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REGISTERED NUMBER: SC423713 (Scotland)









MCINNES GARDNER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






MCINNES GARDNER LIMITED (REGISTERED NUMBER: SC423713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MCINNES GARDNER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: A J D MacIntyre





REGISTERED OFFICE: 7 Lynedoch Crescent
Glasgow
G3 6DZ





REGISTERED NUMBER: SC423713 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MCINNES GARDNER LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 McInnes Gardner Limited for the year ended 31st July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of McInnes Gardner Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of McInnes Gardner Limited and state those matters that we have agreed to state to the director of McInnes Gardner Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that McInnes Gardner 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 loss of McInnes Gardner Limited. You consider that McInnes Gardner 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 McInnes Gardner 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.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


29th July 2024

MCINNES GARDNER LIMITED (REGISTERED NUMBER: SC423713)

BALANCE SHEET
31ST JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 144,000 -
Tangible assets 5 2,645 1,920
146,645 1,920

CURRENT ASSETS
Debtors 6 35,497 259,281
Cash at bank and in hand 7,011 1
42,508 259,282
CREDITORS
Amounts falling due within one year 7 50,928 73,663
NET CURRENT (LIABILITIES)/ASSETS (8,420 ) 185,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,225

187,539

CREDITORS
Amounts falling due after more than one
year

8

26,668

36,667
NET ASSETS 111,557 150,872

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 111,556 150,871
SHAREHOLDERS' FUNDS 111,557 150,872

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

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

MCINNES GARDNER LIMITED (REGISTERED NUMBER: SC423713)

BALANCE SHEET - continued
31ST JULY 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 director and authorised for issue on 29th July 2024 and were signed by:





A J D MacIntyre - Director


MCINNES GARDNER LIMITED (REGISTERED NUMBER: SC423713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

McInnes Gardner 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern basis
The financial statements have been prepared on the going concern basis. The director believes that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover
The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

Goodwill
Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% straight line
Computer equipment - 20% straight line

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


MCINNES GARDNER LIMITED (REGISTERED NUMBER: SC423713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 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.

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.

Long term contracts
The company classifies as long term those contracts where the contract activity extends over more than one
accounting period.

The amount recognised as turnover represents the value of work carried out during the year. Where the outcome of a contract can be assessed with reasonable certainty attributable profit is recognised in proportion to the amount of turnover recognised in the financial statements. Full provision is made for any foreseeable losses.

Where the amount recognised as turnover exceeds the payments received on account in respect of that contract, the balance is included in debtors as amounts recoverable on contracts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 160,000
At 31st July 2023 160,000
AMORTISATION
Amortisation for year 16,000
At 31st July 2023 16,000
NET BOOK VALUE
At 31st July 2023 144,000

MCINNES GARDNER LIMITED (REGISTERED NUMBER: SC423713)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st August 2022 300 1,743 2,043
Additions - 1,333 1,333
At 31st July 2023 300 3,076 3,376
DEPRECIATION
At 1st August 2022 20 103 123
Charge for year 60 548 608
At 31st July 2023 80 651 731
NET BOOK VALUE
At 31st July 2023 220 2,425 2,645
At 31st July 2022 280 1,640 1,920

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 9,906 45,653
Amounts recoverable on
contracts 21,541 26,850
Other debtors 1,022 5,309
Owed by A. McInnes Gardner & Partners - 150,910
Directors' current accounts 3,028 15,731
VAT - 14,828
35,497 259,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 3,919 6,867
Taxation and social security 30,621 48,990
Other creditors 6,388 7,806
50,928 73,663

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans (see note 9) 26,668 36,667

MCINNES GARDNER LIMITED (REGISTERED NUMBER: SC423713)

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

9. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,668 26,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary shares £1 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2023 and 31st July 2022:

31.7.23 31.7.22
£    £   
A J D MacIntyre
Balance outstanding at start of year 15,731 -
Amounts advanced (91,998 ) 23,118
Amounts repaid 79,295 (7,387 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,028 15,731

This amount bears no interest and has no fixed repayment terms.

12. RELATED PARTY DISCLOSURES

On 1st August, 2022 the company acquired the trade and goodwill of A. McInnes Gardner & Partners which was owned by A J D MacIntyre. The goodwill arising was valued at £160,000.

13. ULTIMATE CONTROLLING PARTY

The company was under the control of A J D MacIntyre throughout the current and previous year.