R C McLeish Insurance Consultants Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC245900

R C McLeish Insurance Consultants Ltd

Filleted Unaudited Abridged Financial Statements

For the year ended

30 June 2025

R C McLeish Insurance Consultants Ltd

Abridged Financial Statements

Year ended 30 June 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

R C McLeish Insurance Consultants Ltd

Abridged Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6	57,416	60,458
Investments	7	55,351	76,577
		---------	---------
		112,767	137,035

Current assets

Debtors	10,709	10,247
Cash at bank and in hand	23,991	21,836
	--------	--------
	34,700	32,083

Creditors: amounts falling due within one year	73,482		63,385
	--------		--------
Net current liabilities		38,782	31,302
		---------	---------
Total assets less current liabilities		73,985	105,733

Provisions

Taxation including deferred tax	618	981
	--------	---------
Net assets	73,367	104,752
	--------	---------

R C McLeish Insurance Consultants Ltd

Abridged Statement of Financial Position (continued)

30 June 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Non distributable reserve	7,564	8,123
Profit and loss account	65,703	96,529
	--------	---------
Shareholders funds	73,367	104,752
	--------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr G McLeish

Director

Company registration number: SC245900

R C McLeish Insurance Consultants Ltd

Notes to the Abridged Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 37-39 Wellgate, Lanark, Lanarkshire, ML11 9DS.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the company's ability to continue. The accounts have been prepared on the going concern basis reflecting the continuing support of the directors.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered and commissions. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	2% reducing balance
Plant and machinery	-	40% reducing balance
Fixtures and fittings	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Other investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Investments are measured at cost less impairment. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 4 ).

5. Intangible assets

	£
Cost
At 1 July 2024 and 30 June 2025	43,000
	--------
Amortisation
At 1 July 2024 and 30 June 2025	43,000
	--------
Carrying amount
At 30 June 2025	–
	--------
At 30 June 2024	–
	--------

6. Tangible assets

	£
Cost
At 1 July 2024 and 30 June 2025	100,189
	---------
Depreciation
At 1 July 2024	39,731
Charge for the year	3,042
	---------
At 30 June 2025	42,773
	---------
Carrying amount
At 30 June 2025	57,416
	---------
At 30 June 2024	60,458
	---------

7. Investments

	£
Cost or valuation
At 1 July 2024	76,577
Disposals	( 20,667)
Revaluations	( 559)
	--------
At 30 June 2025	55,351
	--------
Impairment
At 1 July 2024 and 30 June 2025	–
	--------
Carrying amount
At 30 June 2025	55,351
	--------
At 30 June 2024	76,577
	--------

8. Directors' advances, credits and guarantees

The directors' loan account was not in debit at any time during the year.