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REGISTERED NUMBER: SC197463 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MUNICIPAL AND GENERAL VEHICLE CONTRACTS
LIMITED

MUNICIPAL AND GENERAL VEHICLE CONTRACTS
LIMITED (REGISTERED NUMBER: SC197463)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


MUNICIPAL AND GENERAL VEHICLE CONTRACTS
LIMITED (REGISTERED NUMBER: SC197463)

ABRIDGED BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,281,603 2,281,603

CURRENT ASSETS
Debtors 7,111 4,825
Cash at bank 3,649 12,555
10,760 17,380
CREDITORS
Amounts falling due within one year 1,262,968 1,300,095
NET CURRENT LIABILITIES (1,252,208 ) (1,282,715 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,029,395

998,888

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 175,000 175,000
Retained earnings 854,295 823,788
SHAREHOLDERS' FUNDS 1,029,395 998,888

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

MUNICIPAL AND GENERAL VEHICLE CONTRACTS
LIMITED (REGISTERED NUMBER: SC197463)

ABRIDGED BALANCE SHEET - continued
31 October 2024



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





D Hyslop - Director


MUNICIPAL AND GENERAL VEHICLE CONTRACTS
LIMITED (REGISTERED NUMBER: SC197463)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Municipal And General Vehicle Contracts Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC197463

Registered office: 22 Backbrae Street
Kilsyth
G65 0NH

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 as modified by the revaluation of certain assets.

Turnover and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 2,281,603
NET BOOK VALUE
At 31 October 2024 2,281,603
At 31 October 2023 2,281,603

MUNICIPAL AND GENERAL VEHICLE CONTRACTS
LIMITED (REGISTERED NUMBER: SC197463)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2024 is represented by:

Totals
£   
Valuation in 2024 2,281,603

5. RELATED PARTY DISCLOSURES

Included within "Inter-company loan" are loans of £1,103,830 (2023: £1,145,708) due to other companies/trades in which the director has a controlling interest in. These loans are interest free.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Hyslop