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REGISTERED NUMBER: SC213195 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GEORGE MCDONALD BUILDERS LTD.

GEORGE MCDONALD BUILDERS LTD. (REGISTERED NUMBER: SC213195)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

GEORGE MCDONALD BUILDERS LTD.

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: Mr G McDonald
Mrs L McDonald





SECRETARY: Mrs L McDonald





REGISTERED OFFICE: Mains of Coynach
Migvie
Tarland
Aboyne
Aberdeenshire
AB34 4XN





REGISTERED NUMBER: SC213195 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

GEORGE MCDONALD BUILDERS LTD. (REGISTERED NUMBER: SC213195)

STATEMENT OF FINANCIAL POSITION
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 323,180 362,911

CURRENT ASSETS
Stocks 5 20,800 27,250
Debtors 6 18,945 54,207
Cash at bank 129,536 50,813
169,281 132,270
CREDITORS
Amounts falling due within one year 7 118,071 100,123
NET CURRENT ASSETS 51,210 32,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,390

395,058

CREDITORS
Amounts falling due after more than one year 8 (5,940 ) (12,420 )

PROVISIONS FOR LIABILITIES 9 (57,887 ) (65,043 )
NET ASSETS 310,563 317,595

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 310,463 317,495
SHAREHOLDERS' FUNDS 310,563 317,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





Mr G McDonald - Director


GEORGE MCDONALD BUILDERS LTD. (REGISTERED NUMBER: SC213195)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

George McDonald Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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.
Freehold property - 4% on reducing balance
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

GEORGE MCDONALD BUILDERS LTD. (REGISTERED NUMBER: SC213195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 137,098 348,496 108,969 2,565 597,128
Additions - 8,978 - - 8,978
Disposals - (9,090 ) - (375 ) (9,465 )
At 30 November 2024 137,098 348,384 108,969 2,190 596,641
DEPRECIATION
At 1 December 2023 41,647 175,362 15,722 1,486 234,217
Charge for year 3,818 17,286 23,312 352 44,768
Eliminated on disposal - (5,172 ) - (352 ) (5,524 )
At 30 November 2024 45,465 187,476 39,034 1,486 273,461
NET BOOK VALUE
At 30 November 2024 91,633 160,908 69,935 704 323,180
At 30 November 2023 95,451 173,134 93,247 1,079 362,911

5. STOCKS
2024 2023
£    £   
Stocks 8,400 8,750
Work-in-progress 12,400 18,500
20,800 27,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,945 49,888
Other debtors - 4,319
18,945 54,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,480 8,980
Trade creditors 5,291 15,648
Taxation and social security 35,370 3,860
Other creditors 70,930 71,635
118,071 100,123

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,940 12,420

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 57,887 65,043

GEORGE MCDONALD BUILDERS LTD. (REGISTERED NUMBER: SC213195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2023 65,043
Movement in year (7,156 )
Balance at 30 November 2024 57,887

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr G McDonald
Balance outstanding at start of year (35,817 ) (18,114 )
Amounts advanced 35,659 27,991
Amounts repaid (35,307 ) (45,694 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35,465 ) (35,817 )

Mrs L McDonald
Balance outstanding at start of year (35,818 ) -
Amounts advanced 35,659 14,200
Amounts repaid (35,307 ) (50,018 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35,466 ) (35,818 )

These amounts bear no interest and have no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GEORGE MCDONALD BUILDERS LTD. (REGISTERED NUMBER: SC213195)

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are 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 George McDonald Builders Ltd. for the year ended 30 November 2024 which comprise the Profit and Loss, Statement of Financial Position, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of George McDonald Builders Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of George McDonald Builders Ltd. and state those matters that we have agreed to state to the Board of Directors of George McDonald Builders Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that George McDonald Builders 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 George McDonald Builders Ltd.. You consider that George McDonald Builders 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 George McDonald Builders 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.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


18 March 2025