2023-02-012024-01-312024-01-31falseSC371855ANGUS & MACK LTD.2024-10-3032990iso4217:GBPxbrli:pureSC3718552023-02-01SC3718552024-01-31SC3718552023-02-012024-01-31SC3718552022-02-01SC3718552023-01-31SC3718552022-02-012023-01-31SC371855bus:SmallEntities2023-02-012024-01-31SC371855bus:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC371855bus:FullAccounts2023-02-012024-01-31SC371855bus:PrivateLimitedCompanyLtd2023-02-012024-01-31SC371855core:WithinOneYear2024-01-31SC371855core:AfterOneYear2024-01-31SC371855core:WithinOneYear2023-01-31SC371855core:AfterOneYear2023-01-31SC371855core:ShareCapital2024-01-31SC371855core:SharePremium2024-01-31SC371855core:RevaluationReserve2024-01-31SC371855core:OtherReservesSubtotal2024-01-31SC371855core:RetainedEarningsAccumulatedLosses2024-01-31SC371855core:ShareCapital2023-01-31SC371855core:SharePremium2023-01-31SC371855core:RevaluationReserve2023-01-31SC371855core:OtherReservesSubtotal2023-01-31SC371855core:RetainedEarningsAccumulatedLosses2023-01-31SC371855core:LandBuildings2024-01-31SC371855core:PlantMachinery2024-01-31SC371855core:Vehicles2024-01-31SC371855core:FurnitureFittings2024-01-31SC371855core:OfficeEquipment2024-01-31SC371855core:NetGoodwill2024-01-31SC371855core:IntangibleAssetsOtherThanGoodwill2024-01-31SC371855core:ListedExchangeTraded2024-01-31SC371855core:UnlistedNon-exchangeTraded2024-01-31SC371855core:LandBuildings2023-01-31SC371855core:PlantMachinery2023-01-31SC371855core:Vehicles2023-01-31SC371855core:FurnitureFittings2023-01-31SC371855core:OfficeEquipment2023-01-31SC371855core:NetGoodwill2023-01-31SC371855core:IntangibleAssetsOtherThanGoodwill2023-01-31SC371855core:ListedExchangeTraded2023-01-31SC371855core:UnlistedNon-exchangeTraded2023-01-31SC371855core:LandBuildings2023-02-012024-01-31SC371855core:PlantMachinery2023-02-012024-01-31SC371855core:Vehicles2023-02-012024-01-31SC371855core:FurnitureFittings2023-02-012024-01-31SC371855core:OfficeEquipment2023-02-012024-01-31SC371855core:NetGoodwill2023-02-012024-01-31SC371855core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31SC371855core:ListedExchangeTraded2023-02-012024-01-31SC371855core:UnlistedNon-exchangeTraded2023-02-012024-01-31SC371855core:MoreThanFiveYears2023-02-012024-01-31SC371855core:Non-currentFinancialInstruments2024-01-31SC371855core:Non-currentFinancialInstruments2023-01-31SC371855dpl:CostSales2023-02-012024-01-31SC371855dpl:DistributionCosts2023-02-012024-01-31SC371855core:LandBuildings2023-02-012024-01-31SC371855core:PlantMachinery2023-02-012024-01-31SC371855core:Vehicles2023-02-012024-01-31SC371855core:FurnitureFittings2023-02-012024-01-31SC371855core:OfficeEquipment2023-02-012024-01-31SC371855dpl:AdministrativeExpenses2023-02-012024-01-31SC371855core:NetGoodwill2023-02-012024-01-31SC371855core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31SC371855dpl:GroupUndertakings2023-02-012024-01-31SC371855dpl:ParticipatingInterests2023-02-012024-01-31SC371855dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-31SC371855core:ListedExchangeTraded2023-02-012024-01-31SC371855dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-31SC371855core:UnlistedNon-exchangeTraded2023-02-012024-01-31SC371855dpl:CostSales2022-02-012023-01-31SC371855dpl:DistributionCosts2022-02-012023-01-31SC371855core:LandBuildings2022-02-012023-01-31SC371855core:PlantMachinery2022-02-012023-01-31SC371855core:Vehicles2022-02-012023-01-31SC371855core:FurnitureFittings2022-02-012023-01-31SC371855core:OfficeEquipment2022-02-012023-01-31SC371855dpl:AdministrativeExpenses2022-02-012023-01-31SC371855core:NetGoodwill2022-02-012023-01-31SC371855core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-31SC371855dpl:GroupUndertakings2022-02-012023-01-31SC371855dpl:ParticipatingInterests2022-02-012023-01-31SC371855dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-31SC371855core:ListedExchangeTraded2022-02-012023-01-31SC371855dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-31SC371855core:UnlistedNon-exchangeTraded2022-02-012023-01-31SC371855core:NetGoodwill2024-01-31SC371855core:IntangibleAssetsOtherThanGoodwill2024-01-31SC371855core:LandBuildings2024-01-31SC371855core:PlantMachinery2024-01-31SC371855core:Vehicles2024-01-31SC371855core:FurnitureFittings2024-01-31SC371855core:OfficeEquipment2024-01-31SC371855core:AfterOneYear2024-01-31SC371855core:WithinOneYear2024-01-31SC371855core:ListedExchangeTraded2024-01-31SC371855core:UnlistedNon-exchangeTraded2024-01-31SC371855core:ShareCapital2024-01-31SC371855core:SharePremium2024-01-31SC371855core:RevaluationReserve2024-01-31SC371855core:OtherReservesSubtotal2024-01-31SC371855core:RetainedEarningsAccumulatedLosses2024-01-31SC371855core:NetGoodwill2023-01-31SC371855core:IntangibleAssetsOtherThanGoodwill2023-01-31SC371855core:LandBuildings2023-01-31SC371855core:PlantMachinery2023-01-31SC371855core:Vehicles2023-01-31SC371855core:FurnitureFittings2023-01-31SC371855core:OfficeEquipment2023-01-31SC371855core:AfterOneYear2023-01-31SC371855core:WithinOneYear2023-01-31SC371855core:ListedEx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ANGUS & MACK LTD.

Registered Number
SC371855
(Scotland)

Unaudited Financial Statements for the Year ended
31 January 2024

ANGUS & MACK LTD.
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

MACK, Robert Malcolm

Registered Address

Unit 3b Achnagonalin Industrial Estate
Grantown-On-Spey
PH26 3TA

Registered Number

SC371855 (Scotland)
ANGUS & MACK LTD.
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3399,994386,539
399,994386,539
Current assets
Stocks4324,801264,300
Debtors567,257107,360
Cash at bank and on hand1,662452
393,720372,112
Creditors amounts falling due within one year6(459,917)(427,760)
Net current assets (liabilities)(66,197)(55,648)
Total assets less current liabilities333,797330,891
Creditors amounts falling due after one year7(225,992)(237,959)
Net assets107,80592,932
Capital and reserves
Called up share capital22
Profit and loss account107,80392,930
Shareholders' funds107,80592,932
The financial statements were approved and authorised for issue by the Director on 30 October 2024, and are signed on its behalf by:
MACK, Robert Malcolm
Director
Registered Company No. SC371855
ANGUS & MACK LTD.
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery25-
Fixtures and fittings-3
Vehicles25-
Office Equipment-5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year1110
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 February 23348,505144,72321,8485,07325,000545,149
Additions17,86321,439-1,063-40,365
At 31 January 24366,368166,16221,8486,13625,000585,514
Depreciation and impairment
At 01 February 2312,502112,01014,7034,39515,000158,610
Charge for year44813,5386,8911,0335,00026,910
At 31 January 2412,950125,54821,5945,42820,000185,520
Net book value
At 31 January 24353,41840,6142547085,000399,994
At 31 January 23336,00332,7137,14567810,000386,539
4.Stocks

2024

2023

££
Work in progress171,435117,300
Other stocks153,366147,000
Total324,801264,300
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables55,270103,831
Other debtors6,6662,939
Prepayments and accrued income5,321590
Total67,257107,360
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables24,33329,950
Bank borrowings and overdrafts92,006100,411
Taxation and social security123,31064,339
Finance lease and HP contracts3,500-
Other creditors214,518230,810
Accrued liabilities and deferred income2,2502,250
Total459,917427,760
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts225,992237,959
Total225,992237,959
8.Provisions for liabilities
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
MACK, Robert Malcolm227,0788,40025,443210,035
227,0788,40025,443210,035