IRIS Accounts Production v25.2.0.378 SC488888 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4888882023-10-31SC4888882024-10-31SC4888882023-11-012024-10-31SC4888882022-10-31SC4888882022-11-012023-10-31SC4888882023-10-31SC488888ns15:Scotland2023-11-012024-10-31SC488888ns14:PoundSterling2023-11-012024-10-31SC488888ns10:Director12023-11-012024-10-31SC488888ns10:PrivateLimitedCompanyLtd2023-11-012024-10-31SC488888ns10:SmallEntities2023-11-012024-10-31SC488888ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-31SC488888ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-31SC488888ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC488888ns10:FullAccounts2023-11-012024-10-31SC488888ns10:Director22023-11-012024-10-31SC488888ns10:RegisteredOffice2023-11-012024-10-31SC488888ns5:CurrentFinancialInstruments2024-10-31SC488888ns5:CurrentFinancialInstruments2023-10-31SC488888ns5:Non-currentFinancialInstruments2024-10-31SC488888ns5:Non-currentFinancialInstruments2023-10-31SC488888ns5:ShareCapital2024-10-31SC488888ns5:ShareCapital2023-10-31SC488888ns5:RetainedEarningsAccumulatedLosses2024-10-31SC488888ns5:RetainedEarningsAccumulatedLosses2023-10-31SC488888ns5:PlantMachinery2023-11-012024-10-31SC488888ns5:FurnitureFittings2023-10-31SC488888ns5:MotorVehicles2023-10-31SC488888ns5:ComputerEquipment2023-10-31SC488888ns5:FurnitureFittings2023-11-012024-10-31SC488888ns5:MotorVehicles2023-11-012024-10-31SC488888ns5:ComputerEquipment2023-11-012024-10-31SC488888ns5:FurnitureFittings2024-10-31SC488888ns5:MotorVehicles2024-10-31SC488888ns5:ComputerEquipment2024-10-31SC488888ns5:FurnitureFittings2023-10-31SC488888ns5:MotorVehicles2023-10-31SC488888ns5:ComputerEquipment2023-10-31SC488888ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC488888ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31SC488888ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-10-31SC488888ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-31
REGISTERED NUMBER: SC488888 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MCLAREN & MCKECHNIE LIMITED

MCLAREN & MCKECHNIE LIMITED (REGISTERED NUMBER: SC488888)

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


MCLAREN & MCKECHNIE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: A McLaren
Mrs N McLaren



REGISTERED OFFICE: 2 Rockbank Place
Hardgate
CLYDEBANK
G81 5NZ



REGISTERED NUMBER: SC488888 (Scotland)



ACCOUNTANTS: Callanders Limited
Chartered Accountants
53 High Street
Dumbarton
G82 1LS



BANKERS: The Royal Bank of Scotland plc
30 Sylvania Way
Clydebank
G81 1TS

MCLAREN & MCKECHNIE LIMITED (REGISTERED NUMBER: SC488888)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,507 44,680

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 5 95,311 94,603
Cash at bank 462 6,410
107,773 113,013
CREDITORS
Amounts falling due within one year 6 65,918 59,686
NET CURRENT ASSETS 41,855 53,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,362

98,007

CREDITORS
Amounts falling due after more than one
year

7

(25,141

)

(29,441

)

PROVISIONS FOR LIABILITIES (8,377 ) (11,170 )
NET ASSETS 41,844 57,396

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,744 57,296
SHAREHOLDERS' FUNDS 41,844 57,396

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 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.

MCLAREN & MCKECHNIE LIMITED (REGISTERED NUMBER: SC488888)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





A McLaren - Director


MCLAREN & MCKECHNIE LIMITED (REGISTERED NUMBER: SC488888)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

McLaren & McKechnie 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 represents income arising from provision of optician services and sales of spectacles and contact lenses, exclusive of value added tax.

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 etc - 33% on cost and 25% on reducing balance

Stocks
Stocks 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 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.

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.

MCLAREN & MCKECHNIE LIMITED (REGISTERED NUMBER: SC488888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 59,475 34,357 1,582 95,414
DEPRECIATION
At 1 November 2023 40,567 8,589 1,578 50,734
Charge for year 4,727 6,442 4 11,173
At 31 October 2024 45,294 15,031 1,582 61,907
NET BOOK VALUE
At 31 October 2024 14,181 19,326 - 33,507
At 31 October 2023 18,908 25,768 4 44,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,959 10,947
Other debtors 85,352 83,656
95,311 94,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 123
Other loans 13,912 16,682
Trade creditors 4,997 5,767
Tax 17,550 9,311
Social security and other taxes - 204
Accrued expenses 29,459 27,599
65,918 59,686

MCLAREN & MCKECHNIE LIMITED (REGISTERED NUMBER: SC488888)

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
£    £   
Other loans - 1-2 years 25,141 29,441