Company Registration No. SC670022 (Scotland)
G & C Mackenzie Decorating Ltd
Unaudited accounts
for the year ended 31 August 2024
G & C Mackenzie Decorating Ltd
Unaudited accounts
Contents
G & C Mackenzie Decorating Ltd
Company Information
for the year ended 31 August 2024
Directors
Craig Mackenzie
George Mackenzie
Company Number
SC670022 (Scotland)
Registered Office
85 Hilton Road
Cowdenbeath
Fife
KY4 9AW
Scotland
Accountants
SBS Accountancy
19 The Heathery
Dunfermline
Fife
KY11 8TS
G & C Mackenzie Decorating Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
10,140
11,830
Tangible assets
15,888
27,301
Cash at bank and in hand
24,773
995
Creditors: amounts falling due within one year
(40,346)
(31,458)
Net current assets/(liabilities)
1,357
(25,316)
Total assets less current liabilities
27,385
13,815
Creditors: amounts falling due after more than one year
(7,154)
(13,757)
Called up share capital
10
10
Profit and loss account
20,221
48
Shareholders' funds
20,231
58
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Craig Mackenzie
Director
Company Registration No. SC670022
G & C Mackenzie Decorating Ltd
Notes to the Accounts
for the year ended 31 August 2024
G & C Mackenzie Decorating Ltd is a private company, limited by shares, registered in Scotland, registration number SC670022. The registered office is 85 Hilton Road, Cowdenbeath, Fife, KY4 9AW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line method over 4 years
Motor vehicles
Straight line method over 4 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2023
16,900
G & C Mackenzie Decorating Ltd
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2023
2,610
44,478
47,088
At 31 August 2024
2,993
44,478
47,471
At 1 September 2023
1,959
17,828
19,787
Charge for the year
677
11,119
11,796
At 31 August 2024
2,636
28,947
31,583
At 31 August 2024
357
15,531
15,888
At 31 August 2023
651
26,650
27,301
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,603
6,603
Trade creditors
2,772
2,311
Taxes and social security
16,188
10,684
Loans from directors
1,227
-
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,154
13,757
9
Average number of employees
During the year the average number of employees was 6 (2023: 7).