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REGISTERED NUMBER: SC365611 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

J&E MACGREGOR LTD.

J&E MACGREGOR LTD. (REGISTERED NUMBER: SC365611)

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


J&E MACGREGOR LTD.

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: J E MacGregor
A MacGregor



SECRETARY: A MacGregor



REGISTERED OFFICE: 1/4 Borthwick View
Pentland industrial Estate
Loanhead
EH20 9QH



REGISTERED NUMBER: SC365611 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Royal Bank of Scotland
142-144 Princes Street
Edinburgh
EH2 4EQ

J&E MACGREGOR LTD. (REGISTERED NUMBER: SC365611)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,117 37,470
Tangible assets 5 40,695 30,009
72,812 67,479

CURRENT ASSETS
Stocks 6 17,935 7,000
Debtors 7 30,068 21,964
Cash at bank and in hand 163,219 153,372
211,222 182,336
CREDITORS
Amounts falling due within one year 8 180,593 181,638
NET CURRENT ASSETS 30,629 698
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,441

68,177

CREDITORS
Amounts falling due after more than one year 9 (6,383 ) (10,694 )

PROVISIONS FOR LIABILITIES (9,949 ) (5,502 )
NET ASSETS 87,109 51,981

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 87,079 51,951
SHAREHOLDERS' FUNDS 87,109 51,981

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.

J&E MACGREGOR LTD. (REGISTERED NUMBER: SC365611)

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 29 July 2024 and were signed on its behalf by:




J E MacGregor - Director



A MacGregor - Director


J&E MACGREGOR LTD. (REGISTERED NUMBER: SC365611)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023


1. STATUTORY INFORMATION

J&E MacGregor 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of seventeen 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

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.

J&E MACGREGOR LTD. (REGISTERED NUMBER: SC365611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 130,000
AMORTISATION
At 1 November 2022 92,530
Charge for year 5,353
At 31 October 2023 97,883
NET BOOK VALUE
At 31 October 2023 32,117
At 31 October 2022 37,470

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 12,371 7,638 75,232 19,015 114,256
Additions - 280 29,796 881 30,957
At 31 October 2023 12,371 7,918 105,028 19,896 145,213
DEPRECIATION
At 1 November 2022 7,046 6,288 55,822 15,091 84,247
Charge for year 533 970 16,250 2,518 20,271
At 31 October 2023 7,579 7,258 72,072 17,609 104,518
NET BOOK VALUE
At 31 October 2023 4,792 660 32,956 2,287 40,695
At 31 October 2022 5,325 1,350 19,410 3,924 30,009

J&E MACGREGOR LTD. (REGISTERED NUMBER: SC365611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Computer
equipment
£   
COST
At 1 November 2022 2,205
Transfer to ownership (2,205 )
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 728
Transfer to ownership (728 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 1,477

6. STOCKS
2023 2022
£    £   
Stocks 17,935 7,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,636 19,285
Other debtors 2,432 2,679
30,068 21,964

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases - 1,114
Trade creditors 51,045 27,907
Taxation and social security 31,963 23,855
Other creditors 97,585 128,762
180,593 181,638

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 6,383 10,694

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £6,000 (2022: £6,000).

J&E MACGREGOR LTD. (REGISTERED NUMBER: SC365611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


11. BOUNCE BACK LOAN SCHEME

The company has borrowed £20,000 under the Governments Bounce Back Loan Scheme. Under the scheme the Government provides the bank with a guarantee that the loan will be repaid in full. Interest is charged at the rate of 2.5% and the loan is repayable by installments as detailed below.
2023 2022
£ £
< 1 year 4,259 3,892
2-5 years 6,383 10,694
> 5 years - -
10,642 14,586