IRIS Accounts Production v25.1.3.33 SC583799 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5837992023-12-31SC5837992024-12-31SC5837992024-01-012024-12-31SC5837992022-12-31SC5837992023-01-012023-12-31SC5837992023-12-31SC583799ns15:Scotland2024-01-012024-12-31SC583799ns14:PoundSterling2024-01-012024-12-31SC583799ns10:Director12024-01-012024-12-31SC583799ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC583799ns10:SmallEntities2024-01-012024-12-31SC583799ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SC583799ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC583799ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC583799ns10:FullAccounts2024-01-012024-12-31SC583799ns10:RegisteredOffice2024-01-012024-12-31SC583799ns5:CurrentFinancialInstruments2024-12-31SC583799ns5:CurrentFinancialInstruments2023-12-31SC583799ns5:ShareCapital2024-12-31SC583799ns5:ShareCapital2023-12-31SC583799ns5:RetainedEarningsAccumulatedLosses2024-12-31SC583799ns5:RetainedEarningsAccumulatedLosses2023-12-31SC583799ns5:PlantMachinery2024-01-012024-12-31SC583799ns5:PlantMachinery2023-12-31SC583799ns5:PlantMachinery2024-12-31SC583799ns5:PlantMachinery2023-12-31SC583799ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31SC583799ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31SC583799ns5:CurrentFinancialInstruments2024-01-012024-12-31
REGISTERED NUMBER: SC583799 (Scotland)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

McPartland Decorators Limited

McPartland Decorators Limited (Registered number: SC583799)






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


McPartland Decorators Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: F McPartland



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC583799 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland
Haddington Branch
32 Court Street
Haddington
EH41 3NS

McPartland Decorators Limited (Registered number: SC583799)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,875 23,761

CURRENT ASSETS
Stocks 650 650
Debtors 5 4,500 -
Cash at bank 35,379 19,969
40,529 20,619
CREDITORS
Amounts falling due within one year 6 19,988 21,407
NET CURRENT ASSETS/(LIABILITIES) 20,541 (788 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,416

22,973

PROVISIONS FOR LIABILITIES 3,368 4,488
NET ASSETS 35,048 18,485

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,948 18,385
SHAREHOLDERS' FUNDS 35,048 18,485

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 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.

McPartland Decorators Limited (Registered number: SC583799)

Balance Sheet - continued
31 December 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 director and authorised for issue on 14 May 2025 and were signed by:





F McPartland - Director


McPartland Decorators Limited (Registered number: SC583799)

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

1. STATUTORY INFORMATION

McPartland Decorators 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 and revenue recognition
Turnover is in respect of decorating services and 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. All loans with related parties are repayable on demand.

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.


McPartland Decorators Limited (Registered number: SC583799)

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.

Pension costs and other post-retirement benefits
Contributions payable to the employees pension schemes are charged to profit or loss in the period to which they relate.

Provision for liability
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

McPartland Decorators Limited (Registered number: SC583799)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 42,642
Additions 1,130
Disposals (5,250 )
At 31 December 2024 38,522
DEPRECIATION
At 1 January 2024 18,881
Charge for year 6,082
Eliminated on disposal (4,316 )
At 31 December 2024 20,647
NET BOOK VALUE
At 31 December 2024 17,875
At 31 December 2023 23,761

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,500 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,111 2,384
Amounts owed to participating interests 950 2,568
Taxation and social security 14,396 14,093
Other creditors 2,531 2,362
19,988 21,407

Included in other creditors is a balance due on the director's current account. This balance is unsecured, interest-free, and repayable on demand.