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REGISTERED NUMBER: SC282299 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

McAnerney Limited

McAnerney Limited (Registered number: SC282299)






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


McAnerney Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E R McAnerney
Mrs A M McAnerney





SECRETARY: E R McAnerney





REGISTERED OFFICE: 182 Dunlop Street
Greenock
PA16 9DP





REGISTERED NUMBER: SC282299 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

McAnerney Limited (Registered number: SC282299)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 207,762 132,717
207,762 132,717

CURRENT ASSETS
Stocks 40,299 36,768
Debtors 6 88,802 131,652
Prepayments and accrued income 9,000 3,989
Cash at bank and in hand 108,379 69,686
246,480 242,095
CREDITORS
Amounts falling due within one year 7 294,249 211,281
NET CURRENT (LIABILITIES)/ASSETS (47,769 ) 30,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,993

163,531

CREDITORS
Amounts falling due after more than one year 8 20,638 6,992
NET ASSETS 139,355 156,539

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 138,355 155,539
139,355 156,539

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.

McAnerney Limited (Registered number: SC282299)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





E R McAnerney - Director


McAnerney Limited (Registered number: SC282299)

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

1. STATUTORY INFORMATION

McAnerney 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% 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.

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.

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

McAnerney Limited (Registered number: SC282299)

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

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 708,000
AMORTISATION
At 1 April 2023
and 31 March 2024 708,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 142,145 159,554 301,699
Additions - 108,908 108,908
At 31 March 2024 142,145 268,462 410,607
DEPRECIATION
At 1 April 2023 26,769 142,213 168,982
Charge for year 2,714 31,149 33,863
At 31 March 2024 29,483 173,362 202,845
NET BOOK VALUE
At 31 March 2024 112,662 95,100 207,762
At 31 March 2023 115,376 17,341 132,717

McAnerney Limited (Registered number: SC282299)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 800
Other debtors 88,802 130,852
88,802 131,652

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,152 -
Hire purchase contracts 12,662 2,797
Trade creditors 157,079 128,908
Taxation and social security 30,789 68,324
Other creditors 48,567 11,252
294,249 211,281

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 20,638 6,992