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REGISTERED NUMBER: SC247166 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Murdoch MacKinnon (Contractor) Ltd

Murdoch MacKinnon (Contractor) Ltd (Registered number: SC247166)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Murdoch MacKinnon (Contractor) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr Murdoch MacKinnon





SECRETARY: Mrs Eileen O'Carroll





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC247166 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Murdoch MacKinnon (Contractor) Ltd (Registered number: SC247166)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,977 3,904
2,977 3,904

CURRENT ASSETS
Stock 6,650 6,650
Debtors 6 875 888
Cash at bank 557 1,739
8,082 9,277
CREDITORS
Amounts falling due within one year 7 20,142 14,981
NET CURRENT LIABILITIES (12,060 ) (5,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,083

)

(1,800

)

PROVISIONS FOR LIABILITIES 8 566 742
NET LIABILITIES (9,649 ) (2,542 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (9,749 ) (2,642 )
SHAREHOLDERS' FUNDS (9,649 ) (2,542 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Murdoch MacKinnon (Contractor) Ltd (Registered number: SC247166)

Balance Sheet - continued
30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mr Murdoch MacKinnon - Director


Murdoch MacKinnon (Contractor) Ltd (Registered number: SC247166)

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

1. STATUTORY INFORMATION

Murdoch MacKinnon (Contractor) Ltd 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 (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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 equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


Murdoch MacKinnon (Contractor) Ltd (Registered number: SC247166)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 30,000
AMORTISATION
At 1 May 2023
and 30 April 2024 30,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Murdoch MacKinnon (Contractor) Ltd (Registered number: SC247166)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 5,079 12,256 723 18,058
DEPRECIATION
At 1 May 2023 4,083 9,348 723 14,154
Charge for year 200 727 - 927
At 30 April 2024 4,283 10,075 723 15,081
NET BOOK VALUE
At 30 April 2024 796 2,181 - 2,977
At 30 April 2023 996 2,908 - 3,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 875 -
Other debtors - 888
875 888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 50 25
Other creditors 20,092 14,956
20,142 14,981

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 566 742

Deferred
tax
£   
Balance at 1 May 2023 742
Provided during year (176 )
Balance at 30 April 2024 566

Murdoch MacKinnon (Contractor) Ltd (Registered number: SC247166)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The company is 100% controlled by Mr and Mrs Murdoch MacKinnon.