Mike Runcie Paths & Driveways Limited
Registered number: SC474806
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 6,380
Current assets
Cash at bank and in hand 45,870 9,226
Net current assets 45,870 9,226
Total assets less current liabilities 45,870 15,606
Creditors: amounts falling due after more than one year 4 (58,363) (67,036)
Net liabilities (12,493) (51,430)
Capital and reserves
Called up share capital 10 10
Profit and loss account (12,503) (51,440)
Shareholders' funds (12,493) (51,430)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M.Runcie
Director
Approved by the board on 13 January 2025
Mike Runcie Paths & Driveways Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2023 54,101
At 30 April 2024 54,101
Depreciation
At 1 May 2023 47,721
Charge for the year 6,380
At 30 April 2024 54,101
Net book value
At 30 April 2024 -
At 30 April 2023 6,380
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,750 11,491
Obligations under finance lease and hire purchase contracts 5,317 8,174
Other creditors 44,296 47,371
58,363 67,036
5 Other information
Mike Runcie Paths & Driveways Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
30 Binghill Road West
Milltimber
Aberdeen
Aberdeenshire
AB13 0JB
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