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REGISTERED NUMBER: SC240498 (Scotland)















Financial Statements for the Year Ended 31 December 2023

for

MacDonald Plant Limited

MacDonald Plant Limited (Registered number: SC240498)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MacDonald Plant Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: I W MacDonald





REGISTERED OFFICE: Old Inn House
Moy
Inverness
IV13 7YF





REGISTERED NUMBER: SC240498 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

MacDonald Plant Limited (Registered number: SC240498)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,956 99,519

CURRENT ASSETS
Stocks 22,250 -
Debtors 5 58,207 46,556
Cash at bank 68,078 41,397
148,535 87,953
CREDITORS
Amounts falling due within one year 6 211,086 137,283
NET CURRENT LIABILITIES (62,551 ) (49,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,405

50,189

CREDITORS
Amounts falling due after more than one year 7 40,267 50,188
NET ASSETS 138 1

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 137 -
SHAREHOLDERS' FUNDS 138 1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

MacDonald Plant Limited (Registered number: SC240498)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





I W MacDonald - Director


MacDonald Plant Limited (Registered number: SC240498)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

MacDonald Plant 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.

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 - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 1 (2022 - 1 ) .

MacDonald Plant Limited (Registered number: SC240498)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 - 239,350 239,350
Additions 14,023 66,330 80,353
Disposals - (62,324 ) (62,324 )
At 31 December 2023 14,023 243,356 257,379
DEPRECIATION
At 1 January 2023 - 139,831 139,831
Charge for year - 27,828 27,828
Eliminated on disposal - (13,236 ) (13,236 )
At 31 December 2023 - 154,423 154,423
NET BOOK VALUE
At 31 December 2023 14,023 88,933 102,956
At 31 December 2022 - 99,519 99,519

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 18,682 17,443
Other debtors 39,525 29,113
58,207 46,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 39,141 8,697
Trade creditors 65,114 44,823
Taxation and social security 99,071 74,538
Other creditors 1,760 3,225
211,086 137,283

MacDonald Plant Limited (Registered number: SC240498)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 11,000 17,000
Hire purchase contracts 29,267 33,188
40,267 50,188

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
I W MacDonald
Balance outstanding at start of year 13,272 45,500
Amounts advanced 10,395 36,437
Amounts repaid - (68,665 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,667 13,272

9. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr I MacDonald by virtue of his 100% holding in the ordinary share capital of the company.