MCCULLOCH RISK MANAGEMENT LIMITED


Director	Gordon Arthur Hill


Company Secretary	Lesley Anne Hill


Registered Address	28 Southerton Crescent
	Kirkcaldy
	KY2 5ND


Registered Number	SC374713 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,265		1,931
			1,265		1,931
Current assets
Debtors	4	25,862		20,878
Cash at bank and on hand		19,474		10,199
		45,336		31,077
Creditors amounts falling due within one year	5	(36,035)		(26,343)
Net current assets (liabilities)			9,301		4,734
Total assets less current liabilities			10,566		6,665
Creditors amounts falling due after one year	6		(883)		(6,183)
Provisions for liabilities			(240)		(367)
Net assets			9,443		115
Capital and reserves
Called up share capital			100		100
Profit and loss account			9,343		15
Shareholders' funds			9,443		115

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 October 2025, and are signed on its behalf by:

Gordon Arthur Hill
Director
Registered Company No. SC374713

MCCULLOCH RISK MANAGEMENT LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Office Equipment	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		3

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	3,103	1,974	5,077
Additions	-	280	280
At 31 March 25	3,103	2,254	5,357
Depreciation and impairment
At 01 April 24	1,832	1,314	3,146
Charge for year	368	578	946
At 31 March 25	2,200	1,892	4,092
Net book value
At 31 March 25	903	362	1,265
At 31 March 24	1,271	660	1,931

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	25,620	20,640
Prepayments and accrued income	242	238
Total	25,862	20,878

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	6,011	2,073
Bank borrowings and overdrafts	5,300	5,300
Taxation and social security	10,450	6,460
Other creditors	13,223	11,690
Accrued liabilities and deferred income	1,051	820
Total	36,035	26,343

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	883	6,183
Total	883	6,183