Registered number
SC550102
Macpherson Automation Procurement Services Limited
Filleted Accounts
30 November 2023
Macpherson Automation Procurement Services Limited
Registered number: SC550102
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 - 9,500
Cash at bank and in hand 223,341 180,121
223,341 189,621
Creditors: amounts falling due within one year 4 (19,512) (16,394)
Net current assets 203,829 173,227
Net assets 203,829 173,227
Capital and reserves
Called up share capital 100 100
Profit and loss account 203,729 173,127
Shareholder's funds 203,829 173,227
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Gillies
Director
Approved by the board on 18 June 2024
Macpherson Automation Procurement Services Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors - 9,500
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 17,039 14,001
Other creditors 2,473 2,393
19,512 16,394
5 Related party transactions
During the year, dividends of £30,000 (2022 : £15,000) were paid to the director.
6 Controlling party
The company is controlled by G Gillies, by virtue of his ownership of the whole issued share capital of the company.
7 Other information
Macpherson Automation Procurement Services Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Suite 3 Century Court
Riverside Way
Riverside Business Park
Irvine
KA11 5DG
Macpherson Automation Procurement Services Limited SC550102 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts October 2023 release 2 G Gillies No description of principal activity SC550102 2021-12-01 2022-11-30 SC550102 core:WithinOneYear 2022-11-30 SC550102 core:ShareCapital 2022-11-30 SC550102 core:RetainedEarningsAccumulatedLosses 2022-11-30 SC550102 2022-12-01 2023-11-30 SC550102 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC550102 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 SC550102 bus:Director40 2022-12-01 2023-11-30 SC550102 1 2022-12-01 2023-11-30 SC550102 2 2022-12-01 2023-11-30 SC550102 countries:England 2022-12-01 2023-11-30 SC550102 bus:FRS102 2022-12-01 2023-11-30 SC550102 bus:FullAccounts 2022-12-01 2023-11-30 SC550102 2023-11-30 SC550102 core:WithinOneYear 2023-11-30 SC550102 core:ShareCapital 2023-11-30 SC550102 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC550102 2022-11-30 iso4217:GBP xbrli:pure