REGISTERED NUMBER: 02563480 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

L. J. MCLAREN ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L J W McLaren

Mr L McLaren

REGISTERED OFFICE:

Unit 6

Berwick Road Industrial Estate

Wooler

Northumberland

NE71 6SL

REGISTERED NUMBER:

02563480 (England and Wales)

ACCOUNTANTS:

Greaves Grindle

Chartered Accountants

Victoria House

Bondgate Within

Alnwick

Northumberland

NE66 1TA

BANKERS:

Bank of Scotland plc

13 Market Place

Wooler

Northumberland

NE71 6LJ

FIXED ASSETS

Tangible assets

4

324,486

295,601

Investments

5

760,391

352,156

1,084,877

647,757

CURRENT ASSETS

Stocks

13,658

69,749

Debtors

6

310,429

464,642

Cash at bank

229,439

206,531

553,526

740,922

CREDITORS

Amounts falling due within one year

7

295,999

273,412

NET CURRENT ASSETS

257,527

467,510

TOTAL ASSETS LESS CURRENT LIABILITIES

1,342,404

1,115,267

CREDITORS

Amounts falling due after more than one year

8

(4,167

)

(20,451

)

PROVISIONS FOR LIABILITIES

(60,373

)

(54,651

)

NET ASSETS

1,277,864

1,040,165

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

1,277,564

1,039,865

SHAREHOLDERS' FUNDS

1,277,864

1,040,165

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 1 December 2025 and were signed on its behalf by:

Mr L J W McLaren - Director

1.	STATUTORY INFORMATION

L. J. McLaren Engineering Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the historical cost convention. The company has taken advantage of the exemptions in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover

Turnover represents net invoiced sales of goods and work done, 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

-

2% on cost

Short leasehold

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 April 2024

125,432

11,101

512,459

Additions

-

-

45,710

At 31 March 2025

125,432

11,101

558,169

DEPRECIATION

At 1 April 2024

52,716

4,968

409,336

Charge for year

2,292

216

22,285

At 31 March 2025

55,008

5,184

431,621

NET BOOK VALUE

At 31 March 2025

70,424

5,917

126,548

At 31 March 2024

72,716

6,133

103,123

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

178,110

44,812

871,914

Additions

37,990

-

83,700

At 31 March 2025

216,100

44,812

955,614

DEPRECIATION

At 1 April 2024

69,939

39,354

576,313

Charge for year

29,227

795

54,815

At 31 March 2025

99,166

40,149

631,128

NET BOOK VALUE

At 31 March 2025

116,934

4,663

324,486

At 31 March 2024

108,171

5,458

295,601

5.	FIXED ASSET INVESTMENTS

Fixed asset investments are stated at open market value at 31 March 2025. Gains and losses are included in the profit and loss account.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

282,220

436,872

Other debtors

28,209

27,770

310,429

464,642

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

6,284

10,182

Trade creditors

54,755

66,781

Taxation and social security

158,053

118,714

Other creditors

66,907

67,735

295,999

273,412

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

6,284

Other creditors

4,167

14,167

4,167

20,451