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REGISTERED NUMBER: SC042440 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

R.F. McCreadie & Company Limited

| R.F. McCreadie & Company Limited (Registered number: SC042440) |

Contents of the Financial Statements

for the Year Ended 31 October 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| R.F. McCreadie & Company Limited |

Company Information

for the Year Ended 31 October 2024

| DIRECTORS: | Mr I McCreadie

| Mr I S McCreadie

| SECRETARY: | Mrs A McCreadie

| REGISTERED OFFICE: | 45 Queen Street

| Newton Stewart

| Wigtonshire

| DG8 6JR

| REGISTERED NUMBER: | SC042440 (Scotland)

| ACCOUNTANTS: | Gillespie & Anderson

| Chartered Accountants

| Westburn Business Centre

| McNee Road

| Prestwick

| KA9 2PB

| R.F. McCreadie & Company Limited (Registered number: SC042440) |

Balance Sheet

31 October 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 77,344 |  | 64,382 |  |

CURRENT ASSETS

Stocks | 66,178 |  | 51,641 |  |

Debtors | 5 | 9,741 |  | 11,985 |  |

Cash at bank and in hand | 193,916 |  | 218,772 |  |

269,835 |  | 282,398 |  |

CREDITORS

Amounts falling due within one year | 6 | 150,251 |  | 160,407 |  |

NET CURRENT ASSETS | 119,584 |  | 121,991 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 196,928 |  | 186,373 |  |

PROVISIONS FOR LIABILITIES | (7,441 | ) | (4,814 | ) |

ACCRUALS AND DEFERRED INCOME | 7 | (1,786 | ) | (2,233 | ) |

NET ASSETS | 187,701 |  | 179,326 |  |

CAPITAL AND RESERVES

Called up share capital | 4,951 |  | 4,951 |  |

Retained earnings | 182,750 |  | 174,375 |  |

SHAREHOLDERS' FUNDS | 187,701 |  | 179,326 |  |

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

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

| R.F. McCreadie & Company Limited (Registered number: SC042440) |

Balance Sheet - continued

31 October 2024

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:

Mr I McCreadie - Director

Mr I S McCreadie - Director

| R.F. McCreadie & Company Limited (Registered number: SC042440) |

Notes to the Financial Statements

for the Year Ended 31 October 2024

1. | STATUTORY INFORMATION

| R.F. McCreadie & Company 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Going Concern

| The directors consider the working capital requirements of the business on a regular basis to ensure that it has sufficient resources to meet obligations as they fall due. Furthermore the directors have confirmed they will continue to financially support the business in the form of loan capital as and when required and that there are no immediate plans to have this repaid in the foreseeable future.

| Taking account of all of this the directors are satisfied that the company has sufficient resources to remain in business for the foreseeable future and as such the accounts have been prepared on a going concern basis.

| Turnover/revenue recognition

| Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the Company's activities.

| Sales are presented, net of value-added tax, rebates and discounts.

| The Company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the Company's activities are met.

| Other income

| Other income includes income relating to the Coronavirus Job Retention Scheme and other COVID related

| grants, which has been claimed and utilised in the course of the year. Government grants are recognised on an accruals basis and therefore sums relating to the financial year have been credited to the Profit and Loss Account in the same period as the related expenses and over the period of time that the grant related to.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 20% on reducing balance

| Office equipment | - | 10% on reducing balance

| Tangible fixed assets are stated at cost less depreciation.

| Stocks

| Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

| R.F. McCreadie & Company Limited (Registered number: SC042440) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Pension costs and other post-retirement benefits

| The company operates a money purchase pension scheme in the form of employee personal pension plans. The contracts are between the individual and the pension provider and all funds are held externally by a third party pension provider. Pension contributions are charged to the profit and loss account in the period to which they relate.

| Financial instruments

| Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

| Loans and other receivables

| Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

| Other financial liabilities

| Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

| Impairment of financial instruments

| A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

| Deferred government grants

| Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2023 - 5 ) .

| R.F. McCreadie & Company Limited (Registered number: SC042440) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

4. | TANGIBLE FIXED ASSETS

| Tenant's |

| Freehold |  | Property |  | Plant and |  | Office |

| property |  | Improvements |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 November 2023 | 19,536 |  | 28,802 |  | 122,950 |  | 16,564 |  | 187,852 |  |

| Additions | - |  | - |  | 18,625 |  | - |  | 18,625 |  |

| At 31 October 2024 | 19,536 |  | 28,802 |  | 141,575 |  | 16,564 |  | 206,477 |  |

| DEPRECIATION

| At 1 November 2023 | 6,984 |  | 2,304 |  | 100,443 |  | 13,739 |  | 123,470 |  |

| Charge for year | 291 |  | 576 |  | 4,502 |  | 294 |  | 5,663 |  |

| At 31 October 2024 | 7,275 |  | 2,880 |  | 104,945 |  | 14,033 |  | 129,133 |  |

| NET BOOK VALUE

| At 31 October 2024 | 12,261 |  | 25,922 |  | 36,630 |  | 2,531 |  | 77,344 |  |

| At 31 October 2023 | 12,552 |  | 26,498 |  | 22,507 |  | 2,825 |  | 64,382 |  |

| Included in cost of land and buildings is freehold land of £ 5,000 (2023 - £ 5,000 ) which is not depreciated.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 7,105 |  | 5,704 |  |

| Other debtors | 2,636 |  | 6,281 |  |

9,741 |  | 11,985 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 87,784 |  | 69,267 |  |

| Taxation and social security | 2,991 |  | 16,196 |  |

| Other creditors | 59,476 |  | 74,944 |  |

150,251 |  | 160,407 |  |

7. | ACCRUALS AND DEFERRED INCOME

2024 | 2023 |

£ | £ |

| Deferred government grants | 1,786 |  | 2,233 |  |

| In the event of certain terms and conditions relating to a grant not being adhered to the awarding body reserves the right to reclaim all or part.

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The loans from the directors are interest free and repayable on demand.

| R.F. McCreadie & Company Limited (Registered number: SC042440) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2024

9. | ULTIMATE CONTROLLING PARTY

| The company is under the control of the directors.