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REGISTERED NUMBER: SC122689 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

MacAulay Askernish Ltd.

MacAulay Askernish Ltd. (Registered number: SC122689)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MacAulay Askernish Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr Alistair MacAulay
Mr Stephen MacAulay
Mr Donald John MacAulay





SECRETARY: Morag Ann MacAulay





REGISTERED OFFICE: Hillside Garage
Lochboisdale
South Uist
HS8 5TH





REGISTERED NUMBER: SC122689 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

MacAulay Askernish Ltd. (Registered number: SC122689)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,929,628 1,391,733
Investments 5 12,000 -
1,941,628 1,391,733

CURRENT ASSETS
Stock - 14,000
Debtors 6 1,334,935 1,848,162
Cash at bank and in hand 3,190,054 605,042
4,524,989 2,467,204
CREDITORS
Amounts falling due within one year 7 1,195,291 584,120
NET CURRENT ASSETS 3,329,698 1,883,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,271,326

3,274,817

CREDITORS
Amounts falling due after more than one
year

8

-

(22,588

)

PROVISIONS FOR LIABILITIES 11 (427,990 ) (332,317 )
NET ASSETS 4,843,336 2,919,912

MacAulay Askernish Ltd. (Registered number: SC122689)

Balance Sheet - continued
31 December 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 4,842,336 2,918,912
SHAREHOLDERS' FUNDS 4,843,336 2,919,912

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

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

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mr Alistair MacAulay - Director


MacAulay Askernish Ltd. (Registered number: SC122689)

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

1. STATUTORY INFORMATION

MacAulay Askernish Ltd. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Heritable property - 5% on cost
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stock 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, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MacAulay Askernish Ltd. (Registered number: SC122689)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Grants receivable in respect of capital expenditure are being written off evenly over the useful life of the fixed assets acquired.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2023 - 54 ) .

MacAulay Askernish Ltd. (Registered number: SC122689)

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

4. TANGIBLE FIXED ASSETS
Heritable Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 287,748 2,948,985 347,097 1,238 3,585,068
Additions - 915,915 218,413 - 1,134,328
Disposals - (338,486 ) (6,505 ) - (344,991 )
At 31 December 2024 287,748 3,526,414 559,005 1,238 4,374,405
DEPRECIATION
At 1 January 2024 86,171 1,903,616 202,618 930 2,193,335
Charge for year 11,199 485,127 90,633 308 587,267
Eliminated on disposal - (329,686 ) (6,139 ) - (335,825 )
At 31 December 2024 97,370 2,059,057 287,112 1,238 2,444,777
NET BOOK VALUE
At 31 December 2024 190,378 1,467,357 271,893 - 1,929,628
At 31 December 2023 201,577 1,045,369 144,479 308 1,391,733

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 349,908
DEPRECIATION
At 1 January 2024 218,594
Charge for year 36,000
At 31 December 2024 254,594
NET BOOK VALUE
At 31 December 2024 95,314
At 31 December 2023 131,314

MacAulay Askernish Ltd. (Registered number: SC122689)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 12,000
At 31 December 2024 12,000
NET BOOK VALUE
At 31 December 2024 12,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,192,242 1,753,187
Other debtors 142,693 94,975
1,334,935 1,848,162

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 22,588 56,687
Trade creditors 567,236 303,390
Taxation and social security 553,682 171,866
Other creditors 51,785 52,177
1,195,291 584,120

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 22,588

MacAulay Askernish Ltd. (Registered number: SC122689)

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

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 22,588 56,687
Between one and five years - 22,588
22,588 79,275

Non-cancellable operating leases
2024 2023
£    £   
Within one year 30,598 56,687
Between one and five years - 22,588
30,598 79,275

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 22,588 79,275

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 427,990 332,317

Deferred
tax
£   
Balance at 1 January 2024 332,317
Provided during year 95,673
Balance at 31 December 2024 427,990

MacAulay Askernish Ltd. (Registered number: SC122689)

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

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

13. LEASE OF ASKERNISH QUARRY, LOCHBOISDALE

The company owns the lease to Askernish Quarry, Lochboisdale. In the opinion of the directors this lease has a substantial value which is not reflected in the financial statements.