REGISTERED NUMBER: SC462470 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Shane Maclennan Plant Contractors

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

S F D Maclennan

A Maclennan

Registered office:

Lower Leanassie

Kilmorack

Beauly

IV4 7AF

Registered number:

SC462470 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

623,821

557,621

623,821

557,621

Current assets

Stocks

1,700

37,000

Debtors

6

121,764

79,848

123,464

116,848

Creditors

Amounts falling due within one year

7

297,334

271,983

Net current liabilities

(173,870

)

(155,135

)

Total assets less current liabilities

449,951

402,486

Creditors

Amounts falling due after more than one year

8

(158,207

)

(145,376

)

Provisions for liabilities

(155,955

)

(135,729

)

Net assets

135,789

121,381

Capital and reserves

Called up share capital

100

100

Retained earnings

135,689

121,281

135,789

121,381

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th December 2025 and were signed on its behalf by:

S F D Maclennan - Director

1.	Statutory information

Shane Maclennan Plant Contractors 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 reducing balance and 10% on cost

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 Statement of Income and Retained Earnings, 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.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

The average number of employees during the year was 7 (2024 - 10 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st April 2024

and 31st March 2025

120,000

Amortisation

At 1st April 2024

and 31st March 2025

120,000

Net book value

At 31st March 2025

-

At 31st March 2024

-

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1st April 2024

938,384

65,545

116,941

8,142

1,129,012

Additions

195,109

-

99,804

1,151

296,064

Disposals

(12,000

)

-

(38,292

)

-

(50,292

)

At 31st March 2025

1,121,493

65,545

178,453

9,293

1,374,784

Depreciation

At 1st April 2024

455,105

50,837

59,869

5,580

571,391

Charge for year

167,347

6,554

36,948

928

211,777

Eliminated on disposal

(3,000

)

-

(29,205

)

-

(32,205

)

At 31st March 2025

619,452

57,391

67,612

6,508

750,963

Net book value

At 31st March 2025

502,041

8,154

110,841

2,785

623,821

At 31st March 2024

483,279

14,708

57,072

2,562

557,621

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

47,866

79,668

Amounts recoverable on contract

30,224

-

Other debtors

43,674

180

121,764

79,848

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

26,855

47,563

Hire purchase contracts

213,185

130,713

Trade creditors

21,825

60,664

Taxation and social security

21,302

22,376

Other creditors

14,167

10,667

297,334

271,983

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

3,900

14,108

Hire purchase contracts

154,307

131,268

158,207

145,376