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REGISTERED NUMBER: SC060381 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

Ewen Macrae(West End Garage)Limited

Ewen Macrae(West End Garage)Limited (Registered number: SC060381)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Ewen Macrae(West End Garage)Limited

Company Information
for the Year Ended 30 September 2021







DIRECTORS: Mr D J MacRae
Mrs C MacRae
Mr D M Morrison
Mr D A MacRae
Mrs L Bruce





SECRETARY: Mrs C MacRae





REGISTERED OFFICE: Dunvegan Road
Portree
Isle of Skye
IV51 9HD





REGISTERED NUMBER: SC060381 (Scotland)





ACCOUNTANTS: Campbell Stewart MacLennan & Co
Chartered Accountants
Unit 3, Broom Place
Portree
Highland
IV51 9HL

Ewen Macrae(West End Garage)Limited (Registered number: SC060381)

Balance Sheet
30 September 2021

30/9/21 30/9/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,691 7,555

CURRENT ASSETS
Stocks 226,893 158,631
Debtors 5 238,891 289,371
Prepayments and accrued income 19,289 10,632
Cash at bank and in hand 1,570,711 1,308,731
2,055,784 1,767,365
CREDITORS
Amounts falling due within one year 6 931,211 712,528
NET CURRENT ASSETS 1,124,573 1,054,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,173,264

1,062,392

PROVISIONS FOR LIABILITIES (8,182 ) -

ACCRUALS AND DEFERRED INCOME (61,069 ) (36,447 )
NET ASSETS 1,104,013 1,025,945

CAPITAL AND RESERVES
Called up share capital 42,000 42,000
Retained earnings 1,062,013 983,945
1,104,013 1,025,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





Mr D M Morrison - Director


Ewen Macrae(West End Garage)Limited (Registered number: SC060381)

Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

Ewen Macrae(West End Garage)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.

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 etc - 25% on reducing balance and 15% on reducing balance

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.

Taxation
Taxation for the year 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2020 - 24 ) .

Ewen Macrae(West End Garage)Limited (Registered number: SC060381)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020 407,440
Additions 56,500
At 30 September 2021 463,940
DEPRECIATION
At 1 October 2020 399,885
Charge for year 15,364
At 30 September 2021 415,249
NET BOOK VALUE
At 30 September 2021 48,691
At 30 September 2020 7,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/21 30/9/20
£    £   
Trade debtors 163,853 214,333
Other debtors 75,038 75,038
238,891 289,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/21 30/9/20
£    £   
Trade creditors 160,480 142,162
Taxation and social security 342,832 136,480
Other creditors 427,899 433,886
931,211 712,528

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020:

30/9/21 30/9/20
£    £   
Mr D M Morrison
Balance outstanding at start of year 58,256 58,256
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,256 58,256

The outstanding amount is interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

Director D J MacRae was owed £154,317 at 30 September 2021 (£154,317 - 2020)

Director C MacRae was owed £272,381 at 30 September 2021 (£272,381 - 2020)

Both amounts are interest free and repayable on demand.

Ewen Macrae(West End Garage)Limited (Registered number: SC060381)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

9. ACCOUNTING RECORDS

In December 2019, a strain of coronavirus (COVID-19) surfaced in China and was declared a Public Health Emergency of International Concern by the World Health Organization in January 2020.

The COVID-19 restrictions placed on the business in 2020 and 2021, together with ongoing implementation issues with the new accounting system, resulted in delays in reconciling control accounts and records being mislaid. Unidentified differences written off to the Income Statement totalled £53,472 in the year to 30 September 2021 (2020 £33,682). At the point of preparing the financial statements for the year then ended, a number of records could not be located, including stock records and VAT records for several quarters prior to 31 March 2020.

10. CONTROL

Effective control over the activities of the company is exercised by Mr D J MacRae, director, by virtue of his ownership, together with his wife Mrs C MacRae who is also a director, of 90.0% of the issued ordinary share capital in the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ewen Macrae(West End Garage)Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ewen Macrae(West End Garage)Limited for the year ended 30 September 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Ewen Macrae(West End Garage)Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ewen Macrae(West End Garage)Limited and state those matters that we have agreed to state to the Board of Directors of Ewen Macrae(West End Garage)Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ewen Macrae(West End Garage)Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ewen Macrae(West End Garage)Limited. You consider that Ewen Macrae(West End Garage)Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ewen Macrae(West End Garage)Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Campbell Stewart MacLennan & Co
Chartered Accountants
Unit 3, Broom Place
Portree
Highland
IV51 9HL


12 March 2024