IRIS Accounts Production v25.1.4.42 SO302893 designated member 1.5.24 31.3.25 31.3.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SO302893 2024-04-30 SO302893 2025-03-31 SO302893 2024-05-01 2025-03-31 SO302893 2023-04-30 SO302893 2023-05-01 2024-04-30 SO302893 2024-04-30 SO302893 ns15:Scotland 2024-05-01 2025-03-31 SO302893 ns14:PoundSterling 2024-05-01 2025-03-31 SO302893 ns10:PartnerLLP1 2024-05-01 2025-03-31 SO302893 ns10:LimitedLiabilityPartnershipLLP 2024-05-01 2025-03-31 SO302893 ns10:SmallEntities 2024-05-01 2025-03-31 SO302893 ns10:AuditExempt-NoAccountantsReport 2024-05-01 2025-03-31 SO302893 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-03-31 SO302893 ns10:LimitedLiabilityPartnershipsSORP 2024-05-01 2025-03-31 SO302893 ns10:FullAccounts 2024-05-01 2025-03-31 SO302893 1 2024-05-01 2025-03-31 SO302893 ns10:PartnerLLP2 2024-05-01 2025-03-31 SO302893 ns10:RegisteredOffice 2024-05-01 2025-03-31 SO302893 ns5:CurrentFinancialInstruments 2025-03-31 SO302893 ns5:CurrentFinancialInstruments 2024-04-30 SO302893 ns5:Non-currentFinancialInstruments 2025-03-31 SO302893 ns5:Non-currentFinancialInstruments 2024-04-30 SO302893 ns5:RevaluationReserve 2025-03-31 SO302893 ns5:RevaluationReserve 2024-04-30 SO302893 ns5:IntangibleAssetsOtherThanGoodwill 2024-05-01 2025-03-31 SO302893 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-05-01 2025-03-31 SO302893 ns5:PlantMachinery 2024-05-01 2025-03-31 SO302893 ns5:FurnitureFittings 2024-05-01 2025-03-31 SO302893 ns5:ComputerEquipment 2024-05-01 2025-03-31 SO302893 ns5:NetGoodwill 2024-04-30 SO302893 ns5:NetGoodwill 2025-03-31 SO302893 ns5:NetGoodwill 2024-04-30 SO302893 ns5:LandBuildings 2024-04-30 SO302893 ns5:PlantMachinery 2024-04-30 SO302893 ns5:FurnitureFittings 2024-04-30 SO302893 ns5:ComputerEquipment 2024-04-30 SO302893 ns5:LandBuildings 2024-05-01 2025-03-31 SO302893 ns5:LandBuildings 2025-03-31 SO302893 ns5:PlantMachinery 2025-03-31 SO302893 ns5:FurnitureFittings 2025-03-31 SO302893 ns5:ComputerEquipment 2025-03-31 SO302893 ns5:LandBuildings 2024-04-30 SO302893 ns5:PlantMachinery 2024-04-30 SO302893 ns5:FurnitureFittings 2024-04-30 SO302893 ns5:ComputerEquipment 2024-04-30 SO302893 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SO302893 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 SO302893 ns5:Secured 2025-03-31 SO302893 ns5:Secured 2024-04-30 SO302893 ns5:RevaluationReserve 2024-04-30 SO302893 ns5:SharePremium 2025-03-31

REGISTERED NUMBER: SO302893 (Scotland)

Unaudited Financial Statements

for the Period 1 May 2024 to 31 March 2025

for

Mackintosh & Wylie LLP

| Mackintosh & Wylie LLP (Registered number: SO302893) |

Contents of the Financial Statements

for the Period 1 May 2024 to 31 March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Mackintosh & Wylie LLP |

General Information

for the Period 1 May 2024 to 31 March 2025

| DESIGNATED MEMBERS: | Mrs F Connolly

| Miss L Murray

| REGISTERED OFFICE: | 23 The Foregate

| Kilmarnock

| Ayrshire

| KA1 1LE

| REGISTERED NUMBER: | SO302893 (Scotland)

| ACCOUNTANTS: | Gillespie & Anderson

| Chartered Accountants

| Westburn Business Centre

| McNee Road

| Prestwick

| KA9 2PB

| Mackintosh & Wylie LLP (Registered number: SO302893) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 209,965 |  | 210,326 |  |

209,965 |  | 210,326 |  |

CURRENT ASSETS

Stocks | 6 | 157,416 |  | 147,144 |  |

Debtors | 7 | 5,922,771 |  | 9,056,196 |  |

Cash at bank and in hand | 2,243,134 |  | 1,078,238 |  |

8,323,321 |  | 10,281,578 |  |

CREDITORS

Amounts falling due within one year | 8 | 8,208,390 |  | 10,219,653 |  |

NET CURRENT ASSETS | 114,931 |  | 61,925 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 324,896 |  | 272,251 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 111,842 |  | 191,911 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 213,054 |  | 80,340 |  |

| Mackintosh & Wylie LLP (Registered number: SO302893) |

Balance Sheet - continued

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 11 | 141,834 |  | 9,120 |  |

MEMBERS' OTHER INTERESTS

Revaluation reserve | 12 | 71,220 |  | 71,220 |  |

213,054 |  | 80,340 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 11 | 141,834 |  | 9,120 |  |

Members' other interests | 71,220 |  | 71,220 |  |

213,054 |  | 80,340 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2025.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 July 2025 and were signed by:

Miss L Murray - Designated member

| Mackintosh & Wylie LLP (Registered number: SO302893) |

Notes to the Financial Statements

for the Period 1 May 2024 to 31 March 2025

1. | STATUTORY INFORMATION

| Mackintosh & Wylie LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General 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 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Going concern

| After reviewing the limited liability partnership's current and likely future trading performance, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The members therefore have adopted a going concern basis in preparing the financial statements.

| Turnover

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

| 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.

| Freehold property | - | measured at fair value

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 15% on reducing balance

| Land and buildings held and used in the limited liability partnership's own activities are stated in the statement of financial position at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position. Any revaluation increase or decrease is credited to the revaluation reserve in Members' Other Interests. No taxation is provided in relation to the revaluation adjustments.

| Depreciation has not been provided on the land and property, on the basis that the members consider the residual value of the property to be higher than the original cost.

| Other fixed assets are stated at cost less depreciation.

| Impairment of fixed assets

| At each reporting date, the limited liability partnership reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the LLP estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Mackintosh & Wylie LLP (Registered number: SO302893) |

Notes to the Financial Statements - continued

for the Period 1 May 2024 to 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

| Taxation

| No provision is made in the financial statements for member's tax on their profit share. Any tax paid by the LLP is charged to the member's current account when paid.

3. | EMPLOYEE INFORMATION

| The average number of employees during the period was 22 (2024 - 26 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2024

| and 31 March 2025 | 85,777 |  |

| AMORTISATION

| At 1 May 2024

| and 31 March 2025 | 85,777 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 30 April 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 May 2024 | 200,000 |  | 4,784 |  | 25,106 |  | 71,870 |  | 301,760 |  |

| Additions | - |  | - |  | - |  | 1,302 |  | 1,302 |  |

| At 31 March 2025 | 200,000 |  | 4,784 |  | 25,106 |  | 73,172 |  | 303,062 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 1,878 |  | 22,232 |  | 67,324 |  | 91,434 |  |

| Charge for period | - |  | 436 |  | 431 |  | 796 |  | 1,663 |  |

| At 31 March 2025 | - |  | 2,314 |  | 22,663 |  | 68,120 |  | 93,097 |  |

| NET BOOK VALUE

| At 31 March 2025 | 200,000 |  | 2,470 |  | 2,443 |  | 5,052 |  | 209,965 |  |

| At 30 April 2024 | 200,000 |  | 2,906 |  | 2,874 |  | 4,546 |  | 210,326 |  |

| Mackintosh & Wylie LLP (Registered number: SO302893) |

Notes to the Financial Statements - continued

for the Period 1 May 2024 to 31 March 2025

5. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2025 is represented by:

| Fixtures |

| Freehold |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2024 | (67,500 | ) | - |  | - |  | - |  | (67,500 | ) |

| Valuation in 2017 | 138,720 |  | - |  | - |  | - |  | 138,720 |  |

| Cost | 128,780 |  | 4,784 |  | 25,106 |  | 73,172 |  | 231,842 |  |

200,000 |  | 4,784 |  | 25,106 |  | 73,172 |  | 303,062 |  |

| Freehold land and buildings were valued on an open market basis on 31 December 2023 by Graham & Sibbald LLP .

6. | STOCKS

2025 | 2024 |

£ | £ |

| Work-in-progress | 157,416 |  | 147,144 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 66,577 |  | 118,433 |  |

| Other debtors | 5,856,194 |  | 8,937,763 |  |

5,922,771 |  | 9,056,196 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 17,817 |  | 67,867 |  |

| Trade creditors | 6,196 |  | 6,389 |  |

| Taxation and social security | 41,194 |  | 72,197 |  |

| Other creditors | 8,143,183 |  | 10,073,200 |  |

8,208,390 |  | 10,219,653 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 3,701 |  |

| Other creditors | 111,842 |  | 188,210 |  |

111,842 |  | 191,911 |  |

| Mackintosh & Wylie LLP (Registered number: SO302893) |

Notes to the Financial Statements - continued

for the Period 1 May 2024 to 31 March 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 10,410 |  | 23,422 |  |

| Bank loans | 7,407 |  | 48,146 |  |

17,817 |  | 71,568 |  |

| Bank borrowings are secured by a floating charge over all property and assets of the limited liability partnership.

| The bounceback bank loan is supported by a 100% guarantee from the UK Government.

11. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2025 | 2024 |

£ | £ |

| Amounts owed to members in respect of profits | 141,834 |  | 9,120 |  |

| Falling due within one year | 141,834 |  | 9,120 |  |

| Members' interests are subordinated to bank borrowings. Loans and other debts due to members rank equally with unsecured creditors in the event of a winding up. Members' other interests, represented by members' capital (classified as equity) rank after unsecured creditors.

12. | RESERVES

| Revaluation

| reserve

£ |

| At 1 May 2024 | 71,220 |  |

| At 31 March 2025 | 71,220 |  |