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REGISTERED NUMBER: SC561747 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MACBI CAFE LIMITED

MACBI CAFE LIMITED (REGISTERED NUMBER: SC561747)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


MACBI CAFE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr A H Watson
Mrs J Anderson
Mr D Barron
Mr I Laidlaw
Ms F Osgood





SECRETARY: Ms F Osgood





REGISTERED OFFICE: Macbi Community Hub
Newlands Road
Mintlaw
Peterhead
Aberdeenshire
AB42 5GP





REGISTERED NUMBER: SC561747 (Scotland)





AUDITORS: Bain Henry Reid
Statutory Auditors
Chartered Accountants
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

MACBI CAFE LIMITED (REGISTERED NUMBER: SC561747)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,260 -

CURRENT ASSETS
Stocks 1,000 1,000
Cash at bank 25,754 34,675
26,754 35,675
CREDITORS
Amounts falling due within one year 4 25,264 25,529
NET CURRENT ASSETS 1,490 10,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,750

10,146

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Retained earnings 5 (5,250 ) 2,146
SHAREHOLDERS' FUNDS 2,750 10,146

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 10 March 2025 and were signed on its behalf by:




Mrs J Anderson - Director



Ms F Osgood - Director


MACBI CAFE LIMITED (REGISTERED NUMBER: SC561747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

MACBI CAFE LIMITED (REGISTERED NUMBER: SC561747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 5,547
Additions 1,570
Disposals (1,801 )
At 31 May 2024 5,316
DEPRECIATION
At 1 June 2023 5,547
Charge for year 310
Eliminated on disposal (1,801 )
At 31 May 2024 4,056
NET BOOK VALUE
At 31 May 2024 1,260

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,167 4,481
Amounts owed to group undertakings 11,535 10,364
Taxation and social security 7,504 7,761
Other creditors 3,058 2,923
25,264 25,529

5. RESERVES
Retained
earnings
£   

At 1 June 2023 2,146
Deficit for the year (4,761 )
Payment to parent charity
made under the gift aid scheme (2,635 )
At 31 May 2024 (5,250 )

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Iain Arthur FCCA (Senior Statutory Auditor)
for and on behalf of Bain Henry Reid

7. ULTIMATE PARENT COMPANY

The ultimate parent company is Mintlaw and Central Buchan Initiative, which owns 100% of the issued share capital of MACBI Café Limited. Copies of its accounts can be obtained from the Registrar of Companies, Companies House, 4th Floor, Edinburgh Quay 2, 139 Fountainbridge, Edinburgh, EH3 9FF.

MACBI CAFE LIMITED (REGISTERED NUMBER: SC561747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party