NET CURRENT (LIABILITIES)/ASSETS (6,520 ) 52,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,960

88,100

CREDITORS
Amounts falling due after more than one
year

7

25,607

35,607
NET ASSETS 36,353 52,493

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 36,253 52,393
SHAREHOLDERS' FUNDS 36,353 52,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2023 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.

MACCALLUMS OF TROON RETAIL LIMITED (REGISTERED NUMBER: SC499295)

BALANCE SHEET - continued
29 MARCH 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 Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





J C MacCallum - Director


MACCALLUMS OF TROON RETAIL LIMITED (REGISTERED NUMBER: SC499295)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2022 TO 29 MARCH 2023

1. STATUTORY INFORMATION

MacCallums of Troon Retail 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 5% on a straight line basis
Plant and machinery etc - 15% on a straight line basis

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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2022 - 12 ) .

MACCALLUMS OF TROON RETAIL LIMITED (REGISTERED NUMBER: SC499295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2022 TO 29 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2022
and 29 March 2023 23,000
AMORTISATION
At 31 March 2022 18,400
Charge for period 4,600
At 29 March 2023 23,000
NET BOOK VALUE
At 29 March 2023 -
At 30 March 2022 4,600

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 March 2022 14,255 40,279 54,534
Additions - 49,977 49,977
At 29 March 2023 14,255 90,256 104,511
DEPRECIATION
At 31 March 2022 4,984 18,101 23,085
Charge for period 712 12,234 12,946
At 29 March 2023 5,696 30,335 36,031
NET BOOK VALUE
At 29 March 2023 8,559 59,921 68,480
At 30 March 2022 9,271 22,178 31,449

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,400 28,201
Taxation and social security 73,754 55,718
Other creditors 28,365 29,662
116,519 123,581

MACCALLUMS OF TROON RETAIL LIMITED (REGISTERED NUMBER: SC499295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2022 TO 29 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,607 35,607

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100