Marwick Brothers Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: SC411353

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		610		11,498

			610		11,498
CURRENT ASSETS
Debtors	5	8,965		11,928
Cash at bank and in hand		50,883		34,362

		59,848		46,290
Creditors: Amounts Falling Due Within One Year	6	(34,177 )		(29,609 )

NET CURRENT ASSETS (LIABILITIES)			25,671		16,681

TOTAL ASSETS LESS CURRENT LIABILITIES			26,281		28,179

PROVISIONS FOR LIABILITIES
Deferred Taxation			(116 )		(2,185 )

NET ASSETS			26,165		25,994

CAPITAL AND RESERVES
Called up share capital	7		10		10
Income Statement			26,155		25,984

SHAREHOLDERS' FUNDS			26,165		25,994

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Marwick Brothers Limited

Statement of Financial Position (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Garry Marwick

Director

23 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Marwick Brothers Limited is a private company, limited by shares, incorporated in Scotland, registered number SC411353 . The registered office is Fernbrae, St Martin's Road, Balbeggie, Perth, PH2 6EX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents income from electricity generation, net of VAT. Income is calculated on the units generated within the financial year.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

10% on cost and 25% on reducing balance

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors re initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the 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.

...CONTINUED

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Marwick Brothers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.4. Financial Instruments - continued

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business 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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 February 2024	108,047

As at 31 January 2025	108,047

Depreciation
As at 1 February 2024	96,549
Provided during the period	10,888

As at 31 January 2025	107,437

...CONTINUED

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Marwick Brothers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Net Book Value
As at 31 January 2025	610

As at 1 February 2024	11,498

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	8,965	11,928

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	96
Corporation tax	4,454	3,498
Other creditors	670	670
Directors' loan accounts	29,053	25,345

	34,177	29,609

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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