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REGISTERED NUMBER: SC240201 (Scotland)















Martin J MacLean Limited

Financial Statements For The Year Ended 30 November 2023






Martin J MacLean Limited (Registered number: SC240201)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Martin J MacLean Limited

Company Information
For The Year Ended 30 November 2023







DIRECTOR: M J MacLean



SECRETARY: Ms C MacAskill



REGISTERED OFFICE: 45 Park Terrace
Strathpeffer
Ross-Shire
IV14 9BL



REGISTERED NUMBER: SC240201 (Scotland)



ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF



BANKERS: Royal Bank Of Scotland
High Street
Dingwall
Ross-shire
IV15 9HF

Martin J MacLean Limited (Registered number: SC240201)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,386 482

CURRENT ASSETS
Debtors 5 13 502
Cash at bank 3,278 5,031
3,291 5,533
CREDITORS
Amounts falling due within one year 6 5,575 4,520
NET CURRENT (LIABILITIES)/ASSETS (2,284 ) 1,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,102

1,495

PROVISIONS FOR LIABILITIES 833 92
NET ASSETS 1,269 1,403

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,267 1,401
SHAREHOLDERS' FUNDS 1,269 1,403

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

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

The financial statements were approved by the director and authorised for issue on 14 March 2024 and were signed by:



M J MacLean - Director


Martin J MacLean Limited (Registered number: SC240201)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

Martin J MacLean 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, which excludes value added tax and trade discounts, represents invoiced sales of goods and services supplied during the year. Work carried out but not completed or invoiced at the year end has been brought into sales for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on reducing balance

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.

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 1 (2022 - 1 ) .

Martin J MacLean Limited (Registered number: SC240201)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 408 5,589 672 6,669
Additions - 4,500 - 4,500
Disposals - (5,589 ) - (5,589 )
At 30 November 2023 408 4,500 672 5,580
DEPRECIATION
At 1 December 2022 314 5,292 581 6,187
Charge for year 9 342 9 360
Eliminated on disposal - (5,353 ) - (5,353 )
At 30 November 2023 323 281 590 1,194
NET BOOK VALUE
At 30 November 2023 85 4,219 82 4,386
At 30 November 2022 94 297 91 482

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 13 502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 1,058 1,920
Other creditors 4,517 2,600
5,575 4,520

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
M J MacLean
Balance outstanding at start of year 489 451
Amounts advanced 95 38
Amounts repaid (4,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,416 ) 489