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REGISTERED NUMBER: SC214626 (Scotland)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

MACLEAY MOTOR ENGINEERING LIMITED

MACLEAY MOTOR ENGINEERING LIMITED (REGISTERED NUMBER: SC214626)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACLEAY MOTOR ENGINEERING LIMITED

Company Information
for the Year Ended 30th April 2024







DIRECTORS: C Macleay
Mrs P Macleay



SECRETARY: C Macleay



REGISTERED OFFICE: West Hillhead
Farm Road
Kilmarnock
KA3 1PH



REGISTERED NUMBER: SC214626 (Scotland)



ACCOUNTANTS: Pecuniae Limited
10 Abercorn Drive
Hamilton
ML3 7EX



BANKERS: The Royal Bank of Scotland
96 John Finnie Street
Kilmarnock
KA1 1NY

MACLEAY MOTOR ENGINEERING LIMITED (REGISTERED NUMBER: SC214626)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 292,948 202,465

CURRENT ASSETS
Stocks 32,528 37,228
Debtors 5 246,716 289,203
Cash at bank 1,341,114 1,205,398
1,620,358 1,531,829
CREDITORS
Amounts falling due within one year 6 302,620 325,937
NET CURRENT ASSETS 1,317,738 1,205,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,610,686

1,408,357

PROVISIONS FOR LIABILITIES 65,399 42,278
NET ASSETS 1,545,287 1,366,079

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,545,187 1,365,979
SHAREHOLDERS' FUNDS 1,545,287 1,366,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

MACLEAY MOTOR ENGINEERING LIMITED (REGISTERED NUMBER: SC214626)

Balance Sheet - continued
30th April 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 12th September 2024 and were signed on its behalf by:





Mrs P Macleay - Director


MACLEAY MOTOR ENGINEERING LIMITED (REGISTERED NUMBER: SC214626)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Macleay Motor Engineering 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.

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 - 20% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 8 (2023 - 8 ) .

MACLEAY MOTOR ENGINEERING LIMITED (REGISTERED NUMBER: SC214626)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 871,036
Additions 159,436
Disposals (189,589 )
At 30th April 2024 840,883
DEPRECIATION
At 1st May 2023 668,571
Charge for year 62,776
Eliminated on disposal (183,412 )
At 30th April 2024 547,935
NET BOOK VALUE
At 30th April 2024 292,948
At 30th April 2023 202,465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 225,759 269,625
Other debtors 20,957 19,578
246,716 289,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 168,238 148,857
Taxation and social security 99,600 152,488
Other creditors 34,782 24,592
302,620 325,937