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REGISTERED NUMBER: SC229755 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MCLEOD PLANT HIRE (ABERDEEN) LTD.

MCLEOD PLANT HIRE (ABERDEEN) LTD. (REGISTERED NUMBER: SC229755)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

MCLEOD PLANT HIRE (ABERDEEN) LTD.

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: Mr N B McLeod





REGISTERED OFFICE: Naurcris House
Kirkton of Dyce
Dyce
Aberdeen
AB21 0EY





REGISTERED NUMBER: SC229755 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

MCLEOD PLANT HIRE (ABERDEEN) LTD. (REGISTERED NUMBER: SC229755)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,452,825 1,564,368

CURRENT ASSETS
Stocks 5 11,810 12,086
Debtors 6 956,639 967,788
Cash at bank and in hand 36,918 64,562
1,005,367 1,044,436
CREDITORS
Amounts falling due within one year 7 104,076 150,724
NET CURRENT ASSETS 901,291 893,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,354,116

2,458,080

PROVISIONS FOR LIABILITIES 9 363,206 383,338
NET ASSETS 1,990,910 2,074,742

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,990,908 2,074,740
SHAREHOLDERS' FUNDS 1,990,910 2,074,742

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.

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:





Mr N B McLeod - Director


MCLEOD PLANT HIRE (ABERDEEN) LTD. (REGISTERED NUMBER: SC229755)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mcleod Plant Hire (Aberdeen) 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 (£).


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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 10 (2023 - 10 ) .

MCLEOD PLANT HIRE (ABERDEEN) LTD. (REGISTERED NUMBER: SC229755)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 5,953,799 275,118 6,393 6,235,310
Additions 241,654 - 750 242,404
Disposals (301,991 ) - - (301,991 )
At 30 April 2024 5,893,462 275,118 7,143 6,175,723
DEPRECIATION
At 1 May 2023 4,455,020 210,153 5,769 4,670,942
Charge for year 329,754 12,993 645 343,392
Eliminated on disposal (291,436 ) - - (291,436 )
At 30 April 2024 4,493,338 223,146 6,414 4,722,898
NET BOOK VALUE
At 30 April 2024 1,400,124 51,972 729 1,452,825
At 30 April 2023 1,498,779 64,965 624 1,564,368

5. STOCKS
2024 2023
£    £   
Stocks 11,810 12,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 272,741 361,542
Other debtors - 3,262
Directors' current accounts 487,135 428,134
Tax 160,227 140,314
Prepayments and accrued income 36,536 34,536
956,639 967,788

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,228 42,232
Trade creditors 32,592 43,419
Tax 21,677 31,659
Social security and other taxes 7,896 11,037
VAT 27,590 18,276
Other creditors 150 1,050
Accrued expenses 943 3,051
104,076 150,724

MCLEOD PLANT HIRE (ABERDEEN) LTD. (REGISTERED NUMBER: SC229755)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 501 501
Between one and five years 125 501
626 1,002

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 363,206 383,338

Deferred
tax
£   
Balance at 1 May 2023 383,338
Movement in year (20,132 )
Balance at 30 April 2024 363,206

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr N B McLeod
Balance outstanding at start of year 428,134 334,524
Amounts advanced 102,508 124,880
Amounts repaid (43,507 ) (31,270 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 487,135 428,134

This loan is interest free and has no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MCLEOD PLANT HIRE (ABERDEEN) LTD.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mcleod Plant Hire (Aberdeen) Ltd. for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Mcleod Plant Hire (Aberdeen) Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mcleod Plant Hire (Aberdeen) Ltd. and state those matters that we have agreed to state to the director of Mcleod Plant Hire (Aberdeen) Ltd. in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Mcleod Plant Hire (Aberdeen) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mcleod Plant Hire (Aberdeen) Ltd.. You consider that Mcleod Plant Hire (Aberdeen) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mcleod Plant Hire (Aberdeen) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


30 January 2025