Donald MacLennan Limited - Accounts to registrar (filleted) - small 23.2.5
Donald MacLennan Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| DONALD MACLENNAN LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023 |
| DONALD MACLENNAN LIMITED (REGISTERED NUMBER: SC244182) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 30 March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| DONALD MACLENNAN LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 30 March 2023 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 16 Royal Crescent |
| Glasgow |
| G3 7SL |
| DONALD MACLENNAN LIMITED (REGISTERED NUMBER: SC244182) |
| BALANCE SHEET |
| 30 March 2023 |
| 30.3.23 | 30.3.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| DONALD MACLENNAN LIMITED (REGISTERED NUMBER: SC244182) |
| BALANCE SHEET - continued |
| 30 March 2023 |
| 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 |
| DONALD MACLENNAN LIMITED (REGISTERED NUMBER: SC244182) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 30 March 2023 |
| 1. | STATUTORY INFORMATION |
| Donald MacLennan Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the value of goods and services provided in the year. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. |
| Plant and machinery, etc - 25% on cost and 25% reducing balance |
| Financial instruments |
| Basic financial instruments, including trade and other debtors, trade creditors and other creditors, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. |
| 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. |
| Government grant |
| Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts are capitalised in the balance sheet. These assets are initially recognised at transaction price and are depreciated over their estimated useful lives.The interest element of these obligations is charged to the profit and loss account over the relevant period using the effective interest rate method.The capital element of future payments is treated as a liability. |
| DONALD MACLENNAN LIMITED (REGISTERED NUMBER: SC244182) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 30 March 2023 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 31 March 2022 |
| Additions |
| Disposals | ( |
) |
| At 30 March 2023 |
| DEPRECIATION |
| At 31 March 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 March 2023 |
| NET BOOK VALUE |
| At 30 March 2023 |
| At 30 March 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.23 | 30.3.22 |
| £ | £ |
| Other debtors |
| Tax recoverable | 1,795 | - |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.23 | 30.3.22 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Director's loan account | - | 315 |
| Taxation and social security |
| Other creditors | 1,391 | 2,689 |
| DONALD MACLENNAN LIMITED (REGISTERED NUMBER: SC244182) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 30 March 2023 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.3.23 | 30.3.22 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.3.23 | 30.3.22 |
| £ | £ |
| Hire purchase contracts | 16,385 | - |
| Hire purchase creditors have security over related assets. |
| 9. | RELATED PARTY DISCLOSURES |
| At 30 March 2023 the company's director had provided the company with interest free loans of £0 (2022, £315). There were no fixed repayment terms for these loans. |