McAuley (Aberdeen) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC331465 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

McAuley (Aberdeen) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

M McAuley

REGISTERED OFFICE:

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

REGISTERED NUMBER:

SC331465 (Scotland)

ACCOUNTANTS:

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

FIXED ASSETS

Tangible assets

4

44,247

53,635

CURRENT ASSETS

Stocks

9,231

13,940

Debtors

5

344,511

281,999

Cash at bank and in hand

111,579

160,800

465,321

456,739

CREDITORS

Amounts falling due within one year

6

(200,077

)

(178,320

)

NET CURRENT ASSETS

265,244

278,419

TOTAL ASSETS LESS CURRENT LIABILITIES

309,491

332,054

PROVISIONS FOR LIABILITIES

(8,408

)

(10,191

)

NET ASSETS

301,083

321,863

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

301,082

321,862

SHAREHOLDERS' FUNDS

301,083

321,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 12 December 2023 and were signed by:

M McAuley - Director

1.	STATUTORY INFORMATION

McAuley (Aberdeen) Ltd 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 amounts receivable for goods sold and services rendered during the year, 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.

Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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 27 (2022 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2022

55,518

16,325

21,667

9,271

102,781

Additions

94

1,765

-

-

1,859

At 30 September 2023

55,612

18,090

21,667

9,271

104,640

DEPRECIATION

At 1 October 2022

21,938

4,216

14,575

8,417

49,146

Charge for year

6,280

2,340

1,773

854

11,247

At 30 September 2023

28,218

6,556

16,348

9,271

60,393

NET BOOK VALUE

At 30 September 2023

27,394

11,534

5,319

-

44,247

At 30 September 2022

33,580

12,109

7,092

854

53,635

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Loan - The Pier

74,127

28,367

Loan - Bridge House Café

51,812

35,426

Loan - Café Ahoy

-

1,902

Loan - Watermelon Group

214,656

212,489

Prepayments

3,916

3,815

344,511

281,999

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade creditors

17,152

30,728

Tax

16,268

6,207

PAYE

5,787

5,710

VAT

31,278

33,470

Loan - Café Ahoy

619

-

Director's loan account

86,805

57,622

Accrued expenses

42,168

44,583

200,077

178,320

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.23

30.9.22

£

£

Within one year

45,000

45,000

Between one and five years

90,000

135,000

135,000

180,000

8.	RELATED PARTY DISCLOSURES

During the year M McAuley (director) increased the amount loaned to the company by £29,183 leaving a balance of £86,805 (2022 £57,622). This loan is unsecured, interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

M McAuley is the ultimate controlling party by virtue of his 100% shareholding in the holding company.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report in accordance with the requirements of the Institute of Financial Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities and financial position of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

12 December 2023