Donald Macleod Limited SC585821 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true SC585821 2023-02-01 2024-01-31 SC585821 2024-01-31 SC585821 core:CurrentFinancialInstruments 2024-01-31 SC585821 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 SC585821 core:Non-currentFinancialInstruments 2024-01-31 SC585821 bus:SmallEntities 2023-02-01 2024-01-31 SC585821 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC585821 bus:FullAccounts 2023-02-01 2024-01-31 SC585821 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC585821 bus:RegisteredOffice 2023-02-01 2024-01-31 SC585821 bus:Director1 2023-02-01 2024-01-31 SC585821 bus:Director2 2023-02-01 2024-01-31 SC585821 bus:Director3 2023-02-01 2024-01-31 SC585821 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC585821 countries:Scotland 2023-02-01 2024-01-31 SC585821 2022-02-01 2023-01-31 SC585821 2023-01-31 SC585821 core:CurrentFinancialInstruments 2023-01-31 SC585821 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 SC585821 core:Non-currentFinancialInstruments 2023-01-31 iso4217:GBP xbrli:pure

Registration number: SC585821

Donald Macleod Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Donald Macleod Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Donald Macleod Limited

Company Information

Directors

Mr Donald Macleod

Mr Euan Macleod

Mrs Gaynor Macleod

Registered office

3 Ladeside
Gallowhill Road
Kinross
KY13 0RD

Accountants

Ross McConnell
Chartered Accountant
3 High Street
Kinross
KY13 8AW

 

Donald Macleod Limited

(Registration number: SC585821)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed Assets

 

Debtors

4

100,000

-

Current assets

 

Debtors

4

-

25,037

Cash at bank and in hand

 

20,220

50,940

 

20,220

75,977

Creditors: Amounts falling due within one year

5

(65,960)

(5,921)

Net current (liabilities)/assets

 

(45,740)

70,056

Net assets

 

54,260

70,056

Capital and reserves

 

Called up share capital

150

150

Retained earnings

54,110

69,906

Shareholders' funds

 

54,260

70,056

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 October 2024 and signed on its behalf by:
 

.........................................
Mr Donald Macleod
Director

 

Donald Macleod Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
3 Ladeside
Gallowhill Road
Kinross
KY13 0RD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Donald Macleod Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Debtors

Current

2024
£

2023
£

Trade debtors

-

25,037

Non-current

2024
£

2023
£

Other debtors

100,000

-

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other borrowings

60,595

595

Accruals and deferred income

 

1,000

1,000

Other creditors

 

4,365

4,326

 

65,960

5,921