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REGISTERED NUMBER: SC086332 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

A & M Macrete Sales Limited

A & M Macrete Sales Limited (Registered number: SC086332)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & M Macrete Sales Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G H Bell
Mrs R J Bell





SECRETARY: Mrs R J Bell





REGISTERED OFFICE: Newmill Farm
Campsie Road
Milton of Campsie
Glasgow
G66 8EH





REGISTERED NUMBER: SC086332 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

A & M Macrete Sales Limited (Registered number: SC086332)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,205 131,126

CURRENT ASSETS
Stocks 466 1,000
Debtors 5 199,075 249,997
Cash at bank 420,743 365,823
620,284 616,820
CREDITORS
Amounts falling due within one year 6 279,734 283,544
NET CURRENT ASSETS 340,550 333,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

470,755

464,402

CREDITORS
Amounts falling due after more than one
year

7

(44,481

)

(53,129

)

PROVISIONS FOR LIABILITIES (32,551 ) (32,781 )
NET ASSETS 393,723 378,492

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 393,623 378,392
SHAREHOLDERS' FUNDS 393,723 378,492

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

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

A & M Macrete Sales Limited (Registered number: SC086332)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





G H Bell - Director


A & M Macrete Sales Limited (Registered number: SC086332)

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

1. STATUTORY INFORMATION

A & M Macrete Sales 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.

The directors have reviewed the company's operating costs for the next twelve months, and the sources of funds available, and are satisfied that the company is a going concern.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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

A & M Macrete Sales Limited (Registered number: SC086332)

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

2. ACCOUNTING POLICIES - continued

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.

Cash at bank
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 376,171 5,618 196,579 6,006 584,374
Additions 46,715 - - - 46,715
Disposals (28,236 ) (2,509 ) (90,904 ) (4,907 ) (126,556 )
At 31 December 2023 394,650 3,109 105,675 1,099 504,533
DEPRECIATION
At 1 January 2023 288,606 5,453 154,176 5,013 453,248
Charge for year 33,427 6 9,885 110 43,428
Eliminated on disposal (27,673 ) (2,386 ) (88,043 ) (4,246 ) (122,348 )
At 31 December 2023 294,360 3,073 76,018 877 374,328
NET BOOK VALUE
At 31 December 2023 100,290 36 29,657 222 130,205
At 31 December 2022 87,565 165 42,403 993 131,126


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 99,592 249,997
Amounts recoverable on contract 98,690 -
Other debtors 793 -
199,075 249,997

A & M Macrete Sales Limited (Registered number: SC086332)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 36,604 29,584
Trade creditors 176,866 150,545
Taxation and social security 51,539 88,051
Other creditors 4,725 5,364
279,734 283,544

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,654 25,654
Hire purchase contracts (see note 8) 28,827 27,475
44,481 53,129

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 36,604 29,584
Between one and five years 28,827 27,475
65,431 57,059