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REGISTERED NUMBER: SC353652 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Waugh And McKean Limited

Waugh And McKean Limited (by shares) (Registered number: SC353652)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2


Waugh And McKean Limited (by shares)

Company Information
for the Year Ended 31 January 2024







DIRECTORS: D W Waugh
I C McKean





SECRETARY: D W Waugh





REGISTERED OFFICE: 7 Bailleul Grove
Hawick
Roxburghshire
TD9 9PP





REGISTERED NUMBER: SC353652 (Scotland)





ACCOUNTANTS: EQ Accountants (Trading name)
Douglas Home & Co Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Waugh And McKean Limited (by shares) (Registered number: SC353652)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
£    £    £    £   
FIXED ASSETS 53,404 49,567

CURRENT ASSETS 44,546 60,314

CREDITORS
Amounts falling due within one year (77,980 ) (86,117 )
NET CURRENT LIABILITIES (33,434 ) (25,803 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,970

23,764

CREDITORS
Amounts falling due after more than one
year

15,485

15,885
NET ASSETS 4,485 7,879

CAPITAL AND RESERVES 4,485 7,879

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2023 - 4 ) .

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31/1/24 31/1/23
£    £   
D W Waugh
Balance outstanding at start of year 20,615 21,265
Amounts advanced 28,091 34,350
Amounts repaid (30,000 ) (35,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,706 20,615

I C McKean
Balance outstanding at start of year (7,406 ) (915 )
Amounts advanced 25,596 28,509
Amounts repaid (30,000 ) (35,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,810 ) (7,406 )



Waugh And McKean Limited (by shares) (Registered number: SC353652)

Statement of Financial Position - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





D W Waugh - Director