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REGISTERED NUMBER: SC649464 (Scotland)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

Macbeth Joinery Limited

Macbeth Joinery Limited (Registered number: SC649464)

Contents of the Financial Statements
for the year ended 31st December 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Macbeth Joinery Limited

Company Information
for the year ended 31st December 2024







Director: S L MacBeth





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC649464 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Macbeth Joinery Limited


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 Macbeth Joinery Limited for the year ended 31st December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Macbeth Joinery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Macbeth Joinery Limited and state those matters that we have agreed to state to the director of Macbeth Joinery Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. 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 Macbeth Joinery 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 Macbeth Joinery Limited. You consider that Macbeth Joinery 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 Macbeth Joinery 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.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


5th June 2025

Macbeth Joinery Limited (Registered number: SC649464)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 3,832 3,626
Tangible assets 5 271,308 202,708
275,140 206,334

Current assets
Stocks 80,943 59,410
Debtors 6 32,237 129,655
Cash at bank 161,876 97,330
275,056 286,395
Creditors
Amounts falling due within one year 7 167,084 118,101
Net current assets 107,972 168,294
Total assets less current liabilities 383,112 374,628

Creditors
Amounts falling due after more than one
year

8

(131,087

)

(97,956

)

Provisions for liabilities (53,176 ) (45,569 )
Net assets 198,849 231,103

Capital and reserves
Called up share capital 100 100
Retained earnings 198,749 231,003
198,849 231,103

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

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

Macbeth Joinery Limited (Registered number: SC649464)

Balance Sheet - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th June 2025 and were signed by:





S L MacBeth - Director


Macbeth Joinery Limited (Registered number: SC649464)

Notes to the Financial Statements
for the year ended 31st December 2024


1. Statutory information

Macbeth Joinery 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.

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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Macbeth Joinery Limited (Registered number: SC649464)

Notes to the Financial Statements - continued
for the year ended 31st 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
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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 12 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st January 2024 3,817
Additions 418
At 31st December 2024 4,235
Amortisation
At 1st January 2024 191
Charge for year 212
At 31st December 2024 403
Net book value
At 31st December 2024 3,832
At 31st December 2023 3,626

Macbeth Joinery Limited (Registered number: SC649464)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


5. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1st January 2024 97,615 251,870 349,485
Additions 93,087 61,339 154,426
Disposals (4,660 ) (29,791 ) (34,451 )
At 31st December 2024 186,042 283,418 469,460
Depreciation
At 1st January 2024 28,196 118,581 146,777
Charge for year 23,782 45,515 69,297
Eliminated on disposal (699 ) (17,223 ) (17,922 )
At 31st December 2024 51,279 146,873 198,152
Net book value
At 31st December 2024 134,763 136,545 271,308
At 31st December 2023 69,419 133,289 202,708

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 10,523 33,265
Other debtors 21,714 96,390
32,237 129,655

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 77,121 33,135
Taxation and social security 8,703 29,363
Other creditors 81,260 55,603
167,084 118,101

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 131,087 97,956

Macbeth Joinery Limited (Registered number: SC649464)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase 193,676 130,570

The hire purchase creditor above are secured against the asset to which they relate to.

10. Director's advances, credits and guarantees

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

2024 2023
£    £   
S L MacBeth
Balance outstanding at start of year 29,487 13,539
Amounts advanced 105,958 77,415
Amounts repaid (136,223 ) (61,467 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (778 ) 29,487