SC515305 false hire of construction machinery 2024-02-01 2025-01-31 http://www.companieshouse.gov.uk/2024-01-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-01-31 http://www.companieshouse.gov.uk/cd:Director1 2024-02-01 2025-01-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-01-31 http://www.companieshouse.gov.uk/cd:Director2 2024-02-01 2025-01-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-02-01 2025-01-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-02-01 2025-01-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-01-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-01-31 http://www.companieshouse.gov.uk/2024-02-01 2025-01-31 http://www.companieshouse.gov.uk/2024-01-31 http://www.companieshouse.gov.uk/cd:FRS102 2024-02-01 2025-01-31 http://www.companieshouse.gov.uk/2025-01-31 http://www.companieshouse.gov.uk/cd:FullAccounts 2024-02-01 2025-01-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC515305
A McPherson & Co Ltd
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
Prepared By:
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

A McPherson & Co Ltd

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
DIRECTORS
Alison Davidson
Alexander McPherson
REGISTERED OFFICE
G6, The Granary Business Centre
Coal Road
Cupar
Fife
KY15 5YQ
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC515305
ACCOUNTANTS
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

A McPherson & Co Ltd

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

A McPherson & Co Ltd

BALANCE SHEET AT 31 January 2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 65,313 |  |  |  | 80,385
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Debtors |  | 5 |  | 10,773 |  |  |  | 13,088 |  |
Cash at bank and in hand |  |  |  | 15,116 |  |  |  | 25,920 |  |
|  |  |  | 25,889 |  |  |  | 39,008 |  |
CREDITORS: Amounts falling due within one year |  | 6 |  | 57,763 |  |  |  | 67,475 |  |
NET CURRENT LIABILITIES |  |  |  |  |  | (31,874) |  |  |  | (28,467)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 33,439 |  |  |  | 51,918
CREDITORS: Amounts falling due after more than one year |  | 7 |  |  |  | 714 |  |  |  | 7,724
PROVISIONS FOR LIABILITIES AND CHARGES |  |  |  |  |  | 9,385 |  |  |  | 13,153
NET ASSETS |  |  |  |  |  | 23,340 |  |  |  | 31,041
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 8 |  |  |  | 10,000 |  |  |  | 10,000
Other reserves |  |  |  |  |  | 5,420 |  |  |  | 5,420
Profit and loss account |  |  |  |  |  | 7,920 |  |  |  | 15,621
SHAREHOLDERS' FUNDS |  |  |  |  |  | 23,340 |  |  |  | 31,041
For the year ending 31 January 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15 October 2025 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Alison Davidson |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

A McPherson & Co Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. ACCOUNTING POLICIES

1a. General Information Basis Of Accounting
The company is limited by shares and incorporated in Scotland. The address of the registered office is given in the company information on page 1 of these financial statements. The company's place of business is No 1 Small Holdings, Windygates.
The financial statements have been prepared in accordance with Financial Reporting Standard FRS 102 including Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise shown.

1b. Turnover
Turnover represents the amounts receivable arising from the supply of goods net of VAT and trade discounts.
Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Turnover is recognised as the fair value of the consideration received or receivable for services provided in the normal course of business, net of VAT and trade discounts.

1c. Tangible Fixed Assets |  |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, ofeach asset on a systematic basis over its expected useful life as follows:
Commercial Vehicles |  | reducing balance 25%
Equipment |  | straight line 20%

1d. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

A McPherson & Co Ltd

1e. Cash And Cash Equivalents
Cash and cash equivalents are basic financial instruments which include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1f. Financial Instruments
Basic financial assets - Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities - Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1g. Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

1h. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

A McPherson & Co Ltd

1i. Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets acquired under hire purchase contracts and finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.

1j. Critical Accounting Estimates And Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
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 underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period, or in the period of the revision and future periods where the revision affects both current and future periods.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 1 |  | 1

A McPherson & Co Ltd

3. TANGIBLE FIXED ASSETS |  |  |  |  |  |
|  | Land And |  | Plant and |  |
|  | Buildings |  | Machinery Etc. |  | Total
|  | £ |  | £ |  | £
Cost |  |  |  |  |  |
At 1 February 2024 |  | 35,000 |  | 185,288 |  | 220,288
Additions |  | - |  | 2,500 |  | 2,500
Disposals |  | - |  | (6,938) |  | (6,938)
At 31 January 2025 |  | 35,000 |  | 180,850 |  | 215,850
Depreciation |  |  |  |  |  |
At 1 February 2024 |  | - |  | 139,903 |  | 139,903
Disposals |  | - |  | (5,251) |  | (5,251)
For the year |  | - |  | 15,885 |  | 15,885
At 31 January 2025 |  | - |  | 150,537 |  | 150,537
Net Book Amounts |  |  |  |  |  |
At 31 January 2025 |  | 35,000 |  | 30,313 |  | 65,313
At 31 January 2024 |  | 35,000 |  | 45,385 |  | 80,385
Included in Land and Buildings are investment properties measued at fair value of £35,000 (2024 - £35,000). |  |

4. INVESTMENT PROPERTIES |  |  |  |
|  | Investment |  |
|  | Properties |  | Total
|  | £ |  | £
Fair value |  |  |  |
At 1 February 2024 |  | 35,000 |  | 35,000
At 31 January 2025 |  | 35,000 |  | 35,000
The investment properties were valued at fair value by the directors at 31 January 2025.

5. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year: |  |  |  |  |  |
Trade debtors |  |  |  | 9,330 |  | 13,087
VAT |  |  |  | 1,442 |  | -
Other debtors |  |  |  | 1 |  | 1
|  |  |  | 10,773 |  | 13,088

A McPherson & Co Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Trade creditors |  |  |  | 24 |  | 630
Taxation and social security |  |  |  | 5,655 |  | 12,289
Other creditors |  |  |  | 52,084 |  | 54,556
|  |  |  | 57,763 |  | 67,475
Obligations under hire purchase contracts totalling £7,009 (2024 - £9,801) are secured over equipment in the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Other creditors |  |  |  | 714 |  | 7,724
|  |  |  | 714 |  | 7,724
Included in other creditors are: |  |  |  |  |  |
Obligations under hire purchase |  |  |  | 714 |  | 7,724
Obligations under hire purchase contracts totalling £7,724 (2024 - £17,525) are secured over equipment in the company.

8. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
100 Ordinary of £100 each |  |  |  | 10000 |  | 10000
|  |  |  | 10,000 |  | 10,000

9. RELATED PARTY TRANSACTIONS
At the year end the directors had advanced interest free loans to the company of £42,720 (2024 - £42,720). There is no fixed repayment date, loans are repayable on demand.