REGISTERED NUMBER: SC154514 (Scotland)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Maclean Plastering Company Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

S A Maclean

S C Maclean

Registered office:

Unit 5

20 Carsegate Road North

Carsegate Industrial Estate

Inverness

IV3 8EA

Registered number:

SC154514 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maclean Plastering Company Limited for the year ended 31st December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Maclean Plastering Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Maclean Plastering Company Limited and state those matters that we have agreed to state to the Board of Directors of Maclean Plastering Company Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Maclean Plastering Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maclean Plastering Company Limited. You consider that Maclean Plastering Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maclean Plastering Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

18th September 2025

Fixed assets

Tangible assets

4

153,426

135,547

Current assets

Stocks

6,203

40,600

Debtors

5

245,761

208,731

Cash at bank

157,638

191,727

409,602

441,058

Creditors

Amounts falling due within one year

6

157,886

206,310

Net current assets

251,716

234,748

Total assets less current liabilities

405,142

370,295

Creditors

Amounts falling due after more than one year

7

(49,032

)

(45,534

)

Provisions for liabilities

(28,067

)

(33,887

)

Net assets

328,043

290,874

Capital and reserves

Called up share capital

2

2

Retained earnings

328,041

290,872

328,043

290,874

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

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

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 18th September 2025 and were signed on its behalf by:

S A Maclean - Director

1.	Statutory information

Maclean Plastering 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.

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 each asset over its estimated useful life.

Freehold property

-

20% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

The average number of employees during the year was 5 (2023 - 7 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1st January 2024

18,400

134,909

15,908

173,159

342,376

Additions

-

32,552

374

60,533

93,459

Disposals

-

-

-

(56,526

)

(56,526

)

At 31st December 2024

18,400

167,461

16,282

177,166

379,309

Depreciation

At 1st January 2024

15,640

70,026

12,897

108,266

206,829

Charge for year

920

14,615

508

21,963

38,006

Eliminated on disposal

-

-

-

(18,952

)

(18,952

)

At 31st December 2024

16,560

84,641

13,405

111,277

225,883

Net book value

At 31st December 2024

1,840

82,820

2,877

65,889

153,426

At 31st December 2023

2,760

64,883

3,011

64,893

135,547

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

203,029

104,964

Other debtors

42,732

103,767

245,761

208,731

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Hire purchase contracts

31,338

18,275

Trade creditors

28,777

108,154

Taxation and social security

40,908

45,106

Other creditors

56,863

34,775

157,886

206,310

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Hire purchase contracts

49,032

45,534

8.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

80,370

63,809