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REGISTERED NUMBER: SC310972 (Scotland)







Unaudited Financial Statements

For The Year Ended 30th November 2023

for

McLuskey Glazing Limited

McLuskey Glazing Limited (Registered number: SC310972)






Contents of the Financial Statements
For The Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

McLuskey Glazing Limited

Company Information
For The Year Ended 30th November 2023







DIRECTORS: J M McLuskey
Mrs H McLuskey





SECRETARY: Mrs H McLuskey





REGISTERED OFFICE: 8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP





REGISTERED NUMBER: SC310972 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

McLuskey Glazing Limited (Registered number: SC310972)

Balance Sheet
30th November 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,270 100,972
86,270 100,972

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 68,560 82,807
Cash at bank 68,934 57,366
142,494 145,173
CREDITORS
Amounts falling due within one year 7 (101,288 ) (121,486 )
NET CURRENT ASSETS 41,206 23,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,476

124,659

CREDITORS
Amounts falling due after more than one
year

8

(16,986

)

(33,313

)
NET ASSETS 110,490 91,346

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 110,290 91,146
SHAREHOLDERS' FUNDS 110,490 91,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

McLuskey Glazing Limited (Registered number: SC310972)

Balance Sheet - continued
30th November 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 22nd August 2024 and were signed on its behalf by:





J M McLuskey - Director


McLuskey Glazing Limited (Registered number: SC310972)

Notes to the Financial Statements
For The Year Ended 30th November 2023

1. STATUTORY INFORMATION

McLuskey Glazing 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.

Changes in accounting policies
1. Per FRS 102 legislation the intangible asset of Goodwill has been restated to have a finite useful life of 10 years from date of purchase. This has led to an FRS adjustment of £50,000 to amortisation of intangible assets to bring the Goodwill in line with the new standard, per FRS 102, section 19, Business Combinations and Goodwill paragraph 19.23.

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 2006, 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.
Plant and machinery etc - 25% on reducing balance and 10% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

McLuskey Glazing Limited (Registered number: SC310972)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1st December 2022
and 30th November 2023 100,000
AMORTISATION
At 1st December 2022
and 30th November 2023 100,000
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1st December 2022 37,089 179,877 216,966
Additions - 3,600 3,600
Disposals - (14,295 ) (14,295 )
At 30th November 2023 37,089 169,182 206,271
DEPRECIATION
At 1st December 2022 - 115,994 115,994
Charge for year - 16,394 16,394
Eliminated on disposal - (12,387 ) (12,387 )
At 30th November 2023 - 120,001 120,001
NET BOOK VALUE
At 30th November 2023 37,089 49,181 86,270
At 30th November 2022 37,089 63,883 100,972

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 48,020 62,807
Other debtors 20,540 20,000
68,560 82,807

McLuskey Glazing Limited (Registered number: SC310972)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 20,000
Hire purchase contracts 16,294 18,858
Trade creditors 26,228 27,233
Taxation and social security 29,999 17,116
Other creditors 28,767 38,279
101,288 121,486

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Hire purchase contracts 16,986 33,313

McLuskey Glazing Limited

Report of the Accountants to the Directors of
McLuskey Glazing Limited

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th November 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP


22nd August 2024