REGISTERED NUMBER: SC361895 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

O'MAC CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTOR:

M J Macdonald

REGISTERED OFFICE:

26 Bells Road

Stornoway

Isle of Lewis

HS1 2RA

REGISTERED NUMBER:

SC361895 (Scotland)

ACCOUNTANTS:

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

FIXED ASSETS

-

Intangible assets

4

-

1,685,804

Tangible assets

5

1,586,300

230,000

Investment property

6

339,650

1,915,804

1,925,950

CURRENT ASSETS

200,000

Stocks

50,000

1,542,669

Debtors

7

1,647,520

985

Cash at bank

79,370

1,743,654

1,776,890

CREDITORS

1,918,225

Amounts falling due within one year

8

1,716,987

(174,571

)

NET CURRENT ASSETS/(LIABILITIES)

59,903

1,741,233

TOTAL ASSETS LESS CURRENT LIABILITIES

1,985,853

CREDITORS

(611,238

)

Amounts falling due after more than one year

9

(372,059

)

(155,277

)

PROVISIONS FOR LIABILITIES

(155,277

)

974,718

NET ASSETS

1,458,517

CAPITAL AND RESERVES

20

Called up share capital

20

19,999

Share premium

19,999

109,031

Revaluation reserve

11

109,031

845,668

Retained earnings

1,329,467

974,718

SHAREHOLDERS' FUNDS

1,458,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 September 2025 and were signed by:

M J Macdonald - Director

1.	STATUTORY INFORMATION

O'Mac Construction 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 (£).

The accounts are rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the society's accounting policies, the management committee are required to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods should it affect future periods.

The estimates and assumptions which carry a higher degree of risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. They are amended when necessary to reflect current estimates, future investment, economic utilisation and the physical condition of the assets. See note 5 for details of the values of tangible fixed assets.

Work in progress

Internal management systems monitor contract costs in order to provide valuations of work in progress.

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, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on reducing balance and 10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2024 - 68 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

103,500

AMORTISATION

At 1 July 2024

and 30 June 2025

103,500

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Totals

buildings

etc

£

£

£

COST OR VALUATION

At 1 July 2024

2,698,029

794,923

1,903,106

Additions

130,025

-

130,025

At 30 June 2025

2,828,054

794,923

2,033,131

DEPRECIATION

At 1 July 2024

1,012,225

86,720

925,505

Charge for year

229,529

15,903

213,626

At 30 June 2025

1,241,754

102,623

1,139,131

NET BOOK VALUE

At 30 June 2025

1,586,300

692,300

894,000

At 30 June 2024

1,685,804

708,203

977,601

Cost or valuation at 30 June 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2013

50,000

-

50,000

Valuation in 2015

29,031

-

29,031

Valuation in 2018

30,000

-

30,000

Valuation in 2022

(36,353

)

-

(36,353

)

Cost

722,245

2,033,131

2,755,376

794,923

2,033,131

2,828,054

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

Plant and

machinery

etc

£

COST OR VALUATION

At 1 July 2024

972,143

Additions

98,485

Transfer to ownership

(28,335

)

At 30 June 2025

1,042,293

DEPRECIATION

At 1 July 2024

300,840

Charge for year

144,089

Transfer to ownership

(13,601

)

At 30 June 2025

431,328

NET BOOK VALUE

At 30 June 2025

610,965

At 30 June 2024

671,303

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

230,000

Additions

109,650

At 30 June 2025

339,650

NET BOOK VALUE

At 30 June 2025

339,650

At 30 June 2024

230,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

583,057

156,917

Amounts recoverable on contract

709,000

770,000

Other debtors

355,463

615,752

1,647,520

1,542,669

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

128,848

302,607

Hire purchase contracts

234,112

262,911

Trade creditors

882,631

836,263

Taxation and social security

383,866

399,186

Other creditors

87,530

117,258

1,716,987

1,918,225

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

250,941

332,886

Hire purchase contracts

121,118

278,352

372,059

611,238

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Bank loan and overdraft

153,753

337,604

Bank of Scotland PLC have the following security:

Security over Units a and b, 26-30 Bells Road, Stornoway, Isle of Lewis

Security over 44-46 Inaclete Road, Stornoway, Isle of Lewis

Floating charge over the company property and assets, present and future.

11.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 30 June 2025

109,031

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

M J Macdonald

Balance outstanding at start of year

110,000

15,720

Amounts advanced

-

110,000

Amounts repaid

(110,000

)

(15,720

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

110,000

The following reproduces the text of the report prepared for the director 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 Director 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 O'Mac Construction Limited for the year ended 30 June 2025 which comprise the Income Statement, 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 director of O'Mac Construction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of O'Mac Construction Limited and state those matters that we have agreed to state to the director of O'Mac Construction Limited 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 director for our work or for this report.

It is your duty to ensure that O'Mac Construction 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 O'Mac Construction Limited. You consider that O'Mac Construction 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 O'Mac Construction 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.

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

19 September 2025