IRIS Accounts Production v24.1.9.2 SC212427 director 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2124272022-10-31SC2124272023-10-31SC2124272022-11-012023-10-31SC2124272021-10-31SC2124272021-11-012022-10-31SC2124272022-10-31SC212427ns15:Scotland2022-11-012023-10-31SC212427ns14:PoundSterling2022-11-012023-10-31SC212427ns10:Director12022-11-012023-10-31SC212427ns10:PrivateLimitedCompanyLtd2022-11-012023-10-31SC212427ns10:SmallEntities2022-11-012023-10-31SC212427ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31SC212427ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-31SC212427ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC212427ns10:AbridgedAccounts2022-11-012023-10-31SC21242712022-11-012023-10-31SC212427ns10:CompanySecretary12022-11-012023-10-31SC212427ns10:RegisteredOffice2022-11-012023-10-31SC212427ns5:CurrentFinancialInstruments2023-10-31SC212427ns5:CurrentFinancialInstruments2022-10-31SC212427ns5:Non-currentFinancialInstruments2023-10-31SC212427ns5:Non-currentFinancialInstruments2022-10-31SC212427ns5:NetGoodwill2022-11-012023-10-31SC212427ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-31SC212427ns5:LandBuildings2022-11-012023-10-31SC212427ns5:PlantMachinery2022-11-012023-10-31SC2124271ns10:Director12022-10-31SC2124271ns10:Director12021-10-31SC2124271ns10:Director12022-11-012023-10-31SC2124271ns10:Director12021-11-012022-10-31SC2124271ns10:Director12023-10-31SC2124271ns10:Director12022-10-31
REGISTERED NUMBER: SC212427 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

A A Macdonald Limited

A A Macdonald Limited (Registered number: SC212427)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A A Macdonald Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A A Macdonald





SECRETARY: Mrs M Macdonald





REGISTERED OFFICE: Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB





REGISTERED NUMBER: SC212427 (Scotland)





ACCOUNTANTS: Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

A A Macdonald Limited (Registered number: SC212427)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 555,628 577,323
555,628 577,323

CURRENT ASSETS
Stocks 45,695 46,592
Debtors 93,447 102,890
Cash at bank and in hand 19,797 28,044
158,939 177,526
CREDITORS
Amounts falling due within one year 168,596 152,822
NET CURRENT (LIABILITIES)/ASSETS (9,657 ) 24,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

545,971

602,027

CREDITORS
Amounts falling due after more than one
year

6

274,552

312,443
NET ASSETS 271,419 289,584

A A Macdonald Limited (Registered number: SC212427)

Abridged Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 287,400 287,400
Retained earnings 8 (16,081 ) 2,084
SHAREHOLDERS' FUNDS 271,419 289,584

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 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2024 and were signed by:





A A Macdonald - Director


A A Macdonald Limited (Registered number: SC212427)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

A A Macdonald 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.

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 as modified by the revaluation of certain assets.

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 2000, is being amortised evenly over its estimated useful life of ten 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.
Land and buildings - Straight line over 50 years and at varying rates on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and at variable rates on reducing balance

Where retail stores are acquired as trading entities, the cost of the land and buildings includes an element of trading potential at the date of purchase. Freehold and leasehold retail stores are carried at valuation on the basis of each being a fully equipped entity inclusive of fixtures and fittings and appropriate licenses and having regard to the trading potential of each store. Depreciation is provided only where a material reduction in value is considered probable at the end of the period of likely occupation. Where any impairment in value is identified, provision is made through the profit and loss account.

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


A A Macdonald Limited (Registered number: SC212427)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 122,000
AMORTISATION
At 1 November 2022
and 31 October 2023 122,000
NET BOOK VALUE

At 31 October 2023 -
At 31 October 2022 -

A A Macdonald Limited (Registered number: SC212427)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2022 801,948
Additions 3,396
At 31 October 2023 805,344
DEPRECIATION
At 1 November 2022 224,625
Charge for year 25,091
At 31 October 2023 249,716
NET BOOK VALUE
At 31 October 2023 555,628
At 31 October 2022 577,323

The director revalued retail stores on an existing use basis which includes an element of trading potential that attaches to the business but includes no value for goodwill.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 176,126 190,079

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 255,206 271,023

The bank loan is secured by a floating charge and standard security over the company's assets.

A A Macdonald Limited (Registered number: SC212427)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2022 2,084 287,400 289,484
Deficit for the year (18,165 ) (18,165 )
At 31 October 2023 (16,081 ) 287,400 271,319

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.10.23 31.10.22
£    £   
A A Macdonald
Balance outstanding at start of year 64,042 70,307
Amounts advanced 109,000 33,235
Amounts repaid (110,769 ) (39,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,273 64,042