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REGISTERED NUMBER: SC223834 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MCALLISTER & CONSIDINE LTD.

MCALLISTER & CONSIDINE LTD. (REGISTERED NUMBER: SC223834)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCALLISTER & CONSIDINE LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: G McAllister
D Marsden
A J McAllister





REGISTERED OFFICE: Stanley House
69/71 Hamilton Road
Motherwell
ML1 3DG





BUSINESS ADDRESS: Monklands Funeral Home
93 High Street
Aidrie
ML6 0DX





REGISTERED NUMBER: SC223834 (Scotland)





ACCOUNTANTS: McDaid & Partners
Stanley House
69/71 Hamilton Road
Motherwell
Lanarkshire
ML1 3DG

MCALLISTER & CONSIDINE LTD. (REGISTERED NUMBER: SC223834)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,547 83,547
Tangible assets 5 298,878 278,316
380,425 361,863

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 6 529,759 593,248
Cash at bank and in hand 1,047,226 818,802
1,580,985 1,416,050
CREDITORS
Amounts falling due within one year 7 461,518 489,317
NET CURRENT ASSETS 1,119,467 926,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,499,892

1,288,596

PROVISIONS FOR LIABILITIES 32,164 16,505
NET ASSETS 1,467,728 1,272,091

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,467,628 1,271,991
SHAREHOLDERS' FUNDS 1,467,728 1,272,091

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

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

MCALLISTER & CONSIDINE LTD. (REGISTERED NUMBER: SC223834)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





G McAllister - Director


MCALLISTER & CONSIDINE LTD. (REGISTERED NUMBER: SC223834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

McAllister & Considine Ltd. 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.

Turnover represents the amounts, including value added tax, derived from the provision of funeral goods and services and is recognised in the financial statements when the goods have been delivered to the customer or when the service has been completed.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

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.


MCALLISTER & CONSIDINE LTD. (REGISTERED NUMBER: SC223834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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.

Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial & financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

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.

Basic financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Government grants
Government grants are eligible for recognition within the financial statements once they become receivable

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

MCALLISTER & CONSIDINE LTD. (REGISTERED NUMBER: SC223834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 40,000 79,547 119,547
AMORTISATION
At 1 November 2022 36,000 - 36,000
Amortisation for year 2,000 - 2,000
At 31 October 2023 38,000 - 38,000
NET BOOK VALUE
At 31 October 2023 2,000 79,547 81,547
At 31 October 2022 4,000 79,547 83,547

5. TANGIBLE FIXED ASSETS
Property Fixtures Motor
improvements & fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 134,312 34,251 318,065 486,628
Additions - - 103,964 103,964
Disposals - - (102,203 ) (102,203 )
At 31 October 2023 134,312 34,251 319,826 488,389
DEPRECIATION
At 1 November 2022 - 32,991 175,321 208,312
Charge for year - 315 40,361 40,676
Eliminated on disposal - - (59,477 ) (59,477 )
At 31 October 2023 - 33,306 156,205 189,511
NET BOOK VALUE
At 31 October 2023 134,312 945 163,621 298,878
At 31 October 2022 134,312 1,260 142,744 278,316

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 57,884 74,211
Other debtors 471,875 519,037
529,759 593,248

MCALLISTER & CONSIDINE LTD. (REGISTERED NUMBER: SC223834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 160,210 202,693
Taxation and social security 56,135 66,405
Other creditors 245,173 220,219
461,518 489,317

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
G McAllister and D Marsden
Balance outstanding at start of year 194,108 221,958
Amounts advanced 13,795 27,000
Amounts repaid (4,172 ) (54,850 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 203,731 194,108

A J McAllister
Balance outstanding at start of year (9,136 ) (12,496 )
Amounts advanced 1,511 6,000
Amounts repaid (2,286 ) (2,640 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,911 ) (9,136 )

Loans from and to directors are interest free and repayable upon demand.