Company Registration No. SC567591 (Scotland)
MC (SCOTLAND) ENTERPRISE LIMITED
Unaudited accounts
for the year ended 30 November 2024
MC (SCOTLAND) ENTERPRISE LIMITED
Unaudited accounts
Contents
MC (SCOTLAND) ENTERPRISE LIMITED
Company Information
for the year ended 30 November 2024
Directors
Charles William Caldwell
Michelline Caldwell
Company Number
SC567591 (Scotland)
Registered Office
48 Gartmore Road
Paisley
Renfrewshire
PA1 3NQ
Scotland
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
MC (SCOTLAND) ENTERPRISE LIMITED
Accountants' report
Accountants' report to the board of directors of MC (SCOTLAND) ENTERPRISE LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
MC (SCOTLAND) ENTERPRISE LIMITED for the year ended
30 November 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MC (SCOTLAND) ENTERPRISE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MC (SCOTLAND) ENTERPRISE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MC (SCOTLAND) ENTERPRISE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MC (SCOTLAND) ENTERPRISE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MC (SCOTLAND) ENTERPRISE LIMITED. You consider that MC (SCOTLAND) ENTERPRISE 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 accounts of MC (SCOTLAND) ENTERPRISE 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 accounts.
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
9 April 2025
MC (SCOTLAND) ENTERPRISE LIMITED
Statement of financial position
as at 30 November 2024
Tangible assets
7,221
9,628
Inventories
225,590
360,525
Cash at bank and in hand
158,137
240,127
Creditors: amounts falling due within one year
(284,830)
(431,396)
Net current assets
309,409
264,356
Net assets
374,630
348,984
Called up share capital
102
100
Profit and loss account
374,528
348,884
Shareholders' funds
374,630
348,984
For the year ending 30 November 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 9 April 2025 and were signed on its behalf by
Charles William Caldwell
Director
Company Registration No. SC567591
MC (SCOTLAND) ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 30 November 2024
MC (SCOTLAND) ENTERPRISE LIMITED is a private company, limited by shares, registered in Scotland, registration number SC567591. The registered office is 48 Gartmore Road, Paisley, Renfrewshire, PA1 3NQ, 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
25% on residual value
4
Tangible fixed assets
Plant & machinery
At 30 November 2024
24,231
At 30 November 2024
17,010
5
Investments
Other investments
Valuation at 1 December 2023
75,000
Valuation at 30 November 2024
58,000
MC (SCOTLAND) ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
Trade debtors
210,512
95,100
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
9,583
Trade creditors
168,932
236,183
Taxes and social security
33,644
42,413
Loans from directors
37,000
70,000
8
Average number of employees
During the year the average number of employees was 103 (2023: 103).