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REGISTERED NUMBER: SC476519 (Scotland)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MACLENNAN COACHES LIMITED

MACLENNAN COACHES LIMITED (REGISTERED NUMBER: SC476519)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MACLENNAN COACHES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A I MacLennan



REGISTERED OFFICE: 24 Inaclete Road
Stornoway
Western Isles
HS1 2RB



REGISTERED NUMBER: SC476519 (Scotland)



ACCOUNTANTS: CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS



BANKERS: Bank of Scotland
47 Cromwell Street
Stornoway
Isle of Lewis
HS1 2DE

MACLENNAN COACHES LIMITED (REGISTERED NUMBER: SC476519)

BALANCE SHEET
30 APRIL 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
300,786 Tangible assets 4 361,840

CURRENT ASSETS
71,838 Debtors 5 79,948
244,275 Cash at bank 276,148
316,113 356,096
CREDITORS
73,417 Amounts falling due within one year 6 99,741
242,696 NET CURRENT ASSETS 256,355
543,482 TOTAL ASSETS LESS CURRENT
LIABILITIES

618,195

CREDITORS
(1,086 ) Amounts falling due after more than one year 7 (48,651 )

(33,720 ) PROVISIONS FOR LIABILITIES (74,135 )
508,676 NET ASSETS 495,409

CAPITAL AND RESERVES
100 Called up share capital 100
508,576 Retained earnings 495,309
508,676 SHAREHOLDERS' FUNDS 495,409

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

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

MACLENNAN COACHES LIMITED (REGISTERED NUMBER: SC476519)

BALANCE SHEET - continued
30 APRIL 2024


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 20 February 2025 and were signed by:





A I MacLennan - Director


MACLENNAN COACHES LIMITED (REGISTERED NUMBER: SC476519)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

MacLennan Coaches 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.

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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MACLENNAN COACHES LIMITED (REGISTERED NUMBER: SC476519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 830,631
Additions 140,000
At 30 April 2024 970,631
DEPRECIATION
At 1 May 2023 529,845
Charge for year 78,946
At 30 April 2024 608,791
NET BOOK VALUE
At 30 April 2024 361,840
At 30 April 2023 300,786

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 140,000
At 30 April 2024 140,000
DEPRECIATION
Charge for year 2,917
At 30 April 2024 2,917
NET BOOK VALUE
At 30 April 2024 137,083

MACLENNAN COACHES LIMITED (REGISTERED NUMBER: SC476519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 17,648 17,434
Other debtors 62,300 54,404
79,948 71,838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 20,000 -
Trade creditors 26,513 16,728
Amounts owed to group undertakings 48,900 50,000
Taxation and social security 474 2,709
Other creditors 3,854 3,980
99,741 73,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 40,000 -
Other creditors 8,651 1,086
48,651 1,086

8. RELATED PARTY DISCLOSURES

Other Creditors includes a loan from A I Maclennan, Director of £8,651 (2023 - £1,086). There are no repayment terms and no interest is charged.

9. ULTIMATE CONTROLLING PARTY

The controlling party is A I MacLennan.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MACLENNAN COACHES LIMITED


The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 MacLennan Coaches Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of MacLennan Coaches Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MacLennan Coaches Limited and state those matters that we have agreed to state to the director of MacLennan Coaches Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that MacLennan Coaches Limited 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 loss of MacLennan Coaches Limited. You consider that MacLennan Coaches Limited 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 MacLennan Coaches Limited. 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.






CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS


20 February 2025