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MACARI HILL CIVIL ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






MACARI HILL CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: SC701816)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACARI HILL CIVIL ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: M J Macari
D I Hill





REGISTERED OFFICE: 19 Buccleuch Street
Hawick
TD9 0HL





REGISTERED NUMBER: SC701816 (Scotland)





ACCOUNTANTS: JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL

MACARI HILL CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: SC701816)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 378,667 237,897

CURRENT ASSETS
Stocks 9,700 -
Debtors 5 1,352,393 170,087
Cash at bank 2,616,790 965,720
3,978,883 1,135,807
CREDITORS
Amounts falling due within one year 6 1,675,462 393,712
NET CURRENT ASSETS 2,303,421 742,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,682,088

979,992

CREDITORS
Amounts falling due after more than one
year

7

(3,216

)

(26,608

)

PROVISIONS FOR LIABILITIES (95,000 ) (60,000 )
NET ASSETS 2,583,872 893,384

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 2,583,852 893,364
2,583,872 893,384

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

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

MACARI HILL CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: SC701816)

BALANCE SHEET - continued
30TH JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th February 2025 and were signed on its behalf by:




M J Macari - Director



D I Hill - Director


MACARI HILL CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: SC701816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Macari Hill Civil Engineering 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income Statement.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


MACARI HILL CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: SC701816)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The directors have considered the potential impact of the current ongoing affairs on the business and are satisfied that the company has sufficient cash reserves to meet all financial obligations for the foreseeable future. The Accounts have therefore been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 5 ) .

MACARI HILL CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: SC701816)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023 131,899 192,228 4,804 328,931
Additions 180,001 97,483 1,601 279,085
Disposals - (44,819 ) - (44,819 )
At 30th June 2024 311,900 244,892 6,405 563,197
DEPRECIATION
At 1st July 2023 42,475 46,973 1,586 91,034
Charge for year 62,380 42,230 2,114 106,724
Eliminated on disposal - (13,228 ) - (13,228 )
At 30th June 2024 104,855 75,975 3,700 184,530
NET BOOK VALUE
At 30th June 2024 207,045 168,917 2,705 378,667
At 30th June 2023 89,424 145,255 3,218 237,897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,147,591 54,053
Other debtors 204,802 116,034
1,352,393 170,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,062 18,722
Trade creditors 501,682 142,538
Taxation and social security 640,000 110,000
Other creditors 523,718 122,452
1,675,462 393,712

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,216 26,608