REGISTERED NUMBER: SC317500 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Brian McLennan Transport Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B P McLennan

Mrs P J McLennan

REGISTERED OFFICE:

56 South Road

Peterhead

Aberdeenshire

AB42 2ZX

REGISTERED NUMBER:

SC317500 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

87,361

105,210

CURRENT ASSETS

Debtors

5

29,338

30,008

Cash at bank

30,042

45,877

59,380

75,885

CREDITORS

Amounts falling due within one year

6

65,172

55,911

NET CURRENT (LIABILITIES)/ASSETS

(5,792

)

19,974

TOTAL ASSETS LESS CURRENT LIABILITIES

81,569

125,184

CREDITORS

Amounts falling due after more than one year

7

(22,651

)

(43,559

)

PROVISIONS FOR LIABILITIES

(17,097

)

(21,532

)

NET ASSETS

41,821

60,093

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

41,819

60,091

SHAREHOLDERS' FUNDS

41,821

60,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr B P McLennan - Director

1.	STATUTORY INFORMATION

Brian McLennan Transport 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 the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

26,617

211,373

1,149

239,139

Additions

1,618

9,500

-

11,118

At 31 March 2025

28,235

220,873

1,149

250,257

DEPRECIATION

At 1 April 2024

23,957

109,233

739

133,929

Charge for year

855

27,910

202

28,967

At 31 March 2025

24,812

137,143

941

162,896

NET BOOK VALUE

At 31 March 2025

3,423

83,730

208

87,361

At 31 March 2024

2,660

102,140

410

105,210

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

173,400

DEPRECIATION

At 1 April 2024

75,863

Charge for year

24,384

At 31 March 2025

100,247

NET BOOK VALUE

At 31 March 2025

73,153

At 31 March 2024

97,537

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

28,182

28,872

Other debtors

1,156

1,136

29,338

30,008

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

20,908

20,908

Trade creditors

2,453

4,797

Taxation and social security

19,519

12,903

Other creditors

22,292

17,303

65,172

55,911

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

22,651

43,559