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REGISTERED NUMBER: SC100574 (Scotland)















MACLEAN'S BAKERY (BENBECULA) LIMITED

Financial Statements for the Year Ended 31 January 2024






MACLEAN'S BAKERY (BENBECULA) LIMITED (REGISTERED NUMBER: SC100574)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACLEAN'S BAKERY (BENBECULA) LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A Maclean
J L Maclean





SECRETARY: A Maclean





REGISTERED OFFICE: Uachdar
Isle of Benbecula
Western Isles
HS7 5LY





REGISTERED NUMBER: SC100574 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

MACLEAN'S BAKERY (BENBECULA) LIMITED (REGISTERED NUMBER: SC100574)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,931 532,270

CURRENT ASSETS
Stocks 5 81,717 74,500
Debtors 6 232,067 290,438
Cash at bank and in hand 382,034 83,620
695,818 448,558
CREDITORS
Amounts falling due within one year 7 241,712 333,176
NET CURRENT ASSETS 454,106 115,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

632,037

647,652

CREDITORS
Amounts falling due after more than one
year

8

(146,749

)

(167,682

)

ACCRUALS AND DEFERRED INCOME (183,259 ) (309,627 )
NET ASSETS 302,029 170,343

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Other reserves 10,500 10,500
Retained earnings 281,529 149,843
SHAREHOLDERS' FUNDS 302,029 170,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MACLEAN'S BAKERY (BENBECULA) LIMITED (REGISTERED NUMBER: SC100574)

Balance Sheet - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




A Maclean - Director



J L Maclean - Director


MACLEAN'S BAKERY (BENBECULA) LIMITED (REGISTERED NUMBER: SC100574)

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

1. STATUTORY INFORMATION

Maclean's Bakery (Benbecula) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The accounts have been rounded to the nearest £1.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% depreciation on cost
Plant and machinery - 20% depreciation on cost
Motor vehicles - 25% depreciation on cost
Computer equipment - 10% depreciation on cost

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 17 (2023 - 17 ) .

MACLEAN'S BAKERY (BENBECULA) LIMITED (REGISTERED NUMBER: SC100574)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 544,140 507,001 89,740 21,787 1,162,668
Additions - 5,041 119,075 - 124,116
Disposals (544,140 ) - - - (544,140 )
At 31 January 2024 - 512,042 208,815 21,787 742,644
DEPRECIATION
At 1 February 2023 108,750 431,961 67,900 21,787 630,398
Charge for year - 17,998 25,067 - 43,065
Eliminated on disposal (108,750 ) - - - (108,750 )
At 31 January 2024 - 449,959 92,967 21,787 564,713
NET BOOK VALUE
At 31 January 2024 - 62,083 115,848 - 177,931
At 31 January 2023 435,390 75,040 21,840 - 532,270

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 70,323
DEPRECIATION
At 1 February 2023 4,596
Charge for year 14,041
At 31 January 2024 18,637
NET BOOK VALUE
At 31 January 2024 51,686
At 31 January 2023 65,727

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 81,717 74,500

MACLEAN'S BAKERY (BENBECULA) LIMITED (REGISTERED NUMBER: SC100574)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 107,275 95,184
Other debtors 8,000 2,572
VAT 13,693 2,583
Prepayments and accrued income 103,099 190,099
232,067 290,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other Loan - 6,459
Hire purchase contracts 17,972 17,972
Trade creditors 60,172 106,876
Amounts owed to group undertakings 135,452 174,998
Social security and other taxes 7,423 6,343
Wages control - (275 )
Pension liability 1,426 1,536
Wages arrestment 450 450
Accrued expenses 18,817 18,817
241,712 333,176

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bounce back loan 25,000 35,000
Hire purchase contracts 22,099 40,071
Directors' loan accounts 99,650 92,611
146,749 167,682

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £