IRIS Accounts Production v23.3.1.45 SC122894 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1228942022-06-30SC1228942023-06-30SC1228942022-07-012023-06-30SC1228942021-06-30SC1228942021-07-012022-06-30SC1228942022-06-30SC122894ns10:Originalns15:Scotland2022-07-012023-06-30SC122894ns14:PoundSterlingns10:Original2022-07-012023-06-30SC122894ns10:Originalns10:Director12022-07-012023-06-30SC122894ns10:Original2022-07-012023-06-30SC122894ns10:Original2023-06-30SC122894ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-30SC122894ns10:Originalns10:SmallEntities2022-07-012023-06-30SC122894ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-30SC122894ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-30SC122894ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-30SC122894ns10:Originalns10:FullAccounts2022-07-012023-06-30SC122894ns10:Originalns10:Director22022-07-012023-06-30SC122894ns10:CompanySecretary1ns10:Original2022-07-012023-06-30SC122894ns10:Originalns10:RegisteredOffice2022-07-012023-06-30SC122894ns10:Original2022-06-30SC122894ns10:Originalns5:CurrentFinancialInstruments2023-06-30SC122894ns10:Originalns5:CurrentFinancialInstruments2022-06-30SC122894ns5:ShareCapitalns10:Original2023-06-30SC122894ns5:ShareCapitalns10:Original2022-06-30SC122894ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-30SC122894ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-30SC122894ns10:Original2021-07-012022-06-30SC122894ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30SC122894ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: SC122894 (Scotland)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

MCLENNAN & ASSOCIATES LIMITED

MCLENNAN & ASSOCIATES LIMITED (REGISTERED NUMBER: SC122894)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCLENNAN & ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: W S McLennan
Mrs B J McLennan



SECRETARY: W S McLennan



REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR



REGISTERED NUMBER: SC122894 (Scotland)



ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS



BANKERS: Virgin Money PLC
154-158 Kensington High Street
London
W8 7RL

MCLENNAN & ASSOCIATES LIMITED (REGISTERED NUMBER: SC122894)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,773 586
Cash at bank 152,634 171,125
154,407 171,711
CREDITORS
Amounts falling due within one year 5 9,807 15,339
NET CURRENT ASSETS 144,600 156,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,600

156,372

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 144,500 156,272
SHAREHOLDERS' FUNDS 144,600 156,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

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

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 Profit and Loss Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th February 2024 and were signed on its behalf by:





W S McLennan - Director


MCLENNAN & ASSOCIATES LIMITED (REGISTERED NUMBER: SC122894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

McLennan & Associates 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 represents net invoiced sales of services, excluding value added tax.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and 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 profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss 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.

Pension costs and other post-retirement benefits
The company pays contributions to a personal pension scheme of one of the directors. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,482 -
Prepayments 291 586
1,773 586

MCLENNAN & ASSOCIATES LIMITED (REGISTERED NUMBER: SC122894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 1,482
VAT 4,968 6,011
Directors' current accounts 3,359 6,396
Accrued expenses 1,480 1,450
9,807 15,339