IRIS Accounts Production v24.3.0.553 SC375788 director 1.4.23 31.3.24 31.3.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3757882023-03-31SC3757882024-03-31SC3757882023-04-012024-03-31SC3757882022-03-31SC3757882022-04-012023-03-31SC3757882023-03-31SC375788ns15:Scotland2023-04-012024-03-31SC375788ns14:PoundSterling2023-04-012024-03-31SC375788ns10:Director12023-04-012024-03-31SC375788ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC375788ns10:SmallEntities2023-04-012024-03-31SC375788ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC375788ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC375788ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC375788ns10:FullAccounts2023-04-012024-03-31SC37578812023-04-012024-03-31SC375788ns10:RegisteredOffice2023-04-012024-03-31SC375788ns5:CurrentFinancialInstruments2024-03-31SC375788ns5:CurrentFinancialInstruments2023-03-31SC375788ns5:Non-currentFinancialInstruments2024-03-31SC375788ns5:Non-currentFinancialInstruments2023-03-31SC375788ns5:ShareCapital2024-03-31SC375788ns5:ShareCapital2023-03-31SC375788ns5:RetainedEarningsAccumulatedLosses2024-03-31SC375788ns5:RetainedEarningsAccumulatedLosses2023-03-31SC375788ns5:NetGoodwill2023-04-012024-03-31SC375788ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC375788ns5:PlantMachinery2023-04-012024-03-31SC375788ns5:NetGoodwill2023-03-31SC375788ns5:NetGoodwill2024-03-31SC375788ns5:NetGoodwill2023-03-31SC375788ns5:LandBuildings2023-03-31SC375788ns5:PlantMachinery2023-03-31SC375788ns5:LandBuildings2023-04-012024-03-31SC375788ns5:LandBuildings2024-03-31SC375788ns5:PlantMachinery2024-03-31SC375788ns5:LandBuildings2023-03-31SC375788ns5:PlantMachinery2023-03-31SC375788ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31SC375788ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC375788ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-31SC375788ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31SC375788ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC375788ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC375788 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MacLennan Distribution Ltd

MacLennan Distribution Ltd (Registered number: SC375788)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MacLennan Distribution Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S MacLennan





REGISTERED OFFICE: 15b Crannog Lane
Oban
ARGYLL
PA34 4HB





REGISTERED NUMBER: SC375788 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

MacLennan Distribution Ltd (Registered number: SC375788)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 74,400 83,700
Tangible assets 5 452,089 406,211
Investment property 6 50,000 50,000
576,489 539,911

CURRENT ASSETS
Stocks 23,912 25,209
Debtors 7 543,709 506,743
Cash at bank and in hand 839 813
568,460 532,765
CREDITORS
Amounts falling due within one year 8 548,139 395,418
NET CURRENT ASSETS 20,321 137,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,810

677,258

CREDITORS
Amounts falling due after more than one
year

9

411,558

473,632
NET ASSETS 185,252 203,626

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 184,252 202,626
SHAREHOLDERS' FUNDS 185,252 203,626

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

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

MacLennan Distribution Ltd (Registered number: SC375788)

Balance Sheet - continued
31 March 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 23 December 2024 and were signed by:





S MacLennan - Director


MacLennan Distribution Ltd (Registered number: SC375788)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MacLennan Distribution 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.

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 2010, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

MacLennan Distribution Ltd (Registered number: SC375788)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

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 49 (2023 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 185,000
AMORTISATION
At 1 April 2023 101,300
Charge for year 9,300
At 31 March 2024 110,600
NET BOOK VALUE
At 31 March 2024 74,400
At 31 March 2023 83,700

MacLennan Distribution Ltd (Registered number: SC375788)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 117,511 745,430 862,941
Additions - 195,224 195,224
Disposals - (103,837 ) (103,837 )
At 31 March 2024 117,511 836,817 954,328
DEPRECIATION
At 1 April 2023 45,857 410,873 456,730
Charge for year 11,751 121,163 132,914
Eliminated on disposal - (87,405 ) (87,405 )
At 31 March 2024 57,608 444,631 502,239
NET BOOK VALUE
At 31 March 2024 59,903 392,186 452,089
At 31 March 2023 71,654 334,557 406,211

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 281,803
Additions 57,478
At 31 March 2024 339,281
DEPRECIATION
At 1 April 2023 101,503
Charge for year 35,914
At 31 March 2024 137,417
NET BOOK VALUE
At 31 March 2024 201,864
At 31 March 2023 180,300

MacLennan Distribution Ltd (Registered number: SC375788)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 50,000
At 31 March 2023 50,000

Fixed assets, included in the above, which are held under finance leases are as follows:
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 50,000
At 31 March 2023 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 269,426 277,939
Other debtors 274,283 228,804
543,709 506,743

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 165,453 69,372
Hire purchase contracts 83,494 61,776
Trade creditors 150,946 93,143
Taxation and social security 77,908 96,556
Other creditors 70,338 74,571
548,139 395,418

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 115,873 62,891
Other creditors 295,685 410,741
411,558 473,632