IRIS Accounts Production v24.3.2.46 SC325079 Board of Directors Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3250792023-04-30SC3250792024-04-30SC3250792023-05-012024-04-30SC3250792022-04-30SC3250792022-05-012023-04-30SC3250792023-04-30SC325079ns15:Scotland2023-05-012024-04-30SC325079ns14:PoundSterling2023-05-012024-04-30SC325079ns10:Director12023-05-012024-04-30SC325079ns10:Director22023-05-012024-04-30SC325079ns10:Director32023-05-012024-04-30SC325079ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC325079ns10:SmallEntities2023-05-012024-04-30SC325079ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC325079ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC325079ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC325079ns10:FullAccounts2023-05-012024-04-30SC32507912023-05-012024-04-30SC325079ns10:OrdinaryShareClass12023-05-012024-04-30SC325079ns10:CompanySecretary12023-05-012024-04-30SC325079ns10:RegisteredOffice2023-05-012024-04-30SC325079ns5:CurrentFinancialInstruments2024-04-30SC325079ns5:CurrentFinancialInstruments2023-04-30SC325079ns5:Non-currentFinancialInstruments2024-04-30SC325079ns5:Non-currentFinancialInstruments2023-04-30SC325079ns5:ShareCapital2024-04-30SC325079ns5:ShareCapital2023-04-30SC325079ns5:RetainedEarningsAccumulatedLosses2024-04-30SC325079ns5:RetainedEarningsAccumulatedLosses2023-04-30SC325079ns5:NetGoodwill2023-05-012024-04-30SC325079ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC325079ns5:PlantMachinery2023-05-012024-04-30SC325079ns5:MotorVehicles2023-05-012024-04-30SC325079ns5:ComputerEquipment2023-05-012024-04-30SC325079ns5:NetGoodwill2023-04-30SC325079ns5:NetGoodwill2024-04-30SC325079ns5:NetGoodwill2023-04-30SC325079ns5:PlantMachinery2023-04-30SC325079ns5:MotorVehicles2023-04-30SC325079ns5:ComputerEquipment2023-04-30SC325079ns5:PlantMachinery2024-04-30SC325079ns5:MotorVehicles2024-04-30SC325079ns5:ComputerEquipment2024-04-30SC325079ns5:PlantMachinery2023-04-30SC325079ns5:MotorVehicles2023-04-30SC325079ns5:ComputerEquipment2023-04-30SC325079ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-30SC325079ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-012024-04-30SC325079ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-30SC325079ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-30SC325079ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC325079ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30SC325079ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: SC325079 (Scotland)















ANGUS MACKAY & SONS LTD

Financial Statements for the Year Ended 30 April 2024






ANGUS MACKAY & SONS LTD (REGISTERED NUMBER: SC325079)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANGUS MACKAY & SONS LTD

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A Mackay
C Mackay
A G Mackay





SECRETARY: A Mackay





REGISTERED OFFICE: 26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF





REGISTERED NUMBER: SC325079 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

ANGUS MACKAY & SONS LTD (REGISTERED NUMBER: SC325079)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 436,848 400,733
436,848 400,733

CURRENT ASSETS
Stocks 57,719 71,171
Debtors 7 194,015 171,219
Cash at bank and in hand 177,460 337,515
429,194 579,905
CREDITORS
Amounts falling due within one year 8 310,289 414,682
NET CURRENT ASSETS 118,905 165,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

555,753

565,956

CREDITORS
Amounts falling due after more than one
year

9

(2,833

)

(9,633

)

PROVISIONS FOR LIABILITIES (109,212 ) (100,183 )
NET ASSETS 443,708 456,140

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 443,608 456,040
SHAREHOLDERS' FUNDS 443,708 456,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

ANGUS MACKAY & SONS LTD (REGISTERED NUMBER: SC325079)

Balance Sheet - continued
30 April 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:




A Mackay - Director A G Mackay - Director




C Mackay - Director


ANGUS MACKAY & SONS LTD (REGISTERED NUMBER: SC325079)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Angus Mackay & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2007, 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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 30% on reducing balance

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 Profit & Loss Account, 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.


ANGUS MACKAY & SONS LTD (REGISTERED NUMBER: SC325079)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 98,500
AMORTISATION
At 1 May 2023
and 30 April 2024 98,500
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

ANGUS MACKAY & SONS LTD (REGISTERED NUMBER: SC325079)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 724,658 276,635 3,378 1,004,671
Additions 115,050 - - 115,050
At 30 April 2024 839,708 276,635 3,378 1,119,721
DEPRECIATION
At 1 May 2023 425,135 176,061 2,742 603,938
Charge for year 58,631 20,114 190 78,935
At 30 April 2024 483,766 196,175 2,932 682,873
NET BOOK VALUE
At 30 April 2024 355,942 80,460 446 436,848
At 30 April 2023 299,523 100,574 636 400,733

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

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 25,500
DEPRECIATION
At 1 May 2023 2,975
Charge for year 2,628
At 30 April 2024 5,603
NET BOOK VALUE
At 30 April 2024 19,897
At 30 April 2023 22,525

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 184,215 118,842
Other debtors 9,800 52,377
194,015 171,219

ANGUS MACKAY & SONS LTD (REGISTERED NUMBER: SC325079)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 1,032 -
Hire purchase contracts 6,800 6,800
Trade creditors 47,004 138,762
Taxation and social security 3,863 30,801
Other creditors 251,590 238,319
310,289 414,682

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 2,833 9,633

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary 1 100 100

11. RELATED PARTY DISCLOSURES

Creditors include director's loan of £243,590 (2023: £225,050). There are no repayment terms in place and no interest is being charged.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A Mackay.