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REGISTERED NUMBER: 03336635 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MCALPINE PROJECTS LIMITED

MCALPINE PROJECTS LIMITED (REGISTERED NUMBER: 03336635)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCALPINE PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr K K McAlpine





SECRETARY: Mrs M C McAlpine





REGISTERED OFFICE: Maybank
Durley Hall Lane
Durley
Southampton
Hampshire
SO32 2AN





REGISTERED NUMBER: 03336635 (England and Wales)






MCALPINE PROJECTS LIMITED (REGISTERED NUMBER: 03336635)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 272,530 100,298

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 47,377 39,570
Cash at bank 98,370 150,190
147,247 191,260
CREDITORS
Amounts falling due within one year 7 95,249 115,420
NET CURRENT ASSETS 51,998 75,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,528

176,138

CREDITORS
Amounts falling due after more than one
year

8

(63,063

)

(23,875

)

PROVISIONS FOR LIABILITIES (74,123 ) (24,768 )
NET ASSETS 187,342 127,495

CAPITAL AND RESERVES
Called up share capital 10 3 3
Capital redemption reserve 2 2
Retained earnings 187,337 127,490
SHAREHOLDERS' FUNDS 187,342 127,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 15 November 2024 and were signed by:



Mr K K McAlpine - Director


MCALPINE PROJECTS LIMITED (REGISTERED NUMBER: 03336635)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

McAlpine Projects Limited is a private company, limited by shares , registered in England and Wales. 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% to 25% on reducing balance
Motor vehicles - 15% on reducing balance
Equipment - 25% on reducing balance

All fixed assets are initially recorded at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MCALPINE PROJECTS LIMITED (REGISTERED NUMBER: 03336635)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. ACCOUNTING POLICIES - continued

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 March 2023 312,162 27,846 3,928 343,936
Additions 259,278 - - 259,278
Disposals (155,511 ) - - (155,511 )
At 29 February 2024 415,929 27,846 3,928 447,703
DEPRECIATION
At 1 March 2023 234,071 7,362 2,205 243,638
Charge for year 49,371 5,121 431 54,923
Eliminated on disposal (123,388 ) - - (123,388 )
At 29 February 2024 160,054 12,483 2,636 175,173
NET BOOK VALUE
At 29 February 2024 255,875 15,363 1,292 272,530
At 28 February 2023 78,091 20,484 1,723 100,298

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 26,124
Other debtors 47,377 13,446
47,377 39,570

Included in other debtors is £45,575 (2023: £14,399) in relation to prepayments and accrued income.

MCALPINE PROJECTS LIMITED (REGISTERED NUMBER: 03336635)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 49,768 11,683
Trade creditors 14,270 18,594
Amounts owed to participating interests 4,759 8,106
Taxation and social security 12,430 38,737
Other creditors 10,022 34,300
95,249 115,420

Included in other creditors is £8,916 (2023: £8,416) in relation to accruals and deferred income.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,000 12,000
Hire purchase contracts 55,063 11,875
63,063 23,875

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 12,000 16,000
Hire purchase contracts 104,831 23,558
116,831 39,558

The hire purchase liabilities are secured over the assets to which they relate.

The bank loans are secured by the Government (being part of the Coronavirus Bounce Back Loan Scheme).

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
3 3

MCALPINE PROJECTS LIMITED (REGISTERED NUMBER: 03336635)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr K K McAlpine
Balance outstanding at start of year (25,884 ) (18,981 )
Amounts advanced 101,254 66,097
Amounts repaid (75,000 ) (73,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 370 (25,884 )