REGISTERED NUMBER: SC034095

ANDREW MCDICKEN LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

14,991

19,991

Tangible assets

5

61,924

76,193

76,915

96,184

CURRENT ASSETS

Stocks

9,787

10,324

Debtors

6

127,285

140,043

Cash at bank and in hand

28,769

31,943

165,841

182,310

CREDITORS

Amounts falling due within one year

7

193,377

190,579

NET CURRENT LIABILITIES

(27,536

)

(8,269

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,379

87,915

CREDITORS

Amounts falling due after more than one year

8

(29,550

)

(51,350

)

PROVISIONS FOR LIABILITIES

(11,154

)

(13,731

)

NET ASSETS

8,675

22,834

CAPITAL AND RESERVES

Called up share capital

5,240

5,240

Retained earnings

3,435

17,594

SHAREHOLDERS' FUNDS

8,675

22,834

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 24 November 2025 and were signed on its behalf by:

G A Fraser - Director

1.	STATUTORY INFORMATION

Andrew McDicken Limited is a private company, limited by shares, registered in Scotland. The registered office is Unit D16 Fishmarket, Blochairn Road, Glasgow, G21 2DU.

The financial statements are presented in Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from the standard. The financial statements have been prepared under historical cost convention.

Judgements

The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements.

The directors consider there are no such significant judgements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. The company's policy is to recognise a sale when substantially all the risks and rewards in connection with the goods have been passed to the buyer.

Goodwill

Goodwill represents the amounts paid in connection with the acquisition of a business with a similar principal activity in 2008 and a further business acquired in 2016. Goodwill is capitalised and is being amortised evenly over the estimated useful lives of twenty years and five years respectively.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are included at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill, plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans from related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised in the balance sheet. The capital element of the future payments is treated as a liability. The interest element of the obligations is charged to the Profit and Loss Account over the relevant period.

Pension costs and other post-retirement benefits

The company operates defined contribution pension schemes for the directors. The assets of the schemes are held separately from those of the company. The annual contributions payable are charged to the Profit and Loss Account.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of the ownership remain with the lessor, are charged against profits on a straight line basis over the period of the lease.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

129,995

AMORTISATION

At 1 June 2024

110,004

Charge for year

5,000

At 31 May 2025

115,004

NET BOOK VALUE

At 31 May 2025

14,991

At 31 May 2024

19,991

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

2,620

87,038

109,000

198,658

Additions

-

4,156

-

4,156

At 31 May 2025

2,620

91,194

109,000

202,814

DEPRECIATION

At 1 June 2024

2,268

74,572

45,625

122,465

Charge for year

88

2,493

15,844

18,425

At 31 May 2025

2,356

77,065

61,469

140,890

NET BOOK VALUE

At 31 May 2025

264

14,129

47,531

61,924

At 31 May 2024

352

12,466

63,375

76,193

Included in the total net book value of tangible fixed assets held at 31 May 2025 was £47,531 (2024 : £63,375) pledged as security against hire purchase obligations.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

111,285

121,230

Other debtors

16,000

18,813

127,285

140,043

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

21,800

21,800

Trade creditors

146,434

146,093

Taxation and social security

19,678

16,157

Other creditors

5,465

6,529

193,377

190,579

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

29,550

51,350

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

51,350

73,150

Hire purchase obligations are secured over the assets to which they relate.

10.	OPERATING LEASES

The company has future operating lease commitments totalling £8,580 (2024: £8,580)