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REGISTERED NUMBER: SC178386 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Mcdade Travel Limited

Mcdade Travel Limited (Registered number: SC178386)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mcdade Travel Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A P J McDade
Mrs M McDade
A McDade





SECRETARY: Mrs M McDade





REGISTERED OFFICE: John Hendry Road
Bothwell Park Industrial Estate
Uddingston
Glasgow
G71 7EJ





REGISTERED NUMBER: SC178386 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Mcdade Travel Limited (Registered number: SC178386)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 993,102 704,316

CURRENT ASSETS
Debtors 5 193,283 139,510
Cash at bank and in hand 239,555 124,558
432,838 264,068
CREDITORS
Amounts falling due within one year 6 307,140 257,366
NET CURRENT ASSETS 125,698 6,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,118,800

711,018

CREDITORS
Amounts falling due after more than
one year

7

(296,922

)

(158,527

)

PROVISIONS FOR LIABILITIES (172,702 ) (90,370 )
NET ASSETS 649,176 462,121

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 649,170 462,115
649,176 462,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Mcdade Travel Limited (Registered number: SC178386)

Balance Sheet - continued
30 September 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 22 May 2025 and were signed on its behalf by:





A P J McDade - Director


Mcdade Travel Limited (Registered number: SC178386)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Mcdade Travel 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - not provided
Plant and machinery - 20% on cost and 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.


Mcdade Travel Limited (Registered number: SC178386)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 38 ) .

Mcdade Travel Limited (Registered number: SC178386)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 122,225 1,633,476 1,164,135 8,229 2,928,065
Additions - 13,249 491,450 - 504,699
Disposals - (58,350 ) - - (58,350 )
At 30 September 2024 122,225 1,588,375 1,655,585 8,229 3,374,414
DEPRECIATION
At 1 October 2023 - 1,621,481 597,606 4,662 2,223,749
Charge for year - 3,787 211,591 535 215,913
Eliminated on disposal - (58,350 ) - - (58,350 )
At 30 September 2024 - 1,566,918 809,197 5,197 2,381,312
NET BOOK VALUE
At 30 September 2024 122,225 21,457 846,388 3,032 993,102
At 30 September 2023 122,225 11,995 566,529 3,567 704,316

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 635,225
Additions 456,450
Transfer to ownership (25,775 )
At 30 September 2024 1,065,900
DEPRECIATION
At 1 October 2023 227,299
Charge for year 169,576
Transfer to ownership (9,280 )
At 30 September 2024 387,595
NET BOOK VALUE
At 30 September 2024 678,305
At 30 September 2023 407,926

Mcdade Travel Limited (Registered number: SC178386)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 66,786 57,909
Other debtors 5,000 -
VAT 121,497 81,601
193,283 139,510

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 9,760 36,503
Hire purchase contracts 259,061 132,114
Trade creditors 12,011 -
Corporation tax 3,407 -
Social security and other taxes 12,643 8,696
Other creditors 515 12,684
Directors' current accounts 6,833 59,754
Accrued expenses 2,910 7,615
307,140 257,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years - 9,830
Hire purchase contracts 296,922 148,697
296,922 158,527