REGISTERED NUMBER: SC243968 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Macfarlane Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G H MacFarlane

Ms D Pecyna

REGISTERED OFFICE:

Unit 20, Denmore Industrial Estate

Denmore Road

Bridge of Don

Aberdeen

AB23 8JW

REGISTERED NUMBER:

SC243968 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

4

107,915

76,918

CURRENT ASSETS

Stocks

611,249

460,255

Debtors

5

969,631

216,229

Cash at bank

1,254,430

1,769,688

2,835,310

2,446,172

CREDITORS

Amounts falling due within one year

6

402,104

361,217

NET CURRENT ASSETS

2,433,206

2,084,955

TOTAL ASSETS LESS CURRENT LIABILITIES

2,541,121

2,161,873

PROVISIONS FOR LIABILITIES

7

26,979

19,230

NET ASSETS

2,514,142

2,142,643

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

2,514,141

2,142,642

SHAREHOLDERS' FUNDS

2,514,142

2,142,643

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 December 2025 and were signed on its behalf by:

G H MacFarlane - Director

1.	STATUTORY INFORMATION

Macfarlane Technology 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

-

25% on cost and over the term of the lease

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

619,678

Additions

77,035

Disposals

(28,380

)

At 31 March 2025

668,333

DEPRECIATION

At 1 April 2024

542,760

Charge for year

35,902

Eliminated on disposal

(18,244

)

At 31 March 2025

560,418

NET BOOK VALUE

At 31 March 2025

107,915

At 31 March 2024

76,918

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

129,133

210,637

Other debtors

840,498

5,592

969,631

216,229

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

36,732

100,236

Taxation and social security

194,424

237,579

Other creditors

170,948

23,402

402,104

361,217

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

26,979

19,230

Deferred

tax

£

Balance at 1 April 2024

19,230

Accelerated capital allowances

7,749

Balance at 31 March 2025

26,979

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

G H MacFarlane

Balance outstanding at start of year

-

-

Amounts advanced

806,338

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

806,338

-

Interest is charged on the loan at HMRC approved rates.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G H MacFarlane.