1 March 2023 false No description of principal activity Taxfiler 2024.6 SC587793business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC5877932023-02-28 SC5877932023-03-012024-02-29 SC587793business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 SC587793business:FilletedAccounts2023-03-012024-02-29 SC5877932024-02-29 SC587793business:Director12023-03-012024-02-29 SC587793business:RegisteredOffice2023-03-012024-02-29 SC5877932023-02-28 SC587793core:WithinOneYear2024-02-29 SC587793core:WithinOneYear2023-02-28 SC587793core:AfterOneYear2024-02-29 SC587793core:AfterOneYear2023-02-28 SC587793core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC587793core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC587793core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC587793core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC587793core:PreviouslyStatedAmount2024-02-29 SC587793core:PreviouslyStatedAmount2023-02-28 SC587793business:SmallEntities2023-03-012024-02-29 SC587793countries:Scotland2023-03-012024-02-29 SC587793core:ComputerEquipment2023-03-012024-02-29 SC587793core:IntangibleAssetsOtherThanGoodwill2023-02-28 SC587793core:IntangibleAssetsOtherThanGoodwill2024-02-29 SC587793core:ComputerEquipment2023-02-28 SC587793core:ComputerEquipment2024-02-29 SC5877932022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC587793 (Scotland)
McKinnon & Co Ltd Unaudited accounts for the year ended 29 February 2024
McKinnon & Co Ltd Unaudited accounts Contents
Page
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McKinnon & Co Ltd Company Information for the year ended 29 February 2024
Director
Michelle McKinnon
Company Number
SC587793 (Scotland)
Registered Office
33 NEWMARKET STREET AYR KA7 1LP SCOTLAND
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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McKinnon & Co Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
150,000 
150,000 
Tangible assets
17,738 
1,259 
167,738 
151,259 
Current assets
Debtors
54,320 
102,205 
Cash at bank and in hand
73,358 
- 
127,678 
102,205 
Creditors: amounts falling due within one year
(143,209)
(129,933)
Net current liabilities
(15,531)
(27,728)
Total assets less current liabilities
152,207 
123,531 
Creditors: amounts falling due after more than one year
(145,068)
(145,068)
Net assets/(liabilities)
7,139 
(21,537)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,039 
(21,637)
Shareholders' funds
7,139 
(21,537)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
Michelle McKinnon Director Company Registration No. SC587793
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McKinnon & Co Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
McKinnon & Co Ltd is a private company, limited by shares, registered in Scotland, registration number SC587793. The registered office is 33 NEWMARKET STREET, AYR, KA7 1LP, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
150,000 
At 29 February 2024
150,000 
Amortisation
At 1 March 2023
- 
At 29 February 2024
- 
Net book value
At 29 February 2024
150,000 
At 28 February 2023
150,000 
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McKinnon & Co Ltd Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
4,516 
Additions
16,734 
At 29 February 2024
21,250 
Depreciation
At 1 March 2023
3,257 
Charge for the year
255 
At 29 February 2024
3,512 
Net book value
At 29 February 2024
17,738 
At 28 February 2023
1,259 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
54,320 
74,600 
Other debtors
- 
27,605 
54,320 
102,205 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
32,085 
54,804 
VAT
3,014 
25,629 
Trade creditors
40,708 
- 
Taxes and social security
2,861 
- 
Loans from directors
64,541 
49,500 
143,209 
129,933 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
145,068 
145,068 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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