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REGISTERED NUMBER: SC582672 (Scotland)















Financial Statements

for the Year Ended

30th November 2023

for

McDonald Builders Ltd

McDonald Builders Ltd (Registered number: SC582672)






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


McDonald Builders Ltd

Company Information
for the Year Ended 30th November 2023







DIRECTOR: I McDonald





REGISTERED OFFICE: 58 Long Lane
Broughty Ferry
Dundee
DD5 1HH





REGISTERED NUMBER: SC582672 (Scotland)






McDonald Builders Ltd (Registered number: SC582672)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,141 2,921

CURRENT ASSETS
Debtors 5 525 3,854
Cash at bank 25,674 14,875
26,199 18,729
CREDITORS
Amounts falling due within one year 6 12,144 7,554
NET CURRENT ASSETS 14,055 11,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,196

14,096

CREDITORS
Amounts falling due after more than one
year

7

3,252

4,011
NET ASSETS 14,944 10,085

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 13,944 9,085
SHAREHOLDERS' FUNDS 14,944 10,085

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 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.

McDonald Builders Ltd (Registered number: SC582672)

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 director and authorised for issue on 23rd August 2024 and were signed by:





I McDonald - Director


McDonald Builders Ltd (Registered number: SC582672)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

McDonald Builders 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.

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 20% on reducing balance

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 2 (2022 - 2 ) .

McDonald Builders Ltd (Registered number: SC582672)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st December 2022 3,785 8,000 11,785
Additions 2,255 - 2,255
At 30th November 2023 6,040 8,000 14,040
DEPRECIATION
At 1st December 2022 2,763 6,101 8,864
Charge for year 655 380 1,035
At 30th November 2023 3,418 6,481 9,899
NET BOOK VALUE
At 30th November 2023 2,622 1,519 4,141
At 30th November 2022 1,022 1,899 2,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 525 3,854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 3,012 3,015
Trade creditors 5,568 3,336
Taxation and social security 1,306 1,008
Other creditors 2,258 195
12,144 7,554

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 3,252 4,011