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REGISTERED NUMBER: SC587603 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

MCALLISTER BAKERY COMPANY LIMITED

MCALLISTER BAKERY COMPANY LIMITED (REGISTERED NUMBER: SC587603)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCALLISTER BAKERY COMPANY LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: D McAllister





REGISTERED OFFICE: 41 - 43 Glenbervie Road
Torry
Aberdeen
AB11 9JE





REGISTERED NUMBER: SC587603 (Scotland)






MCALLISTER BAKERY COMPANY LIMITED (REGISTERED NUMBER: SC587603)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,253 86,465

CURRENT ASSETS
Stocks 14,181 10,006
Debtors 5 189,556 96,284
Cash at bank and in hand 4,240 46,681
207,977 152,971
CREDITORS
Amounts falling due within one year 6 198,351 139,200
NET CURRENT ASSETS 9,626 13,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,879

100,236

CREDITORS
Amounts falling due after more than one
year

7

(56,788

)

(62,254

)

PROVISIONS FOR LIABILITIES (15,619 ) -
NET ASSETS 38,472 37,982

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 37,972 37,482
SHAREHOLDERS' FUNDS 38,472 37,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MCALLISTER BAKERY COMPANY LIMITED (REGISTERED NUMBER: SC587603)

Balance Sheet - continued
29 February 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 13 February 2025 and were signed by:





D McAllister - Director


MCALLISTER BAKERY COMPANY LIMITED (REGISTERED NUMBER: SC587603)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Mcallister Bakery Company 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.
Improvements to property - 16.67% on cost
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% 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.

MCALLISTER BAKERY COMPANY LIMITED (REGISTERED NUMBER: SC587603)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 10,083 53,457 71,985 2,518 138,043
Additions 16,615 29,558 - 509 46,682
Disposals - (2,234 ) (5,000 ) - (7,234 )
At 29 February 2024 26,698 80,781 66,985 3,027 177,491
DEPRECIATION
At 1 March 2023 4,330 25,986 20,079 1,183 51,578
Charge for year 2,670 15,056 13,563 509 31,798
Eliminated on disposal - (2,138 ) (5,000 ) - (7,138 )
At 29 February 2024 7,000 38,904 28,642 1,692 76,238
NET BOOK VALUE
At 29 February 2024 19,698 41,877 38,343 1,335 101,253
At 28 February 2023 5,753 27,471 51,906 1,335 86,465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,873 45,326
Amounts owed by participating interests 53,331 -
Other debtors 95,352 50,958
189,556 96,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,848 6,400
Hire purchase contracts 17,734 16,846
Trade creditors 72,633 56,168
Amounts owed to participating interests 18,177 9,366
Taxation and social security 29,607 11,470
Other creditors 53,352 38,950
198,351 139,200

MCALLISTER BAKERY COMPANY LIMITED (REGISTERED NUMBER: SC587603)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,218 17,067
Hire purchase contracts 36,444 29,811
Other creditors 10,126 15,376
56,788 62,254

8. ULTIMATE CONTROLLING PARTY

The controlling party is D McAllister.