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REGISTERED NUMBER: SC243281 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

A & L MCCRAE LIMITED

A & L MCCRAE LIMITED (REGISTERED NUMBER: SC243281)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & L MCCRAE LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2018







DIRECTORS: Alistair James McCrae
Linda Helen Stevenson McCrae





SECRETARY: Linda Helen Stevenson McCrae





REGISTERED OFFICE: c/o Abacus Services
Abacus Building,
8 High Street
Oban
Argyll
PA34 4BG





REGISTERED NUMBER: SC243281 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
Oban
Argyll
PA34 4AZ

A & L MCCRAE LIMITED (REGISTERED NUMBER: SC243281)

BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 260,000 280,500
Tangible assets 5 3,352,548 2,868,569
3,612,548 3,149,069

CURRENT ASSETS
Stocks 137,500 138,898
Debtors 6 307,075 101,672
Cash at bank 613,338 473,680
1,057,913 714,250
CREDITORS
Amounts falling due within one year 7 624,302 333,969
NET CURRENT ASSETS 433,611 380,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,046,159

3,529,350

CREDITORS
Amounts falling due after more than one
year

8

(173,980

)

(193,866

)

PROVISIONS FOR LIABILITIES (204,430 ) (311,610 )
NET ASSETS 3,667,749 3,023,874

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,666,749 3,022,874
SHAREHOLDERS' FUNDS 3,667,749 3,023,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

A & L MCCRAE LIMITED (REGISTERED NUMBER: SC243281)

BALANCE SHEET - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 December 2018 and were signed on its behalf
by:





Linda Helen Stevenson McCrae - Director


A & L MCCRAE LIMITED (REGISTERED NUMBER: SC243281)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2018

1. STATUTORY INFORMATION

A & L McCrae 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill represents the amounts paid in connection with the acquisition of businesses in 2003 and 2012 and is
being amortised over the estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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.
Heritable property - in accordance with the property
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.


A & L MCCRAE LIMITED (REGISTERED NUMBER: SC243281)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued
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.

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 5 (2017 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 410,000
AMORTISATION
At 1 April 2017 129,500
Amortisation for year 20,500
At 31 March 2018 150,000
NET BOOK VALUE
At 31 March 2018 260,000
At 31 March 2017 280,500

A & L MCCRAE LIMITED (REGISTERED NUMBER: SC243281)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Heritable Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2017 498,242 3,738,701 - 1,657 4,238,600
Additions - 1,571,640 5,165 - 1,576,805
Disposals - (1,089,050 ) - - (1,089,050 )
At 31 March 2018 498,242 4,221,291 5,165 1,657 4,726,355
DEPRECIATION
At 1 April 2017 82,934 1,285,575 - 1,522 1,370,031
Charge for year 16,244 520,503 1,291 45 538,083
Eliminated on disposal - (534,307 ) - - (534,307 )
At 31 March 2018 99,178 1,271,771 1,291 1,567 1,373,807
NET BOOK VALUE
At 31 March 2018 399,064 2,949,520 3,874 90 3,352,548
At 31 March 2017 415,308 2,453,126 - 135 2,868,569

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2017 277,500
Additions 123,100
Transfer to ownership (211,500 )
At 31 March 2018 189,100
DEPRECIATION
At 1 April 2017 76,841
Charge for year 41,551
Transfer to ownership (81,613 )
At 31 March 2018 36,779
NET BOOK VALUE
At 31 March 2018 152,321
At 31 March 2017 200,659

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 258,828 11,890
Amounts owed by group undertakings 11,640 11,640
Other debtors 36,607 78,142
307,075 101,672

A & L MCCRAE LIMITED (REGISTERED NUMBER: SC243281)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 57,595 41,712
Trade creditors 292,014 192,745
Taxation and social security 218,193 34,116
Other creditors 6,500 15,396
624,302 333,969

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 141,666 191,666
Hire purchase contracts 32,314 2,200
173,980 193,866

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 191,666 241,666

The Bank of Scotland holds a Standard Security for all sums due or to become due over Barrachander Quarry,
Taynuilt, Argyll.