REGISTERED NUMBER: SC055316 (Scotland)

ANGUS MACIVER LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr John Alexander Maciver

Mr Norman Maciver

Mr Mark McGee Maciver

SECRETARY:

Mr John Alexander Maciver

REGISTERED OFFICE:

18 Bells Road

Stornoway

Isle of Lewis

HS1 2RA

REGISTERED NUMBER:

SC055316 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

5

1,751,844

1,573,316

Investments

6

95,956

55,936

1,847,800

1,629,252

CURRENT ASSETS

Stocks

238,150

245,450

Debtors

7

333,076

279,068

Cash at bank and in hand

173,979

232,097

745,205

756,615

CREDITORS

Amounts falling due within one year

8

454,254

453,561

NET CURRENT ASSETS

290,951

303,054

TOTAL ASSETS LESS CURRENT LIABILITIES

2,138,751

1,932,306

CREDITORS

Amounts falling due after more than one year

9

(205,310

)

(20,847

)

PROVISIONS FOR LIABILITIES

(138,710

)

(149,041

)

NET ASSETS

1,794,731

1,762,418

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Revaluation reserve

10

261,349

261,349

Retained earnings

1,483,382

1,451,069

SHAREHOLDERS' FUNDS

1,794,731

1,762,418

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by:

Mr John Alexander Maciver - Director

1.	STATUTORY INFORMATION

Angus Maciver 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The accounts are rounded to the nearest £1.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

The estimated useful life of fixed assets and their residual value is the only area of significant judgements and estimates.

Turnover

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

Turnover represents income receivable from the sale of building materials, gas and household products and from training, skip hire and hire agency fees in the period, excluding Value Added Tax.

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

-

not provided

Improvements to property

-

10% depreciation on cost

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% depreciation on reducing balance

Computer equipment

-

25% depreciation on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

1,189,741

103,682

1,030,590

Additions

241,171

-

53,132

At 31 March 2025

1,430,912

103,682

1,083,722

DEPRECIATION

At 1 April 2024

276,533

56,365

525,498

Charge for year

-

9,229

94,775

At 31 March 2025

276,533

65,594

620,273

NET BOOK VALUE

At 31 March 2025

1,154,379

38,088

463,449

At 31 March 2024

913,208

47,317

505,092

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

58,905

281,072

2,686

2,666,676

Additions

-

16,020

-

310,323

At 31 March 2025

58,905

297,092

2,686

2,976,999

DEPRECIATION

At 1 April 2024

36,696

197,345

923

1,093,360

Charge for year

4,451

22,899

441

131,795

At 31 March 2025

41,147

220,244

1,364

1,225,155

NET BOOK VALUE

At 31 March 2025

17,758

76,848

1,322

1,751,844

At 31 March 2024

22,209

83,727

1,763

1,573,316

Included in cost of land and buildings is freehold land of £ 25,000 (2024 - £ 25,000 ) which is not depreciated.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

55,936

Additions

40,020

At 31 March 2025

95,956

NET BOOK VALUE

At 31 March 2025

95,956

At 31 March 2024

55,936

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

330,307

276,299

Other debtors

2,769

2,769

333,076

279,068

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts and finance leases

30,446

60,811

Trade creditors

237,632

248,935

Taxation and social security

99,528

19,300

Other creditors

86,648

124,515

454,254

453,561

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts and finance leases

17,598

20,847

Other creditors

187,712

-

205,310

20,847

Amounts falling due in more than five years:

Repayable by instalments

Bank loan over 5 years

147,712

-

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

261,349

11.	RELATED PARTY DISCLOSURES

Creditors include loans from directors of £43,393 (2024: £47,568). There are no defined repayment terms and no interest is being charged.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.