REGISTERED NUMBER: SC225609 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

MCN Scotland Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Shearer

D Murray

Mrs F Murray

Mrs M L Shearer

SECRETARY:

Mrs D Rodgers

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC225609 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

306,540

287,727

CURRENT ASSETS

Stocks

233,000

253,707

Debtors

5

834,951

361,043

Cash at bank

1,056,045

1,260,651

2,123,996

1,875,401

CREDITORS

Amounts falling due within one year

6

1,393,159

1,380,955

NET CURRENT ASSETS

730,837

494,446

TOTAL ASSETS LESS CURRENT LIABILITIES

1,037,377

782,173

CREDITORS

Amounts falling due after more than one year

7

(48,730

)

(52,008

)

PROVISIONS FOR LIABILITIES

8

(53,975

)

(71,932

)

NET ASSETS

934,672

658,233

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

934,572

658,133

SHAREHOLDERS' FUNDS

934,672

658,233

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

A Shearer - Director

1.	STATUTORY INFORMATION

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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

33% on cost and 25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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

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 63 (2024 - 60 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

646,198

14,236

660,434

Additions

153,602

2,249

155,851

Disposals

(136,076

)

-

(136,076

)

At 31 March 2025

663,724

16,485

680,209

DEPRECIATION

At 1 April 2024

360,075

12,632

372,707

Charge for year

104,895

771

105,666

Eliminated on disposal

(104,704

)

-

(104,704

)

At 31 March 2025

360,266

13,403

373,669

NET BOOK VALUE

At 31 March 2025

303,458

3,082

306,540

At 31 March 2024

286,123

1,604

287,727

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

Motor

vehicles

£

COST

At 1 April 2024

368,806

Additions

33,693

Disposals

(102,110

)

At 31 March 2025

300,389

DEPRECIATION

At 1 April 2024

227,541

Charge for year

42,950

Eliminated on disposal

(87,722

)

At 31 March 2025

182,769

NET BOOK VALUE

At 31 March 2025

117,620

At 31 March 2024

141,265

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

656,361

226,854

Other debtors

178,590

134,189

834,951

361,043

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts and finance leases

41,897

46,411

Trade creditors

881,399

1,009,627

Taxation and social security

397,816

260,890

Other creditors

72,047

64,027

1,393,159

1,380,955

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts and finance leases

48,730

52,008

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

53,975

71,932

Deferred

tax

£

Balance at 1 April 2024

71,932

Utilised during year

(17,957

)

Balance at 31 March 2025

53,975