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REGISTERED NUMBER: SC250196 (Scotland)















JOHN MACLENNAN (CONTRACTORS) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






JOHN MACLENNAN (CONTRACTORS) LTD (REGISTERED NUMBER: SC250196)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN MACLENNAN (CONTRACTORS) LTD

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: Ms M MacLennan
K MacLennan
Ms S Gray





SECRETARY: Mrs I MacLennan





REGISTERED OFFICE: 129 Craigston
Castlebay
Isle Of Barra
HS9 5XS





REGISTERED NUMBER: SC250196 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

JOHN MACLENNAN (CONTRACTORS) LTD (REGISTERED NUMBER: SC250196)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 393,014 233,187

CURRENT ASSETS
Debtors 5 56,612 76,229
Cash at bank 155,542 144,308
212,154 220,537
CREDITORS
Amounts falling due within one year 6 218,549 259,548
NET CURRENT LIABILITIES (6,395 ) (39,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,619

194,176

CREDITORS
Amounts falling due after more than one
year

7

-

(47,733

)

PROVISIONS FOR LIABILITIES (66,782 ) (20,750 )
NET ASSETS 319,837 125,693

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 319,836 125,692
SHAREHOLDERS' FUNDS 319,837 125,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JOHN MACLENNAN (CONTRACTORS) LTD (REGISTERED NUMBER: SC250196)

BALANCE SHEET - continued
31 May 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 Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





Ms M MacLennan - Director


JOHN MACLENNAN (CONTRACTORS) LTD (REGISTERED NUMBER: SC250196)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

John MacLennan (Contractors) 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.

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 services provided during the year, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 20% on reducing balance and 20% on cost
Plant and machinery etc - 25% on cost, 20% on reducing balance and 10% on cost

Government grants
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and credited to the profit and loss account over the estimated useful life of the assets to which they relate.

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.

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 11 (2023 - 7 ) .

JOHN MACLENNAN (CONTRACTORS) LTD (REGISTERED NUMBER: SC250196)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 510 750,724 751,234
Additions 10,000 238,073 248,073
Disposals (510 ) (189,500 ) (190,010 )
At 31 May 2024 10,000 799,297 809,297
DEPRECIATION
At 1 June 2023 510 517,537 518,047
Charge for year 667 68,714 69,381
Eliminated on disposal (510 ) (170,635 ) (171,145 )
At 31 May 2024 667 415,616 416,283
NET BOOK VALUE
At 31 May 2024 9,333 383,681 393,014
At 31 May 2023 - 233,187 233,187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 35,621 57,175
Other debtors 20,991 19,054
56,612 76,229

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 34,555
Trade creditors 10,736 4,674
Taxation and social security 15,647 13,472
Other creditors 192,166 206,847
218,549 259,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 47,733

8. RELATED PARTY DISCLOSURES

At the year end the company's director had provided the company with an interest free loan of £180,510 (2023, £205,945). There are no fixed repayment terms for this loan, which is included within other creditors.