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REGISTERED NUMBER: SC503251 (Scotland)















Unaudited Financial Statements For The Year Ended 31st October 2024

for

JOHN MCLELLAN & COMPANY LIMITED

JOHN MCLELLAN & COMPANY LIMITED (REGISTERED NUMBER: SC503251)






Contents of the Financial Statements
For The Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN MCLELLAN & COMPANY LIMITED

Company Information
For The Year Ended 31st October 2024







Director: Mr P T O'Neill





Registered office: Dudley Road
Fort William
Inverness-Shire
PH33 6JB





Registered number: SC503251 (Scotland)





Accountants: Goldwells
15-17 High Street
Kingussie
Inverness-Shire
PH21 1HS

JOHN MCLELLAN & COMPANY LIMITED (REGISTERED NUMBER: SC503251)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 6,000
Tangible assets 5 210,310 214,824
210,310 220,824

Current assets
Stocks 10,603 6,817
Debtors 6 28,846 25,340
Cash at bank and in hand 15,161 995
54,610 33,152
Creditors
Amounts falling due within one year 7 87,020 54,466
Net current liabilities (32,410 ) (21,314 )
Total assets less current liabilities 177,900 199,510

Creditors
Amounts falling due after more than one
year

8

(56,904

)

(200,484

)

Provisions for liabilities (8,580 ) (3,646 )
Net assets/(liabilities) 112,416 (4,620 )

Capital and reserves
Called up share capital 42,735 34,500
Share premium 109,265 47,500
Revaluation reserve 9 47,710 47,710
Retained earnings (87,294 ) (134,330 )
112,416 (4,620 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

JOHN MCLELLAN & COMPANY LIMITED (REGISTERED NUMBER: SC503251)

Balance Sheet - continued
31st October 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 director and authorised for issue on 28th November 2024 and were signed by:





Mr P T O'Neill - Director


JOHN MCLELLAN & COMPANY LIMITED (REGISTERED NUMBER: SC503251)

Notes to the Financial Statements
For The Year Ended 31st October 2024

1. Statutory information

John McLellan & Company 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 as modified by the revaluation of certain assets.

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 2016, 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.
Mortuary - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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

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.

JOHN MCLELLAN & COMPANY LIMITED (REGISTERED NUMBER: SC503251)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024

3. Employees and directors

The average number of employees during the year was 2 (2023 - 1 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st November 2023
and 31st October 2024 80,000
Amortisation
At 1st November 2023 74,000
Amortisation for year 6,000
At 31st October 2024 80,000
Net book value
At 31st October 2024 -
At 31st October 2023 6,000

5. Tangible fixed assets
Improvements
Freehold to
property Property Mortuary
£    £    £   
Cost or valuation
At 1st November 2023 145,000 25,000 17,260
Additions - - -
At 31st October 2024 145,000 25,000 17,260
Depreciation
At 1st November 2023 - - 17,260
Charge for year - - -
At 31st October 2024 - - 17,260
Net book value
At 31st October 2024 145,000 25,000 -
At 31st October 2023 145,000 25,000 -

JOHN MCLELLAN & COMPANY LIMITED (REGISTERED NUMBER: SC503251)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024

5. Tangible fixed assets - continued

Office Motor
equipment vehicles Totals
£    £    £   
Cost or valuation
At 1st November 2023 2,574 116,824 306,658
Additions - 2,600 2,600
At 31st October 2024 2,574 119,424 309,258
Depreciation
At 1st November 2023 1,527 73,047 91,834
Charge for year 157 6,957 7,114
At 31st October 2024 1,684 80,004 98,948
Net book value
At 31st October 2024 890 39,420 210,310
At 31st October 2023 1,047 43,777 214,824

Cost or valuation at 31st October 2024 is represented by:

Improvements
Freehold to
property Property Mortuary
£    £    £   
Valuation in 2018 25,000 - -
Valuation in 2023 10,000 - -
Cost 110,000 25,000 17,260
145,000 25,000 17,260

Office Motor
equipment vehicles Totals
£    £    £   
Valuation in 2018 - - 25,000
Valuation in 2023 - - 10,000
Cost 2,574 119,424 274,258
2,574 119,424 309,258

If the freehold building had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 110,000 110,000

Value of land in freehold land and buildings 110,000 110,000

The freehold building was valued on an open market basis on 14th July 2023 by Allied Surveyors .

JOHN MCLELLAN & COMPANY LIMITED (REGISTERED NUMBER: SC503251)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 28,846 25,340

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,446 10,446
Hire purchase contracts 10,224 10,224
Trade creditors 52,779 28,175
Other creditors 13,571 5,621
87,020 54,466

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 39,186 49,642
Hire purchase contracts 8,508 18,732
Other creditors 9,210 132,110
56,904 200,484

9. Reserves
Revaluation
reserve
£   
At 1st November 2023
and 31st October 2024 47,710