IRIS Accounts Production v24.3.2.46 SC239891 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2398912023-06-30SC2398912024-06-30SC2398912023-07-012024-06-30SC2398912022-06-30SC2398912022-07-012023-06-30SC2398912023-06-30SC239891ns15:Scotland2023-07-012024-06-30SC239891ns14:PoundSterling2023-07-012024-06-30SC239891ns10:Director12023-07-012024-06-30SC239891ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC239891ns10:SmallEntities2023-07-012024-06-30SC239891ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC239891ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC239891ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC239891ns10:AbridgedAccounts2023-07-012024-06-30SC239891ns10:Director22023-07-012024-06-30SC239891ns10:Director32023-07-012024-06-30SC239891ns10:CompanySecretary12023-07-012024-06-30SC239891ns10:RegisteredOffice2023-07-012024-06-30SC239891ns5:CurrentFinancialInstruments2024-06-30SC239891ns5:CurrentFinancialInstruments2023-06-30SC239891ns5:Non-currentFinancialInstruments2024-06-30SC239891ns5:Non-currentFinancialInstruments2023-06-30SC239891ns5:ShareCapital2024-06-30SC239891ns5:ShareCapital2023-06-30SC239891ns5:RetainedEarningsAccumulatedLosses2024-06-30SC239891ns5:RetainedEarningsAccumulatedLosses2023-06-30SC239891ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-012024-06-30SC239891ns5:PlantMachinery2023-07-012024-06-30SC239891ns5:FurnitureFittings2023-07-012024-06-30SC239891ns5:MotorVehicles2023-07-012024-06-30SC239891ns5:ComputerEquipment2023-07-012024-06-30SC239891ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-30SC239891ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-30SC239891ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-30SC239891ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-30SC239891ns5:HirePurchaseContracts2024-06-30SC239891ns5:HirePurchaseContracts2023-06-30
REGISTERED NUMBER: SC239891 (Scotland)















Unaudited Financial Statements For The Year Ended 30 June 2024

for

McMillan's Fire And Flood Restoration
Limited

McMillan's Fire And Flood Restoration
Limited (Registered number: SC239891)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


McMillan's Fire And Flood Restoration
Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: F McMillan
E W McMillan
Mrs I McMillan





SECRETARY: Mrs I McMillan





REGISTERED OFFICE: Unit 2
28 Queen Elizabeth Avenue
Hillington
Glasgow
G52 4NQ





REGISTERED NUMBER: SC239891 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

McMillan's Fire And Flood Restoration
Limited (Registered number: SC239891)

Abridged Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 566,560 468,509

CURRENT ASSETS
Stocks 4,147 3,558
Debtors 519,317 499,284
Cash at bank 950,666 496,807
1,474,130 999,649
CREDITORS
Amounts falling due within one year 860,814 597,951
NET CURRENT ASSETS 613,316 401,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,179,876

870,207

CREDITORS
Amounts falling due after more than one
year

5

(69,281

)

(70,613

)

PROVISIONS FOR LIABILITIES (130,083 ) (104,709 )
NET ASSETS 980,512 694,885

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 980,412 694,785
980,512 694,885

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

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

McMillan's Fire And Flood Restoration
Limited (Registered number: SC239891)

Abridged Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





E W McMillan - Director


McMillan's Fire And Flood Restoration
Limited (Registered number: SC239891)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

McMillan's Fire And Flood Restoration 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.

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.
Leasehold improvements - 10% on cost
Fixed plant and equipment - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computers - 20% on cost

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.


McMillan's Fire And Flood Restoration
Limited (Registered number: SC239891)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 1,202,545
Additions 279,745
Disposals (16,658 )
At 30 June 2024 1,465,632
DEPRECIATION
At 1 July 2023 734,036
Charge for year 181,694
Eliminated on disposal (16,658 )
At 30 June 2024 899,072
NET BOOK VALUE
At 30 June 2024 566,560
At 30 June 2023 468,509

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Other loans more 5yrs instal 12,980 -

McMillan's Fire And Flood Restoration
Limited (Registered number: SC239891)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 17,919 19,520
Between one and five years 17,216 35,134
35,135 54,654