Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282025-05-09falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2024-03-01Coffee shop9true10false SC677693 2024-03-01 2025-02-28 SC677693 2023-03-01 2024-02-29 SC677693 2025-02-28 SC677693 2024-02-29 SC677693 c:Director1 2024-03-01 2025-02-28 SC677693 c:RegisteredOffice 2024-03-01 2025-02-28 SC677693 d:PlantMachinery 2024-03-01 2025-02-28 SC677693 d:PlantMachinery 2025-02-28 SC677693 d:PlantMachinery 2024-02-29 SC677693 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC677693 d:CurrentFinancialInstruments 2025-02-28 SC677693 d:CurrentFinancialInstruments 2024-02-29 SC677693 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 SC677693 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC677693 d:ShareCapital 2025-02-28 SC677693 d:ShareCapital 2024-02-29 SC677693 d:RetainedEarningsAccumulatedLosses 2025-02-28 SC677693 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC677693 c:OrdinaryShareClass1 2024-03-01 2025-02-28 SC677693 c:OrdinaryShareClass1 2025-02-28 SC677693 c:OrdinaryShareClass1 2024-02-29 SC677693 c:FRS102 2024-03-01 2025-02-28 SC677693 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC677693 c:FullAccounts 2024-03-01 2025-02-28 SC677693 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC677693 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC677693










MCINTOSH SHEPHERD LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

 
MCINTOSH SHEPHERD LIMITED
 

COMPANY INFORMATION


Director
Mr N McIntosh 




Registered number
SC677693



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
MCINTOSH SHEPHERD LIMITED
REGISTERED NUMBER: SC677693

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
£
£

Fixed assets
  

Tangible assets
 4 
4,621
4,812

  
4,621
4,812

Current assets
  

Stocks
  
450
450

Debtors: amounts falling due within one year
 5 
1,172
-

Cash at bank and in hand
  
41,793
51,249

  
43,415
51,699

Creditors: amounts falling due within one year
 6 
(17,254)
(16,696)

Net current assets
  
 
 
26,161
 
 
35,003

Total assets less current liabilities
  
30,782
39,815

Provisions for liabilities
  

Deferred tax
  
(1,155)
(1,203)

  
 
 
(1,155)
 
 
(1,203)

Net assets
  
29,627
38,612


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
29,527
38,512

  
29,627
38,612


Page 1

 
MCINTOSH SHEPHERD LIMITED
REGISTERED NUMBER: SC677693

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 May 2025.




Mr N McIntosh
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MCINTOSH SHEPHERD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

1.


General information

McIntosh Shepherd Limited is a limited company incorporated in Scotland with the registration number SC677693. The registered office is 14 City Quay, Dundee, DD1 3JA. The principle place of business is 124 Seagate, Dundee, DD1 2HB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MCINTOSH SHEPHERD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MCINTOSH SHEPHERD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 9 (2024 - 10).

Page 5

 
MCINTOSH SHEPHERD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


At 1 March 2024
12,454


Additions
1,350



At 28 February 2025

13,804



Depreciation


At 1 March 2024
7,642


Charge for the period on owned assets
1,541



At 28 February 2025

9,183



Net book value



At 28 February 2025
4,621


5.


Debtors

28 February
29 February
2025
2024
£
£


Other debtors
721
-

Prepayments and accrued income
451
-

1,172
-



6.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Trade creditors
-
473

Accruals and deferred income
3,273
2,650

Other taxation and social security
13,770
13,189

Other creditors
211
384

17,254
16,696


Page 6

 
MCINTOSH SHEPHERD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

7.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



Page 7