MacTaggart & Dallas Ltd
Registered number: SC432670
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 1,535 12,683
Cash at bank and in hand 20,600 24,528
22,135 37,211
Creditors: amounts falling due within one year 5 (7,245) (10,664)
Net current assets 14,890 26,547
Net assets 14,890 26,547
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,790 26,447
Shareholders' funds 14,890 26,547
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G.MacTaggart
Director
Approved by the board on 11 April 2024
MacTaggart & Dallas Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,852
At 30 September 2023 1,852
Depreciation
Charge for the year 1,852
At 30 September 2023 1,852
Net book value
At 30 September 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 1,535 12,683
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 950 950
Corporation tax 2,415 4,763
Other creditors 3,880 4,951
7,245 10,664
6 Other information
MacTaggart & Dallas Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
7 Bucklerburn Wynd
Peterculter
Aberdeen
AB14 0XR
MacTaggart & Dallas Ltd SC432670 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts October 2023 release 2 G.MacTaggart No description of principal activity SC432670 2021-10-01 2022-09-30 SC432670 core:WithinOneYear 2022-09-30 SC432670 core:ShareCapital 2022-09-30 SC432670 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC432670 2022-10-01 2023-09-30 SC432670 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC432670 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 SC432670 bus:Director40 2022-10-01 2023-09-30 SC432670 core:PlantMachinery 2022-10-01 2023-09-30 SC432670 countries:England 2022-10-01 2023-09-30 SC432670 bus:FRS102 2022-10-01 2023-09-30 SC432670 bus:FullAccounts 2022-10-01 2023-09-30 SC432670 2023-09-30 SC432670 core:WithinOneYear 2023-09-30 SC432670 core:ShareCapital 2023-09-30 SC432670 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC432670 core:PlantMachinery 2023-09-30 SC432670 2022-09-30 iso4217:GBP xbrli:pure