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REGISTERED NUMBER: SC441433 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MACLEOD LETTINGS LIMITED

MACLEOD LETTINGS LIMITED (REGISTERED NUMBER: SC441433)






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


MACLEOD LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R W Macleod





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC441433 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

MACLEOD LETTINGS LIMITED (REGISTERED NUMBER: SC441433)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 125,369 45,590
125,369 45,590

CURRENT ASSETS
Debtors 6 13,415 64,900
Cash at bank 202,964 151,566
216,379 216,466
CREDITORS
Amounts falling due within one year 7 65,016 75,047
NET CURRENT ASSETS 151,363 141,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,732

187,009

CREDITORS
Amounts falling due after more than one
year

8

(70,081

)

(24,166

)

PROVISIONS FOR LIABILITIES (23,689 ) (1,800 )
NET ASSETS 182,962 161,043

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 182,961 161,042
SHAREHOLDERS' FUNDS 182,962 161,043

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.

MACLEOD LETTINGS LIMITED (REGISTERED NUMBER: SC441433)

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 28 January 2025 and were signed by:





R W Macleod - Director


MACLEOD LETTINGS LIMITED (REGISTERED NUMBER: SC441433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Macleod Lettings 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. 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 represents the amounts derived from the provision of services which fall within the company's ordinary activities and is stated net of the Flat Rate Vat adjustment. Revenue is recognised on provision of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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.
Land and buildings - 2% on a straight line basis
Plant and machinery etc - 33% on a straight line basis and 25% on a reducing balance basis

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.


MACLEOD LETTINGS LIMITED (REGISTERED NUMBER: SC441433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 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.

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 27,980
AMORTISATION
At 1 April 2023
and 31 March 2024 27,980
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

MACLEOD LETTINGS LIMITED (REGISTERED NUMBER: SC441433)

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 27,724 55,753 83,477
Additions 1,740 116,419 118,159
Disposals - (14,000 ) (14,000 )
At 31 March 2024 29,464 158,172 187,636
DEPRECIATION
At 1 April 2023 1,663 36,224 37,887
Charge for year 590 34,468 35,058
Eliminated on disposal - (10,678 ) (10,678 )
At 31 March 2024 2,253 60,014 62,267
NET BOOK VALUE
At 31 March 2024 27,211 98,158 125,369
At 31 March 2023 26,061 19,529 45,590

The net book value of assets held under finance at the balance sheet date was £65,925.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,415 64,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,614 -
Trade creditors 2,577 -
Taxation and social security 32,451 57,479
Other creditors 11,374 7,568
65,016 75,047

MACLEOD LETTINGS LIMITED (REGISTERED NUMBER: SC441433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 14,167 24,166
Hire purchase contracts 55,914 -
70,081 24,166