Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC532738 Mr CRAWFORD MACKAY Mrs GILLIAN MACKAY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC532738 2023-03-31 SC532738 2024-03-31 SC532738 2023-04-01 2024-03-31 SC532738 frs-core:CurrentFinancialInstruments 2024-03-31 SC532738 frs-core:Non-currentFinancialInstruments 2024-03-31 SC532738 frs-core:BetweenOneFiveYears 2024-03-31 SC532738 frs-core:ComputerEquipment 2024-03-31 SC532738 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC532738 frs-core:ComputerEquipment 2023-03-31 SC532738 frs-core:MotorVehicles 2024-03-31 SC532738 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC532738 frs-core:MotorVehicles 2023-03-31 SC532738 frs-core:PlantMachinery 2024-03-31 SC532738 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC532738 frs-core:PlantMachinery 2023-03-31 SC532738 frs-core:ShareCapital 2024-03-31 SC532738 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC532738 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC532738 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC532738 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC532738 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC532738 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC532738 frs-bus:Director1 2023-04-01 2024-03-31 SC532738 frs-bus:Director2 2023-04-01 2024-03-31 SC532738 frs-countries:Scotland 2023-04-01 2024-03-31 SC532738 2022-03-31 SC532738 2023-03-31 SC532738 2022-04-01 2023-03-31 SC532738 frs-core:CurrentFinancialInstruments 2023-03-31 SC532738 frs-core:Non-currentFinancialInstruments 2023-03-31 SC532738 frs-core:BetweenOneFiveYears 2023-03-31 SC532738 frs-core:ShareCapital 2023-03-31 SC532738 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC532738
MACKAY JOINERS AND BUILDERS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Kenneth Phillips & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC532738
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,866 10,546
31,866 10,546
CURRENT ASSETS
Stocks 5 - 7,500
Debtors 6 66,565 59,500
Cash at bank and in hand 14,613 13,167
81,178 80,167
Creditors: Amounts Falling Due Within One Year 7 (27,461 ) (25,948 )
NET CURRENT ASSETS (LIABILITIES) 53,717 54,219
TOTAL ASSETS LESS CURRENT LIABILITIES 85,583 64,765
Creditors: Amounts Falling Due After More Than One Year 8 (51,037 ) (35,297 )
NET ASSETS 34,546 29,468
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 34,446 29,368
SHAREHOLDERS' FUNDS 34,546 29,468
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr CRAWFORD MACKAY
Director
20th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MACKAY JOINERS AND BUILDERS LTD is a private company, limited by shares, incorporated in Scotland, registered number SC532738 . The registered office is 40 Station RD, BEARSDEN, G61 4AL.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 20%
Motor Vehicles 20%
Computer Equipment 100%
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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:5 7 (2023: 7)
7 7
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 45,095 48,553 5,656 99,304
Additions 2,807 37,000 451 40,258
Disposals - (48,533 ) - (48,533 )
As at 31 March 2024 47,902 37,020 6,107 91,029
Depreciation
As at 1 April 2023 41,955 41,147 5,656 88,758
Provided during the period 3,701 7,400 451 11,552
Disposals - (41,147 ) - (41,147 )
As at 31 March 2024 45,656 7,400 6,107 59,163
Net Book Value
As at 31 March 2024 2,246 29,620 - 31,866
As at 1 April 2023 3,140 7,406 - 10,546
5. Stocks
2024 2023
£ £
Work in progress - 7,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,565 59,500
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,000 5,441
Corporation tax 2,754 -
Other taxes and social security 1,565 1,541
VAT 8,955 10,515
Accruals and deferred income 1,188 1,188
Directors' loan accounts 2,999 7,263
27,461 25,948
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 42,062 22,999
Bank loans 8,975 12,298
51,037 35,297
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 42,062 22,999
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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