0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 6,276 4,123 716 4,839 1,437 2,153 6 6 6 xbrli:pure xbrli:shares iso4217:GBP SC344550 2024-01-01 2024-12-31 SC344550 2024-12-31 SC344550 2023-12-31 SC344550 2023-01-01 2023-12-31 SC344550 2023-12-31 SC344550 2022-12-31 SC344550 bus:Director1 2024-01-01 2024-12-31 SC344550 core:WithinOneYear 2024-12-31 SC344550 core:WithinOneYear 2023-12-31 SC344550 core:ShareCapital 2024-12-31 SC344550 core:ShareCapital 2023-12-31 SC344550 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC344550 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC344550 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 SC344550 core:Non-currentFinancialInstruments 2024-12-31 SC344550 core:Non-currentFinancialInstruments 2023-12-31 SC344550 bus:SmallEntities 2024-01-01 2024-12-31 SC344550 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC344550 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC344550 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC344550 bus:FullAccounts 2024-01-01 2024-12-31 SC344550 core:OfficeEquipment 2024-01-01 2024-12-31 SC344550 core:OfficeEquipment 2024-12-31 SC344550 core:OfficeEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: SC344550
MacWind Limited
Filleted Unaudited Financial Statements
31 December 2024
MacWind Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
1,437
2,153
Investments
5
6
6
-------
-------
1,443
2,159
Current assets
Debtors
6
558,191
500,024
Cash at bank and in hand
88,414
224,603
---------
---------
646,605
724,627
Creditors: amounts falling due within one year
7
311,453
124,820
---------
---------
Net current assets
335,152
599,807
---------
---------
Total assets less current liabilities
336,595
601,966
---------
---------
Net assets
336,595
601,966
---------
---------
Capital and reserves
Called up share capital
4,000
4,000
Profit and loss account
332,595
597,966
---------
---------
Shareholders funds
336,595
601,966
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MacWind Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
Mr D Cameron
Director
Company registration number: SC344550
MacWind Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Westertown, Rothienorman, Inverurie, AB51 8US.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Basic financial instruments are initially recognised at the transaction price. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
4. Tangible assets
Equipment
£
Cost
At 1 January 2024 and 31 December 2024
6,276
-------
Depreciation
At 1 January 2024
4,123
Charge for the year
716
-------
At 31 December 2024
4,839
-------
Carrying amount
At 31 December 2024
1,437
-------
At 31 December 2023
2,153
-------
5. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
6
----
Impairment
At 1 January 2024 and 31 December 2024
----
Carrying amount
At 31 December 2024
6
----
At 31 December 2023
6
----
6. Debtors
2024
2023
£
£
Trade debtors
12,420
Amounts owed by group undertakings
472,202
408,022
Other debtors
85,989
79,582
---------
---------
558,191
500,024
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
143,999
Amounts owed to group undertakings
58,680
58,679
Accruals and deferred income
1,000
1,000
Corporation tax
75,174
32,541
Director loan accounts
32,600
32,600
---------
---------
311,453
124,820
---------
---------