REGISTERED NUMBER: SC543031 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

MacNeil Coaches Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

MacNeil Coaches Ltd

REGISTERED OFFICE:

10 Davidson Drive

Dingwall

Ross-shire

IV15 9LP

REGISTERED NUMBER:

SC543031 (Scotland)

ACCOUNTANTS:

Mackay & Co CA

3 Fodderty Way

Dingwall

Ross-shire

IV15 9XB

FIXED ASSETS

Tangible assets

4

72,327

82,207

CURRENT ASSETS

Debtors

5

13,849

7,981

Cash at bank

27,583

40,207

41,432

48,188

CREDITORS

Amounts falling due within one year

6

83,806

75,437

NET CURRENT LIABILITIES

(42,374

)

(27,249

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,953

54,958

CREDITORS

Amounts falling due after more than one year

7

-

(20,000

)

PROVISIONS FOR LIABILITIES

(10,271

)

(10,271

)

NET ASSETS

19,682

24,687

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,582

24,587

SHAREHOLDERS' FUNDS

19,682

24,687

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges its 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 director and authorised for issue on 27 October 2025 and were signed by:

MacNeil Coaches Ltd - Director

1.	STATUTORY INFORMATION

MacNeil Coaches 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.

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.

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 etc

-

50% on cost, 20% on reducing balance and at variable rates on reducing balance

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

241,481

Additions

11,167

At 31 August 2025

252,648

DEPRECIATION

At 1 September 2024

159,274

Charge for year

21,047

At 31 August 2025

180,321

NET BOOK VALUE

At 31 August 2025

72,327

At 31 August 2024

82,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

1,815

2,490

Other debtors

12,034

5,491

13,849

7,981

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

20,000

20,000

Trade creditors

1,239

1,483

Other creditors

62,567

53,954

83,806

75,437

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

20,000

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MacNeil Coaches Ltd for the year ended 31 August 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of MacNeil Coaches Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MacNeil Coaches Ltd and state those matters that we have agreed to state to the director of MacNeil Coaches Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that MacNeil Coaches Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MacNeil Coaches Ltd. You consider that MacNeil Coaches Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MacNeil Coaches Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mackay & Co CA

3 Fodderty Way

Dingwall

Ross-shire

IV15 9XB

Date: .............................................