IRIS Accounts Production v24.3.2.46 SC155779 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1557792023-07-31SC1557792024-07-31SC1557792023-08-012024-07-31SC1557792022-07-31SC1557792022-08-012023-07-31SC1557792023-07-31SC155779ns15:Scotland2023-08-012024-07-31SC155779ns14:PoundSterling2023-08-012024-07-31SC155779ns10:Director12023-08-012024-07-31SC155779ns10:PrivateLimitedCompanyLtd2023-08-012024-07-31SC155779ns10:SmallEntities2023-08-012024-07-31SC155779ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-31SC155779ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-31SC155779ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-31SC155779ns10:FullAccounts2023-08-012024-07-31SC155779ns10:RegisteredOffice2023-08-012024-07-31SC155779ns5:CurrentFinancialInstruments2024-07-31SC155779ns5:CurrentFinancialInstruments2023-07-31SC155779ns5:ShareCapital2024-07-31SC155779ns5:ShareCapital2023-07-31SC155779ns5:RetainedEarningsAccumulatedLosses2024-07-31SC155779ns5:RetainedEarningsAccumulatedLosses2023-07-31SC155779ns5:PlantMachinery2023-08-012024-07-31SC155779ns5:PlantMachinery2023-07-31SC155779ns5:PlantMachinery2024-07-31SC155779ns5:PlantMachinery2023-07-31SC155779ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-31SC155779ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: SC155779 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

LE-MACK (OILFIELD RENTALS) LIMITED

LE-MACK (OILFIELD RENTALS) LIMITED (REGISTERED NUMBER: SC155779)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LE-MACK (OILFIELD RENTALS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: K MacKintosh





REGISTERED OFFICE: Unit 8 Piper Alpha Centre
Badentoy Place
Badentoy Industrial Estate
Portlethen
Aberdeenshire
AB12 4YF





REGISTERED NUMBER: SC155779 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

LE-MACK (OILFIELD RENTALS) LIMITED (REGISTERED NUMBER: SC155779)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,951 69,256

CURRENT ASSETS
Debtors 5 360,794 349,789
Cash at bank 25,319 94,012
386,113 443,801
CREDITORS
Amounts falling due within one year 6 102,155 42,311
NET CURRENT ASSETS 283,958 401,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,909

470,746

PROVISIONS FOR LIABILITIES 3,735 5,056
NET ASSETS 332,174 465,690

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 332,074 465,590
SHAREHOLDERS' FUNDS 332,174 465,690

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

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

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

The financial statements were approved by the director and authorised for issue on 11th February 2025 and were signed by:





K MacKintosh - Director


LE-MACK (OILFIELD RENTALS) LIMITED (REGISTERED NUMBER: SC155779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Le-Mack (Oilfield Rentals) Limited 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.

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.
Plant and machinery etc - 25% on reducing balance

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.

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 6 (2023 - 6 ) .

LE-MACK (OILFIELD RENTALS) LIMITED (REGISTERED NUMBER: SC155779)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023
and 31st July 2024 1,843,343
DEPRECIATION
At 1st August 2023 1,774,087
Charge for year 17,305
At 31st July 2024 1,791,392
NET BOOK VALUE
At 31st July 2024 51,951
At 31st July 2023 69,256

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 288,711 276,995
Intercompany loan 60,386 60,386
VAT 1,541 -
Prepayments 10,156 12,408
360,794 349,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,766 3,914
Tax 61,078 25,940
Social security and other taxes 14,429 -
VAT - 3,725
Other creditors 555 1,405
Dividend accrued 10,000 -
Directors' current accounts 4,327 4,327
Accrued expenses 3,000 3,000
102,155 42,311