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REGISTERED NUMBER: SC105535 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

MacWilliam Plant Limited

MacWilliam Plant Limited (Registered number: SC105535)






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


MacWilliam Plant Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C MacWilliam





REGISTERED OFFICE: Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC105535 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

MacWilliam Plant Limited (Registered number: SC105535)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 934,260 902,451

CURRENT ASSETS
Debtors 5 180,000 -
Cash at bank 140,160 198,567
320,160 198,567
CREDITORS
Amounts falling due within one year 6 250,096 173,535
NET CURRENT ASSETS 70,064 25,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,004,324

927,483

CREDITORS
Amounts falling due after more than one
year

7

(428,935

)

(459,373

)

PROVISIONS FOR LIABILITIES (158,931 ) (153,826 )
NET ASSETS 416,458 314,284

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 406,458 304,284
SHAREHOLDERS' FUNDS 416,458 314,284

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 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.

MacWilliam Plant Limited (Registered number: SC105535)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





C MacWilliam - Director


MacWilliam Plant Limited (Registered number: SC105535)

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

1. STATUTORY INFORMATION

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

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 cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 10% 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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 9 ) .

MacWilliam Plant Limited (Registered number: SC105535)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 157,000 1,478,480 1,635,480
Additions - 162,663 162,663
At 30 April 2024 157,000 1,641,143 1,798,143
DEPRECIATION
At 1 May 2023 64,160 668,869 733,029
Charge for year 3,140 127,714 130,854
At 30 April 2024 67,300 796,583 863,883
NET BOOK VALUE
At 30 April 2024 89,700 844,560 934,260
At 30 April 2023 92,840 809,611 902,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 180,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 129,954 87,612
Trade creditors 62,629 22,876
Taxation and social security 31,824 38,100
Other creditors 15,689 14,947
250,096 173,535

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 15,847 25,834
Hire purchase contracts 251,384 271,835
Other creditors 161,704 161,704
428,935 459,373