Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31No description of principal activityfalse2023-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true11truefalse SC699700 2023-06-01 2024-05-31 SC699700 2022-06-01 2023-05-31 SC699700 2024-05-31 SC699700 2023-05-31 SC699700 c:Director1 2023-06-01 2024-05-31 SC699700 c:RegisteredOffice 2023-06-01 2024-05-31 SC699700 d:Buildings 2023-06-01 2024-05-31 SC699700 d:Buildings 2024-05-31 SC699700 d:Buildings 2023-05-31 SC699700 d:CurrentFinancialInstruments 2024-05-31 SC699700 d:CurrentFinancialInstruments 2023-05-31 SC699700 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC699700 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC699700 d:ShareCapital 2024-05-31 SC699700 d:ShareCapital 2023-05-31 SC699700 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC699700 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC699700 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC699700 c:OrdinaryShareClass1 2024-05-31 SC699700 c:OrdinaryShareClass1 2023-05-31 SC699700 c:OrdinaryShareClass2 2023-06-01 2024-05-31 SC699700 c:OrdinaryShareClass2 2024-05-31 SC699700 c:OrdinaryShareClass2 2023-05-31 SC699700 c:FRS102 2023-06-01 2024-05-31 SC699700 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC699700 c:FullAccounts 2023-06-01 2024-05-31 SC699700 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC699700 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC699700










MCINNES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
MCINNES LIMITED
 

COMPANY INFORMATION


Director
Mrs M McInnes 




Registered number
SC699700



Registered office
9 Crawfurd Road

Edinburgh

EH16 5PQ




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
MCINNES LIMITED
REGISTERED NUMBER: SC699700

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
262,100
262,100

  
262,100
262,100

Current assets
  

Bank and cash balances
  
129
-

  
129
-

Creditors: amounts falling due within one year
 5 
(246,618)
(250,435)

Net current liabilities
  
 
 
(246,489)
 
 
(250,435)

Total assets less current liabilities
  
15,611
11,665

  

Net assets
  
15,611
11,665


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
15,511
11,565

  
15,611
11,665


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 October 2024.




Mrs M McInnes
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MCINNES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

McInnes Limited is limited by shares and incorporated in Scotland with registration number SC699700. The address of the registered office is 9 Crawfurd Road, Edinburgh, Scotland, EH16 5PQ.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 
MCINNES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Land and buildings
-
0%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

 
MCINNES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Land and buildings

£



Cost or valuation


At 1 June 2023
262,100



At 31 May 2024

262,100






Net book value



At 31 May 2024
262,100



At 31 May 2023
262,100


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
240
-

Other taxation and social security
925
1,316

Other creditors
243,553
247,319

Accruals and deferred income
1,900
1,800

246,618
250,435



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary A shares of £1.00 each
50
50
50 (2023 - 50) Ordinary B shares of £1.00 each
50
50

100

100



Page 4