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REGISTERED NUMBER: SC311555 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ROSS MCLELLAND & COMPANY LIMITED

ROSS MCLELLAND & COMPANY LIMITED (REGISTERED NUMBER: SC311555)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 9

ROSS MCLELLAND & COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: R McLelland





REGISTERED OFFICE: 1 Waverley Place
Aberdeen
AB10 1XH





REGISTERED NUMBER: SC311555 (Scotland)





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

ROSS MCLELLAND & COMPANY LIMITED (REGISTERED NUMBER: SC311555)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,700 23,480
Tangible assets 5 149,316 160,781
161,016 184,261

CURRENT ASSETS
Stocks 2,628 3,824
Debtors 6 1,180 85
Cash at bank and in hand 188 8,174
3,996 12,083
CREDITORS
Amounts falling due within one year 7 43,881 36,585
NET CURRENT LIABILITIES (39,885 ) (24,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,131

159,759

CREDITORS
Amounts falling due after more than one year 8 (69,762 ) (82,787 )

PROVISIONS FOR LIABILITIES 12 (9,186 ) -
NET ASSETS 42,183 76,972

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,083 76,872
SHAREHOLDERS' FUNDS 42,183 76,972

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.

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 17 June 2025 and were signed by:




R McLelland - Director


ROSS MCLELLAND & COMPANY LIMITED (REGISTERED NUMBER: SC311555)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Ross McLelland & Company 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 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 15% on reducing balance and Straight line over 25 years
Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% on cost

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
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

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.

ROSS MCLELLAND & COMPANY LIMITED (REGISTERED NUMBER: SC311555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 January 2024 117,000 80 117,080
Disposals - (80 ) (80 )
At 31 December 2024 117,000 - 117,000
AMORTISATION
At 1 January 2024 93,600 - 93,600
Amortisation for year 11,700 - 11,700
At 31 December 2024 105,300 - 105,300
NET BOOK VALUE
At 31 December 2024 11,700 - 11,700
At 31 December 2023 23,400 80 23,480

ROSS MCLELLAND & COMPANY LIMITED (REGISTERED NUMBER: SC311555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 122,676 232,633 - 355,309
Additions - 5,119 150 5,269
Disposals - (13,162 ) - (13,162 )
At 31 December 2024 122,676 224,590 150 347,416
DEPRECIATION
At 1 January 2024 5,207 189,321 - 194,528
Charge for year 4,896 11,088 25 16,009
Eliminated on disposal - (12,437 ) - (12,437 )
At 31 December 2024 10,103 187,972 25 198,100
NET BOOK VALUE
At 31 December 2024 112,573 36,618 125 149,316
At 31 December 2023 117,469 43,312 - 160,781

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024 50,971
Additions 4,800
Disposals (11,136 )
Transfer to ownership (3,877 )
At 31 December 2024 40,758
DEPRECIATION
At 1 January 2024 32,780
Charge for year 7,173
Eliminated on disposal (10,445 )
Transfer to ownership (13,576 )
At 31 December 2024 15,932
NET BOOK VALUE
At 31 December 2024 24,826
At 31 December 2023 18,191

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,180 85

ROSS MCLELLAND & COMPANY LIMITED (REGISTERED NUMBER: SC311555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 11,887 8,418
Hire purchase contracts (see note 10) 8,585 7,013
Trade creditors 910 568
Tax 6,345 2,175
Social security and other taxes (3,807 ) (287 )
Other creditors 27 -
Directors' current accounts 19,934 18,416
Accrued expenses - 282
43,881 36,585

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 50,322 59,449
Hire purchase contracts (see note 10) 19,440 23,338
69,762 82,787

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,879 8,218

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,907 -
Bank loan 8,980 8,418
11,887 8,418

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,504 8,990

Amounts falling due between two and five years:
Bank loans - 2-5 years 31,939 42,241

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,879 8,218

ROSS MCLELLAND & COMPANY LIMITED (REGISTERED NUMBER: SC311555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,585 7,013
Between one and five years 19,440 23,338
28,025 30,351

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,208 1,604
Between one and five years 5,079 8,020
8,287 9,624

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Business Term Loan 46,048 52,167

The company has granted a bond and floating charge in favour of Bank of Scotland PLC over all current and future undertakings of the company.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,186 -

Deferred
tax
£   
Movement 9,186
Balance at 31 December 2024 9,186

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
R McLelland
Balance outstanding at start of year (18,416 ) (18,827 )
Amounts advanced - 723
Amounts repaid (1,518 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,934 ) (18,416 )

ROSS MCLELLAND & COMPANY LIMITED (REGISTERED NUMBER: SC311555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

These amounts bear no interest and have no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROSS MCLELLAND & COMPANY LIMITED (REGISTERED NUMBER: SC311555)

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 Ross McLelland & Company Limited for the year ended 31 December 2024 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 Ross McLelland & Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ross McLelland & Company Limited and state those matters that we have agreed to state to the director of Ross McLelland & Company Limited 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 Ross McLelland & Company Limited 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 Ross McLelland & Company Limited. You consider that Ross McLelland & Company Limited 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 Ross McLelland & Company Limited. 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


17 June 2025