Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC368035 David MacMillan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC368035 2022-11-30 SC368035 2023-11-30 SC368035 2022-12-01 2023-11-30 SC368035 frs-core:CurrentFinancialInstruments 2023-11-30 SC368035 frs-core:Non-currentFinancialInstruments 2023-11-30 SC368035 frs-core:BetweenOneFiveYears 2023-11-30 SC368035 frs-core:ComputerEquipment 2023-11-30 SC368035 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC368035 frs-core:ComputerEquipment 2022-11-30 SC368035 frs-core:FurnitureFittings 2023-11-30 SC368035 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC368035 frs-core:FurnitureFittings 2022-11-30 SC368035 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 SC368035 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 SC368035 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-30 SC368035 frs-core:MotorVehicles 2023-11-30 SC368035 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC368035 frs-core:MotorVehicles 2022-11-30 SC368035 frs-core:WithinOneYear 2023-11-30 SC368035 frs-core:ShareCapital 2023-11-30 SC368035 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC368035 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC368035 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC368035 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC368035 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC368035 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC368035 frs-bus:Director1 2022-12-01 2023-11-30 SC368035 frs-core:CurrentFinancialInstruments 1 2023-11-30 SC368035 frs-core:CurrentFinancialInstruments 2 2023-11-30 SC368035 frs-core:CurrentFinancialInstruments 3 2023-11-30 SC368035 frs-countries:Scotland 2022-12-01 2023-11-30 SC368035 2021-11-30 SC368035 2022-11-30 SC368035 2021-12-01 2022-11-30 SC368035 frs-core:CurrentFinancialInstruments 2022-11-30 SC368035 frs-core:Non-currentFinancialInstruments 2022-11-30 SC368035 frs-core:BetweenOneFiveYears 2022-11-30 SC368035 frs-core:WithinOneYear 2022-11-30 SC368035 frs-core:ShareCapital 2022-11-30 SC368035 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 SC368035 frs-core:CurrentFinancialInstruments 1 2022-11-30 SC368035 frs-core:CurrentFinancialInstruments 2 2022-11-30 SC368035 frs-core:CurrentFinancialInstruments 3 2022-11-30 SC368035 frs-core:CurrentFinancialInstruments 5 2022-11-30
Registered number: SC368035
MacMillan Property Maintenance Ltd.
Unaudited Financial Statements
For The Year Ended 30 November 2023
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC368035
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 136,900 107,131
136,900 107,131
CURRENT ASSETS
Stocks 5 20,000 15,000
Debtors 6 615,178 260,341
Cash at bank and in hand 145,626 201,741
780,804 477,082
Creditors: Amounts Falling Due Within One Year 7 (469,662 ) (200,721 )
NET CURRENT ASSETS (LIABILITIES) 311,142 276,361
TOTAL ASSETS LESS CURRENT LIABILITIES 448,042 383,492
Creditors: Amounts Falling Due After More Than One Year 8 (43,205 ) (105,071 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,011 ) (20,355 )
NET ASSETS 378,826 258,066
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 378,825 258,065
SHAREHOLDERS' FUNDS 378,826 258,066
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Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
David MacMillan
Director
29/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MacMillan Property Maintenance Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC368035 . The registered office is 14 Newton Place, Glasgow, G3 7PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Office and administration 13 13
13 13
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 9,045 173,165 8,975 1,877 193,062
Additions - 82,225 - - 82,225
Disposals - (15,850 ) - - (15,850 )
As at 30 November 2023 9,045 239,540 8,975 1,877 259,437
Depreciation
As at 1 December 2022 7,236 68,873 8,005 1,817 85,931
Provided during the period 1,809 45,375 242 15 47,441
Disposals - (10,835 ) - - (10,835 )
As at 30 November 2023 9,045 103,413 8,247 1,832 122,537
Net Book Value
As at 30 November 2023 - 136,127 728 45 136,900
As at 1 December 2022 1,809 104,292 970 60 107,131
5. Stocks
2023 2022
£ £
Work in progress 20,000 15,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 589,202 225,909
Prepayments and accrued income 4,111 11,767
Other debtors 18,200 18,200
Other debtors (1) - 800
Other debtors (2) 385 385
Other debtors (3) 3,280 3,280
615,178 260,341
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 35,758 24,201
Trade creditors 247,132 53,895
Bank loans and overdrafts - 20,000
Corporation tax 40,555 27,523
Other taxes and social security 15,662 10,110
VAT 113,211 43,113
Other creditors 3,834 3,114
Other creditors - Credit Card (7,391 ) 7,008
Other creditors (3) 2,061 976
Other creditors (5) - 720
Accruals and deferred income 17,820 8,120
Director's loan account 1,020 1,941
469,662 200,721
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 43,205 50,071
Bank loans - 55,000
43,205 105,071
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,758 24,201
Later than one year and not later than five years 43,205 50,071
78,963 74,272
78,963 74,272
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
During the year the following loans were made from the director to the company:

Opening balance - £163.77
Payments - (£102.77)
Closing balance - £266.54

The loan is made interest free and is repayable on demand.
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