Mackie Motors (Brechin) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC067133 (Scotland)

Financial Statements

for the Year Ended

31st December 2024

for

Mackie Motors (Brechin) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J G Mackie

K J Mackie

SECRETARY:

Mrs J G Mackie

REGISTERED OFFICE:

58 Long Lane

Broughty Ferry

Dundee

DD5 1HH

REGISTERED NUMBER:

SC067133 (Scotland)

FIXED ASSETS

Investments

4

818,828

822,632

Investment property

5

566,832

1,385,660

1,389,464

CURRENT ASSETS

Debtors

6

4,419,991

4,887,737

Cash at bank

6

-

4,419,997

4,887,737

CREDITORS

Amounts falling due within one year

7

2,746,340

3,047,472

NET CURRENT ASSETS

1,673,657

1,840,265

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,059,317

3,229,729

PROVISIONS FOR LIABILITIES

62,200

218,512

NET ASSETS

2,997,117

3,011,217

CAPITAL AND RESERVES

Called up share capital

18,000

Capital redemption reserve

87,000

Retained earnings

2,892,117

2,906,217

2,997,117

3,011,217

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

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

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 30th September 2025 and were signed on its behalf by:

K J Mackie - Director

Mrs J G Mackie - Director

1.	STATUTORY INFORMATION

Mackie Motors (Brechin) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Interest

in other

in

participating

associate

interests

Totals

£

COST

At 1st January 2024

283,059

539,573

822,632

Disposals

-

(3,804

)

(3,804

)

At 31st December 2024

283,059

535,769

818,828

NET BOOK VALUE

At 31st December 2024

283,059

535,769

818,828

At 31st December 2023

283,059

539,573

822,632

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

566,832

NET BOOK VALUE

At 31st December 2024

566,832

At 31st December 2023

566,832

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

1,686,861

1,693,919

Other debtors

2,733,130

3,193,818

4,419,991

4,887,737

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

-

35

Trade creditors

2,117,214

2,083,624

Taxation and social security

(247

)

200

Other creditors

629,373

963,613

2,746,340

3,047,472