Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC111020 2023-05-01 2024-04-30 SC111020 2022-05-01 2023-04-30 SC111020 2024-04-30 SC111020 2023-04-30 SC111020 c:CompanySecretary1 2023-05-01 2024-04-30 SC111020 c:Director1 2023-05-01 2024-04-30 SC111020 c:Director2 2023-05-01 2024-04-30 SC111020 c:Director3 2023-05-01 2024-04-30 SC111020 c:Director4 2023-05-01 2024-04-30 SC111020 c:RegisteredOffice 2023-05-01 2024-04-30 SC111020 d:PlantMachinery 2023-05-01 2024-04-30 SC111020 d:PlantMachinery 2024-04-30 SC111020 d:PlantMachinery 2023-04-30 SC111020 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC111020 d:MotorVehicles 2023-05-01 2024-04-30 SC111020 d:MotorVehicles 2024-04-30 SC111020 d:MotorVehicles 2023-04-30 SC111020 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC111020 d:FurnitureFittings 2023-05-01 2024-04-30 SC111020 d:FurnitureFittings 2024-04-30 SC111020 d:FurnitureFittings 2023-04-30 SC111020 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC111020 d:ComputerEquipment 2023-05-01 2024-04-30 SC111020 d:ComputerEquipment 2024-04-30 SC111020 d:ComputerEquipment 2023-04-30 SC111020 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC111020 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC111020 d:CurrentFinancialInstruments 2024-04-30 SC111020 d:CurrentFinancialInstruments 2023-04-30 SC111020 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC111020 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC111020 d:ShareCapital 2024-04-30 SC111020 d:ShareCapital 2023-04-30 SC111020 d:SharePremium 2024-04-30 SC111020 d:SharePremium 2023-04-30 SC111020 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC111020 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC111020 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC111020 c:OrdinaryShareClass1 2024-04-30 SC111020 c:OrdinaryShareClass1 2023-04-30 SC111020 c:FRS102 2023-05-01 2024-04-30 SC111020 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC111020 c:FullAccounts 2023-05-01 2024-04-30 SC111020 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC111020 d:WithinOneYear 2024-04-30 SC111020 d:WithinOneYear 2023-04-30 SC111020 d:BetweenOneFiveYears 2024-04-30 SC111020 d:BetweenOneFiveYears 2023-04-30 SC111020 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC111020










MAKEIN AND MCNAB LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
MAKEIN AND MCNAB LIMITED
 

COMPANY INFORMATION


Directors
J A D Makein 
J J Makein 
G J Makein 
R Makein 




Company secretary
Mrs J J Makein



Registered number
SC111020



Registered office
9 Riverside Court
Coal Road

Cupar

Fife

KY15 5JY




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
MAKEIN AND MCNAB LIMITED
REGISTERED NUMBER: SC111020

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
54,734
48,715

  
54,734
48,715

Current assets
  

Stocks
  
2,000
2,000

Debtors: amounts falling due within one year
 5 
66,930
67,772

Cash at bank and in hand
  
129,564
80,542

  
198,494
150,314

Creditors: amounts falling due within one year
 6 
(65,911)
(52,512)

Net current assets
  
 
 
132,583
 
 
97,802

Total assets less current liabilities
  
187,317
146,517

Provisions for liabilities
  

Deferred tax
  
(13,497)
(11,966)

  
 
 
(13,497)
 
 
(11,966)

Net assets
  
173,820
134,551


Capital and reserves
  

Called up share capital 
 7 
7,832
7,832

Share premium account
  
7,830
7,830

Profit and loss account
  
158,158
118,889

  
173,820
134,551


Page 1

 
MAKEIN AND MCNAB LIMITED
REGISTERED NUMBER: SC111020

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.




J A D Makein
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MAKEIN AND MCNAB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Makein and McNab Limited is a private company, limited by shares, incorporated in Scotland with registration number SC111020. The registered office is 9 Riverside Court, Coal Road, Cupar, Fife, KY15 5JY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. In respect of work which a contract for sale applies, turnover represents taht part of the contract value attributable to the stage reached at the balance sheet date. Where no contract exists turnover represents the total sales value legally completed transactions in the period. The following criteria must also be met before turnover is recognised:

Rendering of services; Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 - the amount of turnover can be measured reliably;
 - it is probable that the Company will receive the consideration due under the contract;
 - the stage of completion of the contract at the end of the reporting period can be measured reliably; and
 - the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MAKEIN AND MCNAB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Plant and machinery
-
15% per annum of net book value
Motor vehicles
-
25% per annum of net book value
Fixtures and fittings
-
15% per annum of net book value
Computer equipment
-
33.33% of net book value

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MAKEIN AND MCNAB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
54,467
104,387
5,328
12,159
176,341


Additions
-
24,865
-
-
24,865


Disposals
-
(14,595)
-
-
(14,595)



At 30 April 2024

54,467
114,657
5,328
12,159
186,611



Depreciation


At 1 May 2023
52,081
59,150
4,236
12,159
127,626


Charge for the year on owned assets
359
17,251
140
-
17,750


Disposals
-
(13,499)
-
-
(13,499)



At 30 April 2024

52,440
62,902
4,376
12,159
131,877



Net book value



At 30 April 2024
2,027
51,755
952
-
54,734



At 30 April 2023
2,386
45,237
1,092
-
48,715

Page 5

 
MAKEIN AND MCNAB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
64,798
55,882

Other debtors
-
9,417

Prepayments and accrued income
2,132
2,473

66,930
67,772



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
28,612
26,051

Other taxation and social security
24,927
15,588

Other creditors
2,546
4,141

Accruals and deferred income
9,826
6,732

65,911
52,512



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



7,832 (2023 - 7,832) Ordinary shares of £1 each shares of £1.00 each
7,832
7,832



8.


Capital commitments


At 30 April 2024 the Company had capital commitments as follows:

2024
2023
£
£


Motor vehicle purchase
-
24,865

-
24,865

Page 6

 
MAKEIN AND MCNAB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
1,112
7,195

Later than 1 year and not later than 5 years
3,058
4,170

4,170
11,365


Page 7