Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false9false132022-07-01No description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC093707 2022-07-01 2023-06-30 SC093707 2021-07-01 2022-06-30 SC093707 2023-06-30 SC093707 2022-06-30 SC093707 c:CompanySecretary1 2022-07-01 2023-06-30 SC093707 c:Director1 2022-07-01 2023-06-30 SC093707 c:RegisteredOffice 2022-07-01 2023-06-30 SC093707 d:Buildings 2022-07-01 2023-06-30 SC093707 d:Buildings 2023-06-30 SC093707 d:Buildings 2022-06-30 SC093707 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC093707 d:PlantMachinery 2022-07-01 2023-06-30 SC093707 d:PlantMachinery 2023-06-30 SC093707 d:PlantMachinery 2022-06-30 SC093707 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC093707 d:MotorVehicles 2022-07-01 2023-06-30 SC093707 d:MotorVehicles 2023-06-30 SC093707 d:MotorVehicles 2022-06-30 SC093707 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC093707 d:FurnitureFittings 2022-07-01 2023-06-30 SC093707 d:FurnitureFittings 2023-06-30 SC093707 d:FurnitureFittings 2022-06-30 SC093707 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC093707 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC093707 d:CurrentFinancialInstruments 2023-06-30 SC093707 d:CurrentFinancialInstruments 2022-06-30 SC093707 d:Non-currentFinancialInstruments 2023-06-30 SC093707 d:Non-currentFinancialInstruments 2022-06-30 SC093707 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC093707 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC093707 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC093707 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 SC093707 d:ShareCapital 2023-06-30 SC093707 d:ShareCapital 2022-06-30 SC093707 d:RevaluationReserve 2023-06-30 SC093707 d:RevaluationReserve 2022-06-30 SC093707 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC093707 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC093707 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC093707 c:OrdinaryShareClass1 2023-06-30 SC093707 c:OrdinaryShareClass1 2022-06-30 SC093707 c:FRS102 2022-07-01 2023-06-30 SC093707 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC093707 c:FullAccounts 2022-07-01 2023-06-30 SC093707 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC093707 5 2022-07-01 2023-06-30 SC093707 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC093707










JOHN MACLACHLAN (QUARRIES) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
JOHN MACLACHLAN (QUARRIES) LIMITED
 

COMPANY INFORMATION


Director
Mr J MacLachlan 




Company secretary
Mrs S MacLachlan



Registered number
SC093707



Registered office
Torran Gorm Industrial Estate

Oban

Argyll

PA34 4PL




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
JOHN MACLACHLAN (QUARRIES) LIMITED
REGISTERED NUMBER:SC093707

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
638,407
765,469

  
638,407
765,469

Current assets
  

Stocks
  
164,871
197,171

Debtors: amounts falling due within one year
 5 
600,623
586,813

Cash at bank and in hand
  
332
-

  
765,826
783,984

Creditors: amounts falling due within one year
 6 
(613,454)
(716,727)

Net current assets
  
 
 
152,372
 
 
67,257

Total assets less current liabilities
  
790,779
832,726

Creditors: amounts falling due after more than one year
 7 
(114,648)
(206,316)

Provisions for liabilities
  

Deferred tax
  
(56,621)
(49,682)

  
 
 
(56,621)
 
 
(49,682)

Accruals and deferred income
  
(11,372)
-

Net assets excluding pension asset
  
608,138
576,728

Net assets
  
608,138
576,728


Capital and reserves
  

Called up share capital 
 9 
99
99

Revaluation reserve
  
139,870
139,870

Profit and loss account
  
468,169
436,759

  
608,138
576,728


Page 1

 
JOHN MACLACHLAN (QUARRIES) LIMITED
REGISTERED NUMBER:SC093707

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J MacLachlan
Director

Date: 29 March 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JOHN MACLACHLAN (QUARRIES) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1.


General information

John MacLachlan (Quarries) Limited is a private company, limited by shares and incorporated in Scotland; registration number SC093707. The address of the registered office is Head Office John MacLachlan Group, Torran Gorm Industrial Estate, Oban, Argyll, PA34 4PL.
The financial statements are presented in sterling, which is the functional currency of the company, and presented to the nearest £. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 3

 
JOHN MACLACHLAN (QUARRIES) LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
JOHN MACLACHLAN (QUARRIES) LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5

 
JOHN MACLACHLAN (QUARRIES) LIMITED
 

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

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Heritable property
-
nil - 6.67% straight line
Plant and machinery
-
6.67 - 25% straight line
Motor vehicles
-
25% straight line
Fixtures and fittings
-
10-25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.
Page 6

 
JOHN MACLACHLAN (QUARRIES) LIMITED
 

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

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 13).


4.


Tangible fixed assets





Heritable property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 July 2022
311,376
652,435
159,000
36,070
1,158,881


Additions
-
29,585
-
714
30,299


Transfers intra group
(85,000)
-
-
-
(85,000)



At 30 June 2023

226,376
682,020
159,000
36,784
1,104,180



Depreciation


At 1 July 2022
44,451
243,008
91,747
14,206
393,412


Charge for the year on owned assets
4,547
51,072
9,850
6,892
72,361



At 30 June 2023

48,998
294,080
101,597
21,098
465,773



Net book value



At 30 June 2023
177,378
387,940
57,403
15,686
638,407



At 30 June 2022
266,925
409,427
67,253
21,864
765,469

Page 7

 
JOHN MACLACHLAN (QUARRIES) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


5.


Debtors

2023
2022
£
£


Trade debtors
99,854
136,431

Other debtors
483,643
446,382

Prepayments and accrued income
17,126
4,000

600,623
586,813


Included within other debtors is an overdrawn director loan account balance of £7,000 (2022: £40,679). This was repaid in full by 29 March 2024.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
18,539
40,466

Bank loans
10,000
10,000

Trade creditors
74,434
124,672

Other taxation and social security
21,560
3,982

Obligations under finance lease and hire purchase contracts
81,669
120,049

Other creditors
402,427
414,563

Accruals and deferred income
4,825
2,995

613,454
716,727


The following liabilities disclosed under creditors falling due within one year are secured by the company:
Bank overdrafts - £18,539 (2022 - £40,466)
Hire purchase agreements - £81,669 (2022 - £120,049)
A bond and floating charge is held by the Bank of Scotland.


7.


Creditors: Amounts falling due are more than one year

2023
2022
£
£

Bank loans
19,167
29,166

Net obligations under finance leases and hire purchase contracts
95,481
177,150

114,648
206,316


The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
Hire purchase agreements - £95,481 (2022 - £177,150)

Page 8

 
JOHN MACLACHLAN (QUARRIES) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


8.


Accruals and deferred income

2023
2022
£
£

Grants
11,372
-



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



99 (2022 - 99) Ordinary shares of £1.00 each
99
99



Page 9