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REGISTERED NUMBER: SC055316 (Scotland)















ANGUS MACIVER LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






ANGUS MACIVER LIMITED (REGISTERED NUMBER: SC055316)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANGUS MACIVER LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr John Alexander Maciver
Mr Norman Maciver
Mrs Isabella Maciver





SECRETARY: Mr John Alexander Maciver





REGISTERED OFFICE: 18 Bells Road
Stornoway
Isle of Lewis
HS1 2RA





REGISTERED NUMBER: SC055316 (Scotland)





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

ANGUS MACIVER LIMITED (REGISTERED NUMBER: SC055316)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,573,316 1,660,811
Investments 6 55,936 55,936
1,629,252 1,716,747

CURRENT ASSETS
Stocks 245,450 195,300
Debtors 7 279,068 265,818
Cash at bank and in hand 232,097 352,319
756,615 813,437
CREDITORS
Amounts falling due within one year 8 453,561 417,539
NET CURRENT ASSETS 303,054 395,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,932,306

2,112,645

CREDITORS
Amounts falling due after more than one year 9 (20,847 ) (81,658 )

PROVISIONS FOR LIABILITIES (149,041 ) (137,286 )
NET ASSETS 1,762,418 1,893,701

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 10 261,349 261,349
Retained earnings 1,451,069 1,582,352
SHAREHOLDERS' FUNDS 1,762,418 1,893,701

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 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.

ANGUS MACIVER LIMITED (REGISTERED NUMBER: SC055316)

BALANCE SHEET - continued
31 March 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 24 September 2024 and were signed on its behalf by:





Mr John Alexander Maciver - Director


ANGUS MACIVER LIMITED (REGISTERED NUMBER: SC055316)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Angus Maciver 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 are rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The estimated useful life of fixed assets and their residual value is the only area of significant judgements and estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents income receivable from the sale of building materials, gas and household products and from training, skip hire and hire agency fees in the period, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10% depreciation on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% depreciation on reducing balance
Computer equipment - 25% depreciation on reducing balance

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

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 17 ) .

ANGUS MACIVER LIMITED (REGISTERED NUMBER: SC055316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 1,154,741 103,682 1,016,739
Additions 35,000 - 13,851
At 31 March 2024 1,189,741 103,682 1,030,590
DEPRECIATION
At 1 April 2023 276,533 45,997 419,332
Charge for year - 10,368 106,166
At 31 March 2024 276,533 56,365 525,498
NET BOOK VALUE
At 31 March 2024 913,208 47,317 505,092
At 31 March 2023 878,208 57,685 597,407

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 46,590 281,072 2,686 2,605,510
Additions 12,315 - - 61,166
At 31 March 2024 58,905 281,072 2,686 2,666,676
DEPRECIATION
At 1 April 2023 33,065 169,436 336 944,699
Charge for year 3,631 27,909 587 148,661
At 31 March 2024 36,696 197,345 923 1,093,360
NET BOOK VALUE
At 31 March 2024 22,209 83,727 1,763 1,573,316
At 31 March 2023 13,525 111,636 2,350 1,660,811

Included in cost of land and buildings is freehold land of £ 25,000 (2023 - £ 25,000 ) which is not depreciated.

ANGUS MACIVER LIMITED (REGISTERED NUMBER: SC055316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 55,936
NET BOOK VALUE
At 31 March 2024 55,936
At 31 March 2023 55,936

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 276,299 248,378
Other debtors 1,969 1,969
Employee loan 800 13,498
VAT - 1,973
279,068 265,818

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 12
Hire purchase contracts 60,811 66,200
Trade creditors 248,935 274,986
Social security and other taxes 6,314 6,047
Pension Control 857 834
VAT 12,129 -
Other creditors 61,947 28,277
Director's current account 47,568 26,183
Accruals 15,000 15,000
453,561 417,539

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 20,847 81,658

ANGUS MACIVER LIMITED (REGISTERED NUMBER: SC055316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 261,349

11. RELATED PARTY DISCLOSURES

Creditors include loans from directors of £47,568 (2023: £28,183). There are no defined repayment terms and no interest is being charged.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.