IRIS Accounts Production v24.3.0.553 SC062082 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0620822023-01-31SC0620822024-01-31SC0620822023-02-012024-01-31SC0620822022-01-31SC0620822022-02-012023-01-31SC0620822023-01-31SC062082ns15:Scotland2023-02-012024-01-31SC062082ns14:PoundSterling2023-02-012024-01-31SC062082ns10:Director12023-02-012024-01-31SC062082ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC062082ns10:SmallEntities2023-02-012024-01-31SC062082ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC062082ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC062082ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC062082ns10:FullAccounts2023-02-012024-01-31SC062082ns10:RegisteredOffice2023-02-012024-01-31SC062082ns5:CurrentFinancialInstruments2024-01-31SC062082ns5:CurrentFinancialInstruments2023-01-31SC062082ns5:Non-currentFinancialInstruments2024-01-31SC062082ns5:Non-currentFinancialInstruments2023-01-31SC062082ns5:ShareCapital2024-01-31SC062082ns5:ShareCapital2023-01-31SC062082ns5:RetainedEarningsAccumulatedLosses2024-01-31SC062082ns5:RetainedEarningsAccumulatedLosses2023-01-31SC062082ns5:PlantMachinery2023-01-31SC062082ns5:PlantMachinery2023-02-012024-01-31SC062082ns5:PlantMachinery2024-01-31SC062082ns5:PlantMachinery2023-01-31SC062082ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-31SC062082ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: SC062082 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

RICHARD MACKAY & SONS (DURNESS) LIMITED

RICHARD MACKAY & SONS (DURNESS) LIMITED (REGISTERED NUMBER: SC062082)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARD MACKAY & SONS (DURNESS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: R A Mackay





REGISTERED OFFICE: Durine
Durness
Lairg
Sutherland
IV27 4PN





REGISTERED NUMBER: SC062082 (Scotland)





ACCOUNTANTS: Goldwells Ltd
10 Knockbreck Street
Tain
Ross-Shire
IV19 1BJ

RICHARD MACKAY & SONS (DURNESS) LIMITED (REGISTERED NUMBER: SC062082)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,462 129,274

CURRENT ASSETS
Stocks 30,729 33,317
Debtors 5 205,822 176,168
Cash at bank 251,723 103,196
488,274 312,681
CREDITORS
Amounts falling due within one year 6 210,488 148,218
NET CURRENT ASSETS 277,786 164,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,248

293,737

CREDITORS
Amounts falling due after more than one
year

7

(21,560

)

-

PROVISIONS FOR LIABILITIES (32,340 ) -
NET ASSETS 357,348 293,737

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 347,348 283,737
357,348 293,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

RICHARD MACKAY & SONS (DURNESS) LIMITED (REGISTERED NUMBER: SC062082)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th October 2024 and were signed by:





R A Mackay - Director


RICHARD MACKAY & SONS (DURNESS) LIMITED (REGISTERED NUMBER: SC062082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Richard Mackay & Sons (Durness) 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

RICHARD MACKAY & SONS (DURNESS) LIMITED (REGISTERED NUMBER: SC062082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 304,309
Additions 17,422
At 31st January 2024 321,731
DEPRECIATION
At 1st February 2023 175,035
Charge for year 13,234
At 31st January 2024 188,269
NET BOOK VALUE
At 31st January 2024 133,462
At 31st January 2023 129,274

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,526 4,243
Other debtors 186,296 171,925
205,822 176,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,379 44,175
Taxation and social security 59,307 25,728
Other creditors 113,802 78,315
210,488 148,218

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 21,560 -