M & M Purchasing Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC735176 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

M & M Purchasing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miles McMillan

Ms Mia McMillan

REGISTERED OFFICE:

7 Titwood Road

Glasgow

G41 2DD

REGISTERED NUMBER:

SC735176 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

798,928

811,511

CURRENT ASSETS

Debtors

5

30,300

36,300

Cash at bank

395

7,161

30,695

43,461

CREDITORS

Amounts falling due within one year

6

171,324

219,032

NET CURRENT LIABILITIES

(140,629

)

(175,571

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

658,299

635,940

CREDITORS

Amounts falling due after more than one
year

7

639,498

649,296

NET ASSETS/(LIABILITIES)

18,801

(13,356

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

18,701

(13,456

)

SHAREHOLDERS' FUNDS

18,801

(13,356

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

Miles McMillan - Director

1.	STATUTORY INFORMATION

M & M Purchasing Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Heritable property

-

not provided

Plant and machinery

-

20% on reducing balance

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Heritable

Plant and

property

machinery

Totals

£

COST

At 1 April 2024

and 31 March 2025

748,598

87,833

836,431

DEPRECIATION

At 1 April 2024

-

24,920

Charge for year

-

12,583

At 31 March 2025

-

37,503

NET BOOK VALUE

At 31 March 2025

748,598

50,330

798,928

At 31 March 2024

748,598

62,913

811,511

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

30,300

36,300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

71,300

Trade creditors

-

1,573

Amounts owed to group undertakings

95,424

Taxation and social security

3,700

10,535

Other creditors

900

40,200

171,324

219,032

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

639,498

649,296

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

354,298

364,096

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

710,798

720,596

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100