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REGISTERED NUMBER: SC478243 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

MacGarvie & Co Ltd

MacGarvie & Co Ltd (Registered number: SC478243)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Chartered Accountants' Report 3

MacGarvie & Co Ltd (Registered number: SC478243)

Balance Sheet
31 May 2024

2024 2023
£    £   
FIXED ASSETS 22,167 22,278

CURRENT ASSETS 31,636 47,542

PREPAYMENTS AND ACCRUED INCOME 706 630

CREDITORS
Amounts falling due within one year (34,507 ) (36,061 )
NET CURRENT (LIABILITIES)/ASSETS (2,165 ) 12,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,002

34,389

CAPITAL AND RESERVES 20,002 34,389

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

MacGarvie & Co Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC478243

Registered office: 60 Wellington Street
Glasgow
G2 6HJ

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

3. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
J MacGarvie
Balance outstanding at start of year 149 (361 )
Amounts advanced 1,291 1,118
Amounts repaid (969 ) (608 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 471 149

The loan is interest free and is repayable on demand. The loan was repaid in full on 27 February 2025.

MacGarvie & Co Ltd (Registered number: SC478243)

Balance Sheet - continued
31 May 2024

NOTES TO THE FINANCIAL STATEMENTS

4. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the Balance Sheet at the year end was:

£   

Vehicle contract hire commitments18,418





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 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





J MacGarvie - Director


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
MacGarvie & Co 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 is 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 MacGarvie & Co Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MacGarvie & Co Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MacGarvie & Co Ltd and state those matters that we have agreed to state to the director of MacGarvie & Co Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MacGarvie & Co Ltd and its director for our work or for this report.

It is your duty to ensure that MacGarvie & Co 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 profit of MacGarvie & Co Ltd. You consider that MacGarvie & Co 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 MacGarvie & Co 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.






Armstrong Watson LLP
1st Floor
24 Blythswood Square
Glasgow
G2 4BG


25 February 2025