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REGISTERED NUMBER: SC224918 (Scotland)















D R MACLEOD (HAULAGE) LIMITED

Financial Statements for the Year Ended 31 July 2024






D R MACLEOD (HAULAGE) LIMITED (REGISTERED NUMBER: SC224918)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D R MACLEOD (HAULAGE) LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Margaret Macleod
Mark Macleod
Dawn Campbell Maciver





SECRETARY: Margaret Macleod





REGISTERED OFFICE: Customs House
Quay Street
Stornoway
Isle of Lewis
HS1 2XX





REGISTERED NUMBER: SC224918 (Scotland)





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

D R MACLEOD (HAULAGE) LIMITED (REGISTERED NUMBER: SC224918)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 4,063,662

CURRENT ASSETS
Debtors 6 25,514 775,497
Cash at bank 948,044 2,439,534
973,558 3,215,031
CREDITORS
Amounts falling due within one year 7 606,182 772,251
NET CURRENT ASSETS 367,376 2,442,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,376

6,506,442

PROVISIONS FOR LIABILITIES - (38,486 )

ACCRUALS AND DEFERRED INCOME - (15,497 )
NET ASSETS 367,376 6,452,459

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 367,375 6,452,458
SHAREHOLDERS' FUNDS 367,376 6,452,459

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

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

D R MACLEOD (HAULAGE) LIMITED (REGISTERED NUMBER: SC224918)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mark Macleod - Director


D R MACLEOD (HAULAGE) LIMITED (REGISTERED NUMBER: SC224918)

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

1. STATUTORY INFORMATION

D R Macleod (Haulage) 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. 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.

The accounts are presented in sterling and are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 4% depreciation on cost
Plant and machinery - 25% depreciation on reducing balance
Motor vehicles - 25% depreciation on reducing balance

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.

D R MACLEOD (HAULAGE) LIMITED (REGISTERED NUMBER: SC224918)

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

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 92 ) .

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 4,010,851 577,058 147,550 102,638 4,838,097
Disposals (4,010,851 ) (577,058 ) (147,550 ) (102,638 ) (4,838,097 )
At 31 July 2024 - - - - -
DEPRECIATION
At 1 August 2023 461,850 216,341 58,310 37,934 774,435
Eliminated on disposal (461,850 ) (216,341 ) (58,310 ) (37,934 ) (774,435 )
At 31 July 2024 - - - - -
NET BOOK VALUE
At 31 July 2024 - - - - -
At 31 July 2023 3,549,001 360,717 89,240 64,704 4,063,662

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 25,514 394,317
Other debtors - 176,180
25,514 570,497

Amounts falling due after more than one year:
Other debtors - 205,000

Aggregate amounts 25,514 775,497

D R MACLEOD (HAULAGE) LIMITED (REGISTERED NUMBER: SC224918)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1,904 277,705
Taxation and social security 500,214 259,081
Other creditors 104,064 235,465
606,182 772,251

8. RELATED PARTY DISCLOSURES

During the year the company declared dividends of £7,181,275, to DR Macleod Limited, the company's parent.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is DR Macleod Limited.