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REGISTERED NUMBER: SC624227 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

McPhabbs Ltd

McPhabbs Ltd (Registered number: SC624227)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

McPhabbs Ltd

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Christopher Paul Thynne

| Sophie Anne Mallon

| REGISTERED OFFICE: | Second Floor

| Airbles House

| 270 Airbles Road

| Motherwell

| ML1 3AT

| REGISTERED NUMBER: | SC624227 (Scotland)

| ACCOUNTANTS: | Accountants Plus

| Chartered Certified Accountants

| Second Floor

| Airbles House

| 270 Airbles Road

| Motherwell

| ML1 3AT

McPhabbs Ltd (Registered number: SC624227)

Statement of Financial Position

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 15,950 |  | 15,950 |  |

Tangible assets | 5 | 48,156 |  | 18,067 |  |

64,106 |  | 34,017 |  |

CURRENT ASSETS

Stocks | 13,728 |  | 11,080 |  |

Debtors | 6 | 132,126 |  | 63,076 |  |

Cash at bank and in hand | 47,604 |  | 81,728 |  |

193,458 |  | 155,884 |  |

CREDITORS

Amounts falling due within one year | 7 | 200,853 |  | 168,450 |  |

NET CURRENT LIABILITIES | (7,395 | ) | (12,566 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 56,711 |  | 21,451 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 5,834 |  | 15,833 |  |

NET ASSETS | 50,877 |  | 5,618 |  |

McPhabbs Ltd (Registered number: SC624227)

Statement of Financial Position - continued

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 50,777 |  | 5,518 |  |

50,877 |  | 5,618 |  |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

Sophie Anne Mallon - Director

Christopher Paul Thynne - Director

McPhabbs Ltd (Registered number: SC624227)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| McPhabbs 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.

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

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.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Computer equipment | - | 20% 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.

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and bank balances

| Cash and bank balances are measured at the transaction price.

McPhabbs Ltd (Registered number: SC624227)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 36 (2024 - 31 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 15,950 |  |

| NET BOOK VALUE

| At 31 March 2025 | 15,950 |  |

| At 31 March 2024 | 15,950 |  |

McPhabbs Ltd (Registered number: SC624227)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 18,213 |  | 12,190 |  | 1,370 |  | 31,773 |  |

| Additions | 8,119 |  | 32,096 |  | 1,913 |  | 42,128 |  |

| At 31 March 2025 | 26,332 |  | 44,286 |  | 3,283 |  | 73,901 |  |

| DEPRECIATION

| At 1 April 2024 | 8,612 |  | 4,820 |  | 274 |  | 13,706 |  |

| Charge for year | 3,544 |  | 7,893 |  | 602 |  | 12,039 |  |

| At 31 March 2025 | 12,156 |  | 12,713 |  | 876 |  | 25,745 |  |

| NET BOOK VALUE

| At 31 March 2025 | 14,176 |  | 31,573 |  | 2,407 |  | 48,156 |  |

| At 31 March 2024 | 9,601 |  | 7,370 |  | 1,096 |  | 18,067 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 20,076 |  | 19,316 |  |

| Amounts owed by participating interests | 61,694 |  | 1,711 |  |

| Other debtors | 44,196 |  | 36,932 |  |

| Prepayments and accrued income | 6,160 |  | 5,117 |  |

132,126 |  | 63,076 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Trade creditors | 64,164 |  | 66,475 |  |

| Amounts owed to participating interests | 43,744 |  | - |  |

| Social security and other taxes | 23,048 |  | 16,238 |  |

| VAT | 34,819 |  | 55,965 |  |

| Other creditors | 2,147 |  | 1,820 |  |

| Wages control | 20,106 |  | 15,426 |  |

| Accrued expenses | 2,825 |  | 2,526 |  |

200,853 |  | 168,450 |  |

McPhabbs Ltd (Registered number: SC624227)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 5,834 |  | 15,833 |  |