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REGISTERED NUMBER: SC246984 (Scotland)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

McLaren Books Limited

McLaren Books Limited (Registered number: SC246984)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


McLaren Books Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Newlands





SECRETARY: Mrs C Newlands





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP





REGISTERED NUMBER: SC246984 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

McLaren Books Limited (Registered number: SC246984)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 30,000
Tangible assets 5 194 328
30,194 30,328

CURRENT ASSETS
Stocks 25,000 19,000
Debtors 6 118 114
Cash at bank 6,728 14,314
31,846 33,428
CREDITORS
Amounts falling due within one year 7 37,444 38,130
NET CURRENT LIABILITIES (5,598 ) (4,702 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,596

25,626

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,594 25,624
SHAREHOLDERS' FUNDS 24,596 25,626

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

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

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 14 October 2024 and were signed by:




G Newlands - Director


McLaren Books Limited (Registered number: SC246984)

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

1. STATUTORY INFORMATION

McLaren Books 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.

Goodwill
Acquired Goodwill is not written off.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.


Plant and Machinery - 25% on reducing balance
Fixtures and Fittings - 25% on reducing balance
Computer Equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 30,000
At 31 March 2023 30,000

McLaren Books Limited (Registered number: SC246984)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 253 3,166 934 4,353
DEPRECIATION
At 1 April 2023 173 2,991 861 4,025
Charge for year 20 43 71 134
At 31 March 2024 193 3,034 932 4,159
NET BOOK VALUE
At 31 March 2024 60 132 2 194
At 31 March 2023 80 175 73 328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 118 114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 78 764
Other creditors 37,366 37,366
37,444 38,130

8. CONTINGENT LIABILITIES

As at 31 March 2024, the company had no contingent liabilities. (2023 - £nil)

9. CAPITAL COMMITMENTS

As at 31 March 2024, the company had no capital commitments. (2023 - £nil)

10. RELATED PARTY DISCLOSURES

As at 31 March 2024, included within creditors is a balance due to Mr G Newlands, director amounting to £35,578 (2023 - £35,710) This balance has no fixed repayment date and no interest is charged thereon.