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REGISTERED NUMBER: SC270454 (Scotland)










Financial Statements

For The Year Ended 31 October 2024

for

Arbuckle Mclean Limited

Arbuckle Mclean Limited (Registered number: SC270454)

Contents of the Financial Statements
For The Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arbuckle Mclean Limited

Company Information
For The Year Ended 31 October 2024







DIRECTOR: J Arbuckle





REGISTERED OFFICE: 15 Avonhead Avenue
Condorrat
Cumbernauld
G67 4RB





REGISTERED NUMBER: SC270454 (Scotland)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

Arbuckle Mclean Limited (Registered number: SC270454)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 776,025 914,413

CURRENT ASSETS
Stocks 121,197 128,122
Debtors 5 143,397 119,692
Cash at bank 227,909 331,979
492,503 579,793
CREDITORS
Amounts falling due within one year 6 503,826 312,206
NET CURRENT (LIABILITIES)/ASSETS (11,323 ) 267,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,702

1,182,000

CREDITORS
Amounts falling due after more than one
year

7

(57,547

)

(122,399

)

PROVISIONS FOR LIABILITIES (125,256 ) (121,488 )
NET ASSETS 581,899 938,113

CAPITAL AND RESERVES
Called up share capital 1 2
Capital redemption reserve 1 -
Retained earnings 581,897 938,111
SHAREHOLDERS' FUNDS 581,899 938,113

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

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

Arbuckle Mclean Limited (Registered number: SC270454)

Balance Sheet - continued
31 October 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 July 2025 and were signed by:





J Arbuckle - Director


Arbuckle Mclean Limited (Registered number: SC270454)

Notes to the Financial Statements
For The Year Ended 31 October 2024


1. STATUTORY INFORMATION

Arbuckle Mclean 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 as modified by the revaluation of certain assets.

The company's presentational currency is pounds sterling.
Information on the impact of first time adoption of FRS 102 is given in the notes to the accounts.

Significant judgements and estimates
The preparation of financial information in compliance with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

The directors have identified the following areas which give rise to estimation uncertainty:

1) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and any residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation and maintenance programmes are taken into account.

Turnover
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 value added tax and any other sales taxes The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from agreement to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the agreement.

Arbuckle Mclean Limited (Registered number: SC270454)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued

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.
Freehold property - 2% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

The company adds to the carrying amount of an item of fixed asset the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the
company. Any carrying amount of the replaced part is written off. Repairs and maintenance are charged to
the profit and loss during the year in which they are incurred except for any parts unused at the year end.
Asset residual values, useful lives and depreciation methods of relevant assets are reviewed, and adjusted
prospectively if appropriate. Gains and losses on disposals are determined by comparing the proceeds with
the carrying amount and recognised in the profit and loss during the year of disposal.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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.

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.

Arbuckle Mclean Limited (Registered number: SC270454)

Notes to the Financial Statements - continued
For The Year Ended 31 October 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.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, directors' loans and forward currency contracts (derivatives).

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Forward currency contracts are derivative financial instruments. They are measured at fair value. Gains and losses arising from changes in the fair value of derivative financial instruments are included in the profit or loss in the period in which they arise.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

Other items
Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Holiday pay
A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Arbuckle Mclean Limited (Registered number: SC270454)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 November 2023 275,000 1,782 175,588
Additions - - -
Disposals - - -
At 31 October 2024 275,000 1,782 175,588
DEPRECIATION
At 1 November 2023 - 1,091 112,319
Charge for year - 69 12,390
Eliminated on disposal - - -
At 31 October 2024 - 1,160 124,709
NET BOOK VALUE
At 31 October 2024 275,000 622 50,879
At 31 October 2023 275,000 691 63,269

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 1,002,429 3,106 1,457,905
Additions 36,990 - 36,990
Disposals (260,620 ) - (260,620 )
At 31 October 2024 778,799 3,106 1,234,275
DEPRECIATION
At 1 November 2023 427,759 2,323 543,492
Charge for year 101,632 190 114,281
Eliminated on disposal (199,523 ) - (199,523 )
At 31 October 2024 329,868 2,513 458,250
NET BOOK VALUE
At 31 October 2024 448,931 593 776,025
At 31 October 2023 574,670 783 914,413

Arbuckle Mclean Limited (Registered number: SC270454)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS - continued

Freehold property was valued on an open market basis on 9th June 2010 by
Shepherd Chartered Surveyors at an open market value of £275,000.. This valuation was used as a basis for cost on transition to FRS102. The original cost of property prior to revaluation amounted to £538,042.

No depreciation is provided on freehold properties. It is the company's practice to maintain these assets in a continual state of sound repair and extend and make improvements thereto from time to time and accordingly the Directors consider that the lives of these assets are so long, and residual values (based on prices prevailing at the time of the acquisition or subsequent valuation) are so high, that their depreciation is insignificant. Any permanent diminution in the value of such properties is charged to the profit and loss account as appropriate.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 November 2023 488,759
Disposals (52,275 )
At 31 October 2024 436,484
DEPRECIATION
At 1 November 2023 195,538
Charge for year 53,673
Eliminated on disposal (22,150 )
At 31 October 2024 227,061
NET BOOK VALUE
At 31 October 2024 209,423
At 31 October 2023 293,221

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,575 51,759
Other debtors 96,822 67,933
143,397 119,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 46,028 71,624
Trade creditors 108,639 130,665
Taxation and social security 277,085 93,329
Other creditors 62,074 6,588
503,826 312,206

Arbuckle Mclean Limited (Registered number: SC270454)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,466 16,541
Hire purchase contracts 51,081 105,858
57,547 122,399

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 16,466 26,541
Hire purchase contracts 97,109 177,482
113,575 204,023

The Bounce Back bank loan is supported by a 100% guarantee from the UK Government.

Hire purchase creditors are secured against the assets concerned.

9. RELATED PARTY DISCLOSURES

Ultimate Controlling Party


In the opinion of the directors there is no ultimate controlling party.