REGISTERED NUMBER: SC230962 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025

FOR

MAKAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Edgar

Dr J K Leggett

G Newman

SECRETARY:

REGISTERED OFFICE:

Clachandreggy

Torbreck

Inverness

Highland

IV2 6DJ

REGISTERED NUMBER:

SC230962 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

25 Baron Taylors Street

Inverness

Highland

IV1 1QG

FIXED ASSETS

Intangible assets

4

300,109

342,982

Tangible assets

5

378,344

390,868

678,453

733,850

CURRENT ASSETS

Stocks

40,877

26,908

Debtors

6

143,162

183,713

Cash at bank and in hand

58,500

15,500

242,539

226,121

CREDITORS

Amounts falling due within one year

7

177,716

2,897,018

NET CURRENT ASSETS/(LIABILITIES)

64,823

(2,670,897

)

TOTAL ASSETS LESS CURRENT LIABILITIES

743,276

(1,937,047

)

CREDITORS

Amounts falling due after more than one year

8

78,243

140,512

NET ASSETS/(LIABILITIES)

665,033

(2,077,559

)

CAPITAL AND RESERVES

Called up share capital

4,399,766

255,173

Share premium

498,900

1,290,042

Revaluation reserve

9

42,368

42,368

Retained earnings

(4,276,001

)

(3,665,142

)

665,033

(2,077,559

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 28th November 2025 and were signed on its behalf by:

N Edgar - Director

1.	STATUTORY INFORMATION

Makar 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% 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.

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 23 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st May 2024

and 30th April 2025

428,728

AMORTISATION

At 1st May 2024

85,746

Charge for year

42,873

At 30th April 2025

128,619

NET BOOK VALUE

At 30th April 2025

300,109

At 30th April 2024

342,982

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st May 2024

487,801

344,858

832,659

Additions

-

6,682

6,682

At 30th April 2025

487,801

351,540

839,341

DEPRECIATION

At 1st May 2024

187,801

253,990

441,791

Charge for year

-

19,206

19,206

At 30th April 2025

187,801

273,196

460,997

NET BOOK VALUE

At 30th April 2025

300,000

78,344

378,344

At 30th April 2024

300,000

90,868

390,868

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,008

52,000

Other debtors

125,154

131,713

143,162

183,713

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

10,045

Trade creditors

2,010

276,685

Taxation and social security

15,127

218,665

Other creditors

160,579

2,391,623

177,716

2,897,018

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

78,243

140,512

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

59,827

74,261

Other creditors include a loan of £70,000, which is secured by a floating charge over the assets of the Company.

9.

RESERVES

Revaluation

reserve

£

At 1st May 2024

and 30th April 2025

42,368

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2025 and 30th April 2024:

2025

2024

£

£

N G Sutherland

Balance outstanding at start of year

(2,877

)

11,577

Amounts advanced

2,877

17,809

Amounts repaid

-

(32,263

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(2,877

)