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REGISTERED NUMBER: SC139555 (Scotland)
















Financial Statements for the Year Ended 31 August 2024

for

McCartney (Dumfries) Limited

McCartney (Dumfries) Limited (Registered number: SC139555)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McCartney (Dumfries) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: W J Hewitson





REGISTERED OFFICE: The Hollies
Peatford
Lockerbie
DG11 1BJ





REGISTERED NUMBER: SC139555 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

McCartney (Dumfries) Limited (Registered number: SC139555)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,200 2,400
Tangible assets 5 181,087 220,755
182,287 223,155

CURRENT ASSETS
Stocks 21,558 10,939
Debtors 6 112,225 106,780
Cash at bank 373,283 296,646
507,066 414,365
CREDITORS
Amounts falling due within one year 7 (109,528 ) (60,460 )
NET CURRENT ASSETS 397,538 353,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,825

577,060

PROVISIONS FOR LIABILITIES (39,065 ) (48,586 )
NET ASSETS 540,760 528,474

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 540,758 528,472
540,760 528,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

McCartney (Dumfries) Limited (Registered number: SC139555)

Balance Sheet - continued
31 August 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





W J Hewitson - Director


McCartney (Dumfries) Limited (Registered number: SC139555)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

McCartney (Dumfries) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty five years.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash at bank and in hand.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.


McCartney (Dumfries) Limited (Registered number: SC139555)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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 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.

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 19 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 30,002
AMORTISATION
At 1 September 2023 27,602
Charge for year 1,200
At 31 August 2024 28,802
NET BOOK VALUE
At 31 August 2024 1,200
At 31 August 2023 2,400

McCartney (Dumfries) Limited (Registered number: SC139555)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 453,893 242,288 696,181
DEPRECIATION
At 1 September 2023 298,691 176,735 475,426
Charge for year 23,280 16,388 39,668
At 31 August 2024 321,971 193,123 515,094
NET BOOK VALUE
At 31 August 2024 131,922 49,165 181,087
At 31 August 2023 155,202 65,553 220,755

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 112,225 106,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 29,964 23,045
Taxation and social security 24,426 4,281
Other creditors 55,138 33,134
109,528 60,460