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REGISTERED NUMBER: 06438836 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MACFARLANE CONCRETE PUMPING LTD

MACFARLANE CONCRETE PUMPING LTD (REGISTERED NUMBER: 06438836)

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


MACFARLANE CONCRETE PUMPING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: J T Macfarlane





SECRETARY: J T Macfarlane





REGISTERED OFFICE: Winsford Saw Mills
Smokehall Lane
Winsford
Cheshire
CW7 3BE





REGISTERED NUMBER: 06438836 (England and Wales)





ACCOUNTANTS: Michael Donnan & Co Limited
Oaktree Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP

MACFARLANE CONCRETE PUMPING LTD (REGISTERED NUMBER: 06438836)

BALANCE SHEET
30 NOVEMBER 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,076,054 2,263,344

CURRENT ASSETS
Stocks 85,100 87,100
Debtors 5 376,098 239,787
Cash at bank 20,743 38,604
481,941 365,491
CREDITORS
Amounts falling due within one year 6 1,204,525 1,084,034
NET CURRENT LIABILITIES (722,584 ) (718,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,353,470

1,544,801

CREDITORS
Amounts falling due after more than
one year

7

(1,114,377

)

(1,400,517

)

PROVISIONS FOR LIABILITIES (140,000 ) (90,000 )
NET ASSETS 99,093 54,284

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 99,091 54,282
SHAREHOLDERS' FUNDS 99,093 54,284

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 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.

MACFARLANE CONCRETE PUMPING LTD (REGISTERED NUMBER: 06438836)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 January 2025 and were signed by:





J T Macfarlane - Director


MACFARLANE CONCRETE PUMPING LTD (REGISTERED NUMBER: 06438836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Macfarlane Concrete Pumping Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Transactions are rounded to the nearest £.

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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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.
Improvements to property - 25% on reducing balance
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


MACFARLANE CONCRETE PUMPING LTD (REGISTERED NUMBER: 06438836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
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
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.

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.

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.

MACFARLANE CONCRETE PUMPING LTD (REGISTERED NUMBER: 06438836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 80,839 2,620,838 16,452
Additions - 8,626 -
Disposals - (14,786 ) -
At 30 November 2024 80,839 2,614,678 16,452
DEPRECIATION
At 1 December 2023 26,195 439,415 6,467
Charge for year 13,661 163,183 2,495
Eliminated on disposal - (3,915 ) -
At 30 November 2024 39,856 598,683 8,962
NET BOOK VALUE
At 30 November 2024 40,983 2,015,995 7,490
At 30 November 2023 54,644 2,181,423 9,985

MACFARLANE CONCRETE PUMPING LTD (REGISTERED NUMBER: 06438836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 65,576 11,101 2,794,806
Additions - - 8,626
Disposals - - (14,786 )
At 30 November 2024 65,576 11,101 2,788,646
DEPRECIATION
At 1 December 2023 50,685 8,700 531,462
Charge for year 4,914 792 185,045
Eliminated on disposal - - (3,915 )
At 30 November 2024 55,599 9,492 712,592
NET BOOK VALUE
At 30 November 2024 9,977 1,609 2,076,054
At 30 November 2023 14,891 2,401 2,263,344

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 2,489,995 37,251 2,527,246
Additions 6,126 - 6,126
Transfer to ownership - 28,325 28,325
At 30 November 2024 2,496,121 65,576 2,561,697
DEPRECIATION
At 1 December 2023 425,805 25,870 451,675
Charge for year 155,082 4,431 159,513
Transfer to ownership - 25,298 25,298
At 30 November 2024 580,887 55,599 636,486
NET BOOK VALUE
At 30 November 2024 1,915,234 9,977 1,925,211
At 30 November 2023 2,064,190 11,381 2,075,571

MACFARLANE CONCRETE PUMPING LTD (REGISTERED NUMBER: 06438836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 301,437 222,325
Tax 17,469 14,483
VAT 4,770 -
Prepayments and accrued income 52,422 2,979
376,098 239,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 405,321 453,860
Hire purchase contracts (see note 8)
523,540

473,656
Trade creditors 228,874 60,938
VAT - 16,350
Other creditors 14,249 14,351
Directors' current accounts 28,866 61,379
Accrued expenses 3,675 3,500
1,204,525 1,084,034

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 113,747 132,357
Bank loans - 2-5 years 176,770 194,263
Hire purchase contracts (see note 8)
701,460

1,018,897
Other creditors 122,400 55,000
1,114,377 1,400,517

The amount of total £10,069 (2023 - £55,122) included in creditors due within one year and after one year is subject to a UK Government guarantee. The facility is provided through the Coronavirus Business Interruption Scheme (CBILS), managed by the British Business Bank on Behalf and with the Financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The CBILS guarantee is provided to the lender.

MACFARLANE CONCRETE PUMPING LTD (REGISTERED NUMBER: 06438836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase
contracts
30/11/24 30/11/23
£    £   
Net obligations repayable:
Within one year 523,540 473,656
Between one and five years 701,460 1,018,897
1,225,000 1,492,553

Hire purchase contracts
The loan and hire purchase obligations are secured against motor vehicle and plant & machinery assets with a book value of £1,925,209.

Operating leases
At 30 November 2024, the company had total commitments under operating leases over the remaining life of those leases of £142,189 (2023 - £193,122). The commitments are due by:

£50,933 less than one year
£50,933 between one and two years
£40,322 between two and five years

There is a Break Clause available to exercise from 15 September 2024 on the total commitments whereby notice of a minimum of six months can be given to terminate the lease.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/24 30/11/23
value: £    £   
2 Ordinary 1 2 2

10. EXCEPTIONAL ITEMS

During the previous year, the company restructured its business operations and reduced the number of pumps included in the fleet. In doing so, an exceptional cost of £119,660 was incurred which relates to charges from early settlement of hire purchase agreements.