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REGISTERED NUMBER: SC552973 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MACKENZIE STUART GROUP LTD

MACKENZIE STUART GROUP LTD (REGISTERED NUMBER: SC552973)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

MACKENZIE STUART GROUP LTD

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTOR: A Stuart





REGISTERED OFFICE: Acumen Accountants and Advisors Limited
Bankhead Drive, City South Office Park
Portlethen
Aberdeen
AB12 4XX





REGISTERED NUMBER: SC552973 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

MACKENZIE STUART GROUP LTD (REGISTERED NUMBER: SC552973)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 162,323 94,871

CURRENT ASSETS
Stocks 221,842 222,802
Debtors 5 29,762 27,793
Cash at bank and in hand 183,591 113,813
435,195 364,408
CREDITORS
Amounts falling due within one year 6 169,487 238,451
NET CURRENT ASSETS 265,708 125,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,031

220,828

CREDITORS
Amounts falling due after more than one year 7 (105,646 ) (13,333 )

PROVISIONS FOR LIABILITIES (40,581 ) -
NET ASSETS 281,804 207,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 281,704 207,395
SHAREHOLDERS' FUNDS 281,804 207,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 director and authorised for issue on 28 May 2025 and were signed by:





A Stuart - Director


MACKENZIE STUART GROUP LTD (REGISTERED NUMBER: SC552973)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Mackenzie Stuart Group 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.

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.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% 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 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 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
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.

MACKENZIE STUART GROUP LTD (REGISTERED NUMBER: SC552973)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 4,587 24,015 149,533 11,804 189,939
Additions - 589 163,130 1,672 165,391
Disposals - - (149,533 ) (5,062 ) (154,595 )
At 31 January 2025 4,587 24,604 163,130 8,414 200,735
DEPRECIATION
At 1 February 2024 1,551 17,410 70,721 5,386 95,068
Charge for year 759 1,749 26,729 1,325 30,562
Eliminated on disposal - - (83,856 ) (3,362 ) (87,218 )
At 31 January 2025 2,310 19,159 13,594 3,349 38,412
NET BOOK VALUE
At 31 January 2025 2,277 5,445 149,536 5,065 162,323
At 31 January 2024 3,036 6,605 78,812 6,418 94,871

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024 149,533
Additions 163,130
Disposals (149,533 )
At 31 January 2025 163,130
DEPRECIATION
At 1 February 2024 70,721
Charge for year 26,729
Eliminated on disposal (83,856 )
At 31 January 2025 13,594
NET BOOK VALUE
At 31 January 2025 149,536
At 31 January 2024 78,812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 25,375 25,030
Prepayments 4,387 2,763
29,762 27,793

MACKENZIE STUART GROUP LTD (REGISTERED NUMBER: SC552973)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 22,885 99,435
Trade creditors 43,250 66,369
Tax 35,294 1,110
Social security and other taxes 4,014 3,257
VAT 19,176 27,994
Other creditors 28,765 25,436
Pension contributions payable 609 -
Directors' current accounts 499 -
Accrued expenses 4,995 4,850
169,487 238,451

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 3,333 10,000
Bank loans - 2-5 years - 3,333
Hire purchase contracts (see note 8) 102,313 -
105,646 13,333

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 22,885 99,435
Between one and five years 102,313 -
125,198 99,435

Non-cancellable operating leases
2025 2024
£    £   
Within one year 40,000 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
A Stuart
Balance outstanding at start of year - (165 )
Amounts advanced 9,947 165
Amounts repaid (10,446 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (499 ) -

The above loans are interest free and have no set repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MACKENZIE STUART GROUP LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mackenzie Stuart Group Ltd for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Mackenzie Stuart Group Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mackenzie Stuart Group Ltd and state those matters that we have agreed to state to the director of Mackenzie Stuart Group Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Mackenzie Stuart Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mackenzie Stuart Group Ltd. You consider that Mackenzie Stuart Group Ltd 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 financial statements of Mackenzie Stuart Group Ltd. 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 financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


28 May 2025