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REGISTERED NUMBER: SC613767 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MCVICAR CONTRACTORS LIMITED

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCVICAR CONTRACTORS LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2023







DIRECTORS: D McVicar
Mrs N D Mcvicar





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC613767 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 313,967 354,703

CURRENT ASSETS
Stocks 36,661 43,502
Debtors 5 - 1,848
Cash at bank 28,432 26,811
65,093 72,161
CREDITORS
Amounts falling due within one year 6 182,134 157,491
NET CURRENT LIABILITIES (117,041 ) (85,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,926

269,373

CREDITORS
Amounts falling due after more than one year 7 (145,396 ) (197,849 )

PROVISIONS FOR LIABILITIES (7,931 ) (6,345 )
NET ASSETS 43,599 65,179

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,499 65,079
SHAREHOLDERS' FUNDS 43,599 65,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

BALANCE SHEET - continued
30 November 2023


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 27 November 2024 and were signed on its behalf by:





D McVicar - Director


MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

McVicar Contractors 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.

The company is being supported by the Directors.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Sheep Dogs - not provided

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Sheep
machinery fittings vehicles Dogs Totals
£    £    £    £    £   
COST
At 1 December 2022 427,217 1,623 77,380 8,925 515,145
Additions 99,850 - 16,650 - 116,500
Disposals (123,375 ) - (11,061 ) - (134,436 )
At 30 November 2023 403,692 1,623 82,969 8,925 497,209
DEPRECIATION
At 1 December 2022 147,808 712 11,922 - 160,442
Charge for year 61,547 137 19,360 - 81,044
Eliminated on disposal (51,849 ) - (6,395 ) - (58,244 )
At 30 November 2023 157,506 849 24,887 - 183,242
NET BOOK VALUE
At 30 November 2023 246,186 774 58,082 8,925 313,967
At 30 November 2022 279,409 911 65,458 8,925 354,703

MCVICAR CONTRACTORS LIMITED (REGISTERED NUMBER: SC613767)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 355,542 66,319 421,861
Additions 92,500 16,650 109,150
Disposals (120,000 ) - (120,000 )
Transfer to ownership (5,000 ) - (5,000 )
At 30 November 2023 323,042 82,969 406,011
DEPRECIATION
At 1 December 2022 117,613 5,527 123,140
Charge for year 51,418 19,360 70,778
Eliminated on disposal (49,856 ) - (49,856 )
Transfer to ownership (1,800 ) - (1,800 )
At 30 November 2023 117,375 24,887 142,262
NET BOOK VALUE
At 30 November 2023 205,667 58,082 263,749
At 30 November 2022 237,929 60,792 298,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 76,268 85,589
Taxation and social security 32,505 12,655
Other creditors 63,361 49,247
182,134 157,491

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 130,396 172,849
145,396 197,849