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REGISTERED NUMBER: 10182032 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MACLEOD LEGAL AND MARITIME CONSULTANCY
LIMITED

MACLEOD LEGAL AND MARITIME CONSULTANCY
LIMITED (REGISTERED NUMBER: 10182032)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MACLEOD LEGAL AND MARITIME CONSULTANCY
LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: Mrs J A MacLeod
D K MacLeod





REGISTERED OFFICE: 55 Menlove Avenue
Liverpool
United Kingdom
Merseyside
L18 2EH





REGISTERED NUMBER: 10182032 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

MACLEOD LEGAL AND MARITIME CONSULTANCY
LIMITED (REGISTERED NUMBER: 10182032)

STATEMENT OF FINANCIAL POSITION
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300 83

CURRENT ASSETS
Debtors 5 1,157 3,018
Cash at bank 3,279 636
4,436 3,654
CREDITORS
Amounts falling due within one year 6 3,952 3,340
NET CURRENT ASSETS 484 314
TOTAL ASSETS LESS CURRENT
LIABILITIES

784

397

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 782 395
SHAREHOLDERS' FUNDS 784 397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





D K MacLeod - Director


MACLEOD LEGAL AND MARITIME CONSULTANCY
LIMITED (REGISTERED NUMBER: 10182032)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

MacLeod Legal And Maritime Consultancy Limited is a private company, limited by shares , registered in England and Wales. 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Income is recognised at the point that the service is complete; which is at the point that the customer is invoiced.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and impairment write downs.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant & machinery etc. - 33.3% on straight line basis

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, director's loan accounts and accruals.

Financial instruments that are payable or receivable within one year, typically bank accounts, directors' loan accounts and accruals, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

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 statement of financial position date.


MACLEOD LEGAL AND MARITIME CONSULTANCY
LIMITED (REGISTERED NUMBER: 10182032)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants
Grant income received in respect of the Coronavirus Job Retention Scheme in recognised in the accounting period in which the underlying furloughed staff costs relate to.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 495
Additions 400
At 31 May 2024 895
DEPRECIATION
At 1 June 2023 412
Charge for year 183
At 31 May 2024 595
NET BOOK VALUE
At 31 May 2024 300
At 31 May 2023 83

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 875 2,960
Other debtors 282 58
1,157 3,018

MACLEOD LEGAL AND MARITIME CONSULTANCY
LIMITED (REGISTERED NUMBER: 10182032)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 67 379
Other creditors 3,885 2,961
3,952 3,340