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REGISTERED NUMBER: SC776399 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 20 JULY 2023 TO 31 JULY 2024

FOR

MACDONALD AND AITKEN LIMITED

MACDONALD AND AITKEN LIMITED (REGISTERED NUMBER: SC776399)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 20 July 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACDONALD AND AITKEN LIMITED

COMPANY INFORMATION
For The Period 20 July 2023 to 31 July 2024







DIRECTORS: J Aitken
E K Macdonald





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC776399 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

MACDONALD AND AITKEN LIMITED (REGISTERED NUMBER: SC776399)

BALANCE SHEET
31 July 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 580,740

CURRENT ASSETS
Stocks 3,555
Debtors 5 145,962
Cash at bank 7,911
157,428
CREDITORS
Amounts falling due within one year 6 331,937
NET CURRENT LIABILITIES (174,509 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,231

CREDITORS
Amounts falling due after more than one year 7 (250,000 )

PROVISIONS FOR LIABILITIES (2,148 )
NET ASSETS 154,083

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 153,983
SHAREHOLDERS' FUNDS 154,083

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

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

MACDONALD AND AITKEN LIMITED (REGISTERED NUMBER: SC776399)

BALANCE SHEET - continued
31 July 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 Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





J Aitken - Director


MACDONALD AND AITKEN LIMITED (REGISTERED NUMBER: SC776399)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 20 July 2023 to 31 July 2024

1. STATUTORY INFORMATION

Macdonald And Aitken 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.
Caravans - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the period 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 period 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 period was 1 .

MACDONALD AND AITKEN LIMITED (REGISTERED NUMBER: SC776399)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 20 July 2023 to 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property Caravans fittings equipment Totals
£    £    £    £    £   
COST
Additions 572,148 4,080 3,811 1,123 581,162
At 31 July 2024 572,148 4,080 3,811 1,123 581,162
DEPRECIATION
Charge for period - 170 134 118 422
At 31 July 2024 - 170 134 118 422
NET BOOK VALUE
At 31 July 2024 572,148 3,910 3,677 1,005 580,740

Included in cost of land and buildings is freehold land of £ 572,148 which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 141,295
Other debtors 4,667
145,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 30,000
Amounts owed to group undertakings 54,776
Taxation and social security 75,694
Other creditors 171,467
331,937

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 250,000

8. SECURED DEBTS

There is a floating charge over the whole of the company's assets dated 11 September 2023.

MACDONALD AND AITKEN LIMITED (REGISTERED NUMBER: SC776399)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 20 July 2023 to 31 July 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .