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MCCULLOCH RISK MANAGEMENT LIMITED

Registered Number
SC374713
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

MCCULLOCH RISK MANAGEMENT LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Gordon Arthur Hill

Registered Address

28 Southerton Crescent
Kirkcaldy
KY2 5ND

Registered Number

SC374713 (Scotland)
MCCULLOCH RISK MANAGEMENT LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,9311,089
1,9311,089
Current assets
Debtors420,87825,614
Cash at bank and on hand10,19911,185
31,07736,799
Creditors amounts falling due within one year5(26,343)(25,587)
Net current assets (liabilities)4,73411,212
Total assets less current liabilities6,66512,301
Creditors amounts falling due after one year6(6,183)(11,484)
Provisions for liabilities(367)(207)
Net assets115610
Capital and reserves
Called up share capital100100
Profit and loss account15510
Shareholders' funds115610
The financial statements were approved and authorised for issue by the Director on 22 November 2024, and are signed on its behalf by:
Gordon Arthur Hill
Director
Registered Company No. SC374713
MCCULLOCH RISK MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year34
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 April 231,8291,6883,517
Additions1,2742861,560
At 31 March 243,1031,9745,077
Depreciation and impairment
At 01 April 231,7197092,428
Charge for year113605718
At 31 March 241,8321,3143,146
Net book value
At 31 March 241,2716601,931
At 31 March 231109791,089
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables20,64025,382
Prepayments and accrued income238232
Total20,87825,614
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,0732,146
Bank borrowings and overdrafts5,3005,300
Taxation and social security6,4607,654
Other creditors11,6909,503
Accrued liabilities and deferred income820984
Total26,34325,587
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts6,18311,484
Total6,18311,484