REGISTERED NUMBER: SC066401 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

McNair Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Henderson

I E McNair

REGISTERED OFFICE:

11/12 Lovat Place

Hillington Industrial Estate

Glasgow

G52 4XE

REGISTERED NUMBER:

SC066401 (Scotland)

ACCOUNTANTS:

McEwen & Company CA

2 Broadcroft

Kirkintilloch

Glasgow

G66 1HP

FIXED ASSETS

Tangible assets

4

305,406

336,944

CURRENT ASSETS

Stocks

47,041

123,913

Debtors

5

161,587

142,091

Cash at bank

1,035,070

1,005,614

1,243,698

1,271,618

CREDITORS

Amounts falling due within one year

6

163,691

274,042

NET CURRENT ASSETS

1,080,007

997,576

TOTAL ASSETS LESS CURRENT LIABILITIES

1,385,413

1,334,520

PROVISIONS FOR LIABILITIES

-

4,173

NET ASSETS

1,385,413

1,330,347

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

7

161,553

161,553

Retained earnings

1,222,860

1,167,794

1,385,413

1,330,347

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

I E McNair - Director

1.	STATUTORY INFORMATION

McNair Engineering 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.

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

-

33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 10 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

262,750

727,022

989,772

Additions

-

3,398

3,398

Disposals

-

(116,596

)

(116,596

)

At 31 May 2025

262,750

613,824

876,574

DEPRECIATION

At 1 June 2024

-

652,828

652,828

Charge for year

-

14,932

14,932

Eliminated on disposal

-

(96,592

)

(96,592

)

At 31 May 2025

-

571,168

571,168

NET BOOK VALUE

At 31 May 2025

262,750

42,656

305,406

At 31 May 2024

262,750

74,194

336,944

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

139,351

124,302

Other debtors

22,236

17,789

161,587

142,091

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

94,010

40,720

Taxation and social security

60,926

127,220

Other creditors

8,755

106,102

163,691

274,042

7.

RESERVES

Revaluation

reserve

£

At 1 June 2024

and 31 May 2025

161,553

8.	ULTIMATE CONTROLLING PARTY

The controlling party is I E McNair.