REGISTERED NUMBER: SC062082 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

RICHARD MACKAY & SONS (DURNESS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R A Mackay

REGISTERED OFFICE:

Durine

Durness

Lairg

Sutherland

IV27 4PN

REGISTERED NUMBER:

SC062082 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

10 Knockbreck Street

Tain

Ross-Shire

IV19 1BJ

FIXED ASSETS

Tangible assets

4

121,953

133,462

CURRENT ASSETS

Stocks

40,706

30,729

Debtors

5

143,453

205,822

Cash at bank

347,042

251,723

531,201

488,274

CREDITORS

Amounts falling due within one year

6

160,877

210,488

NET CURRENT ASSETS

370,324

277,786

TOTAL ASSETS LESS CURRENT LIABILITIES

492,277

411,248

CREDITORS

Amounts falling due after more than one year

7

(16,816

)

(21,560

)

PROVISIONS FOR LIABILITIES

(29,462

)

(32,340

)

NET ASSETS

445,999

357,348

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

435,999

347,348

445,999

357,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 27th October 2025 and were signed by:

R A Mackay - Director

1.	STATUTORY INFORMATION

Richard Mackay & Sons (Durness) 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.

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.

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 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2024

and 31st January 2025

321,731

DEPRECIATION

At 1st February 2024

188,269

Charge for year

11,509

At 31st January 2025

199,778

NET BOOK VALUE

At 31st January 2025

121,953

At 31st January 2024

133,462

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,860

19,526

Other debtors

126,593

186,296

143,453

205,822

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

28,794

37,379

Taxation and social security

45,987

59,307

Other creditors

86,096

113,802

160,877

210,488

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

16,816

21,560