IRIS Accounts Production v25.1.4.42 SC224608 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2246082023-11-30SC2246082024-11-30SC2246082023-12-012024-11-30SC2246082022-11-30SC2246082022-12-012023-11-30SC2246082023-11-30SC224608ns15:Scotland2023-12-012024-11-30SC224608ns14:PoundSterling2023-12-012024-11-30SC224608ns10:Director12023-12-012024-11-30SC224608ns10:PrivateLimitedCompanyLtd2023-12-012024-11-30SC224608ns10:SmallEntities2023-12-012024-11-30SC224608ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-30SC224608ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-30SC224608ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-30SC224608ns10:FullAccounts2023-12-012024-11-30SC224608ns10:Director22023-12-012024-11-30SC224608ns10:RegisteredOffice2023-12-012024-11-30SC224608ns5:CurrentFinancialInstruments2024-11-30SC224608ns5:CurrentFinancialInstruments2023-11-30SC224608ns5:ShareCapital2024-11-30SC224608ns5:ShareCapital2023-11-30SC224608ns5:RetainedEarningsAccumulatedLosses2024-11-30SC224608ns5:RetainedEarningsAccumulatedLosses2023-11-30SC224608ns5:PlantMachinery2023-12-012024-11-30SC224608ns5:MotorVehicles2023-12-012024-11-30SC224608ns5:ComputerEquipment2023-12-012024-11-30SC224608ns5:PlantMachinery2023-11-30SC224608ns5:MotorVehicles2023-11-30SC224608ns5:ComputerEquipment2023-11-30SC224608ns5:PlantMachinery2024-11-30SC224608ns5:MotorVehicles2024-11-30SC224608ns5:ComputerEquipment2024-11-30SC224608ns5:PlantMachinery2023-11-30SC224608ns5:MotorVehicles2023-11-30SC224608ns5:ComputerEquipment2023-11-30SC224608ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-30SC224608ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-11-30SC224608ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-30SC224608ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-30SC224608ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: SC224608 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

MacLeod & Noble Ltd.

MacLeod & Noble Ltd. (Registered number: SC224608)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MacLeod & Noble Ltd.

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr G K MacLeod
Mr M Noble





REGISTERED OFFICE: 22 Captain Gray Place
Peterhead
Aberdeenshire
AB42 1EZ





REGISTERED NUMBER: SC224608 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

MacLeod & Noble Ltd. (Registered number: SC224608)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,161 32,440

CURRENT ASSETS
Stocks and work in progress 2,000 2,000
Debtors 5 15,511 39,767
Cash at bank 104,737 91,266
122,248 133,033
CREDITORS
Amounts falling due within one year 6 32,399 32,926
NET CURRENT ASSETS 89,849 100,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,010

132,547

PROVISIONS FOR LIABILITIES 5,364 7,273
NET ASSETS 109,646 125,274

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 109,606 125,234
SHAREHOLDERS' FUNDS 109,646 125,274

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

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

MacLeod & Noble Ltd. (Registered number: SC224608)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





Mr G K MacLeod - Director


MacLeod & Noble Ltd. (Registered number: SC224608)

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

1. STATUTORY INFORMATION

MacLeod & Noble Ltd. 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks & work in progress
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.

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.

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
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.

MacLeod & Noble Ltd. (Registered number: SC224608)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 10,587 34,720 2,207 47,514
Additions 1,714 - - 1,714
Disposals (520 ) - - (520 )
At 30 November 2024 11,781 34,720 2,207 48,708
DEPRECIATION
At 1 December 2023 7,837 6,200 1,037 15,074
Charge for year 764 7,130 579 8,473
At 30 November 2024 8,601 13,330 1,616 23,547
NET BOOK VALUE
At 30 November 2024 3,180 21,390 591 25,161
At 30 November 2023 2,750 28,520 1,170 32,440

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023 10,725
Transfer to ownership (10,725 )
At 30 November 2024 -
DEPRECIATION
At 1 December 2023 6,200
Transfer to ownership (6,200 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 4,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 13,653 37,819
Other debtors 1,858 1,948
15,511 39,767

MacLeod & Noble Ltd. (Registered number: SC224608)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts - 1,833
Trade creditors 9,067 702
Taxation and social security 16,898 24,238
Other creditors 6,434 6,153
32,399 32,926