| Maitland Motors Ltd |
| Registered number: |
SC851129 |
| Balance Sheet |
| as at 30 June 2026 |
|
| Notes |
|
|
2026 |
|
| £ |
|
| Fixed assets |
| Tangible assets |
3 |
|
|
41,680 |
|
| Current assets |
| Cash at bank and in hand |
|
|
16,468 |
|
| Creditors: amounts falling due within one year |
4 |
|
(18,708) |
|
| Net current (liabilities)/assets |
|
|
|
(2,240) |
|
|
| Total assets less current liabilities |
|
|
|
39,440 |
|
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(36,111) |
|
|
|
| Net assets |
|
|
|
3,329 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
| Profit and loss account |
|
|
|
3,229 |
|
| Shareholders' funds |
|
|
|
3,329 |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| R Maitland |
| Director |
| Approved by the board on 30 September 2026 |
|
| Maitland Motors Ltd |
| Notes to the Accounts |
| for the period from 4 June 2025 to 30 June 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax asset is recognised in respect of a tax loss that can be carried forwards to future trading profits, where available. |
|
|
| 2 |
Employees |
2026 |
|
| Number |
|
|
|
Average number of persons employed by the company |
5 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
Additions |
17,301 |
|
30,979 |
|
1,595 |
|
49,875 |
|
At 30 June 2026 |
17,301 |
|
30,979 |
|
1,595 |
|
49,875 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
2,375 |
|
5,421 |
|
399 |
|
8,195 |
|
At 30 June 2026 |
2,375 |
|
5,421 |
|
399 |
|
8,195 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2026 |
14,926 |
|
25,558 |
|
1,196 |
|
41,680 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2026 |
|
| £ |
|
|
|
Trade creditors |
918 |
|
Taxation and social security costs |
16,771 |
|
Other creditors |
1,019 |
|
|
|
|
|
|
18,708 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2026 |
|
| £ |
|
|
|
Bank loans |
36,111 |
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Maitland Motors Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
Broomhill Garage |
|
Manse Lane |
|
Burntisland |
|
Fife |
|
KY3 0BJ |