Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 30 March 2024 30 March 2024 SC446784 Mrs Denise MacKenzie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC446784 2023-03-31 SC446784 2024-03-30 SC446784 2023-04-01 2024-03-30 SC446784 frs-core:CurrentFinancialInstruments 2024-03-30 SC446784 frs-core:Non-currentFinancialInstruments 2024-03-30 SC446784 frs-core:BetweenOneFiveYears 2024-03-30 SC446784 frs-core:FurnitureFittings 2024-03-30 SC446784 frs-core:FurnitureFittings 2023-04-01 2024-03-30 SC446784 frs-core:FurnitureFittings 2023-03-31 SC446784 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-30 SC446784 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-30 SC446784 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC446784 frs-core:MotorVehicles 2024-03-30 SC446784 frs-core:MotorVehicles 2023-04-01 2024-03-30 SC446784 frs-core:MotorVehicles 2023-03-31 SC446784 frs-core:PlantMachinery 2023-04-01 2024-03-30 SC446784 frs-core:WithinOneYear 2024-03-30 SC446784 frs-core:ShareCapital 2024-03-30 SC446784 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 SC446784 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-30 SC446784 frs-bus:FilletedAccounts 2023-04-01 2024-03-30 SC446784 frs-bus:SmallEntities 2023-04-01 2024-03-30 SC446784 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-30 SC446784 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-30 SC446784 frs-bus:Director1 2023-04-01 2024-03-30 SC446784 frs-countries:Scotland 2023-04-01 2024-03-30 SC446784 2022-03-31 SC446784 2023-03-31 SC446784 2022-04-01 2023-03-31 SC446784 frs-core:CurrentFinancialInstruments 2023-03-31 SC446784 frs-core:Non-currentFinancialInstruments 2023-03-31 SC446784 frs-core:BetweenOneFiveYears 2023-03-31 SC446784 frs-core:WithinOneYear 2023-03-31 SC446784 frs-core:ShareCapital 2023-03-31 SC446784 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC446784
Mackenzie Transport Services Ltd
Unaudited Financial Statements
For The Year Ended 30 March 2024
Business Oxygen Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC446784
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 396,466 134,382
396,466 134,382
CURRENT ASSETS
Debtors 5 654,516 497,372
Cash at bank and in hand 41,403 85,637
695,919 583,009
Creditors: Amounts Falling Due Within One Year 6 (759,408 ) (613,885 )
NET CURRENT ASSETS (LIABILITIES) (63,489 ) (30,876 )
TOTAL ASSETS LESS CURRENT LIABILITIES 332,977 103,506
Creditors: Amounts Falling Due After More Than One Year 7 (206,671 ) (33,780 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (43,653 ) -
NET ASSETS 82,653 69,726
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 82,553 69,626
SHAREHOLDERS' FUNDS 82,653 69,726
Page 1
Page 2
For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Denise MacKenzie
Director
05/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mackenzie Transport Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC446784 . The registered office is 151 Climpy Road, Forth, Lanarkshire, ML11 8EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation charge
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 19)
22 19
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 100,909 62,138 973 164,020
Additions - 330,945 - 330,945
As at 30 March 2024 100,909 393,083 973 494,965
Depreciation
As at 1 April 2023 - 28,439 1,199 29,638
Provided during the period - 68,861 - 68,861
As at 30 March 2024 - 97,300 1,199 98,499
Net Book Value
As at 30 March 2024 100,909 295,783 (226 ) 396,466
As at 1 April 2023 100,909 33,699 (226 ) 134,382
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 597,695 456,347
Other debtors 56,821 41,025
654,516 497,372
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,620 -
Trade creditors 222,700 253,549
Bank loans and overdrafts 24,039 -
Other creditors 308,249 160,942
Taxation and social security 138,800 199,394
759,408 613,885
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 195,004 2,415
Bank loans 11,667 31,365
206,671 33,780
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 65,620 -
Later than one year and not later than five years 195,004 2,415
260,624 2,415
260,624 2,415
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5