MACVENT SM LIMITED


Directors	Mrs S A Dick
	Mr A McCartney


Registered Address	42 Watt Road
	Hillington
	Glasgow
	G52 4RY


Registered Number	SC473860 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		58,650		-
Tangible assets	4		38,878		2,753
			97,528		2,753
Current assets
Stocks		44,716		-
Debtors	5	73,263		82,969
Cash at bank and on hand		21		6
		118,000		82,975
Creditors amounts falling due within one year	6	(203,314)		(85,557)
Net current assets (liabilities)			(85,314)		(2,582)
Total assets less current liabilities			12,214		171
Creditors amounts falling due after one year	7		(3,330)		-
Provisions for liabilities			(7,692)		-
Net assets			1,192		171
Capital and reserves
Called up share capital			2		2
Profit and loss account			1,190		169
Shareholders' funds			1,192		171

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 August 2025, and are signed on its behalf by:

Mr A McCartney
Director

Mrs S A Dick
Director

Registered Company No. SC473860

MACVENT SM LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered office is 42 Watt Road, Hillington, Glasgow, Scotland, G52 4RY.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when a service is delivered to the customer. Unbilled work is recognised as turnover in accordance with FRS 102 and is included within debtors as amounts recoverable on contracts.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be five years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment - 25% on reducing balance Motor vehicles - 25% on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Tangible fixed assets and depreciation

Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment                                                     - 25% on reducing balance
Motor vehicles                                                               - 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

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

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately within current liabilities.

	Financial instruments
	The company only enters into basic financial instruments that result in the recognition of financial assets like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		7

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
Additions	69,000	69,000
At 31 March 25	69,000	69,000
Amortisation and impairment
Charge for year	10,350	10,350
At 31 March 25	10,350	10,350
Net book value
At 31 March 25	58,650	58,650
At 31 March 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 April 24	3,670	-	3,670
Additions	35,482	10,899	46,381
At 31 March 25	39,152	10,899	50,051
Depreciation and impairment
At 01 April 24	917	-	917
Charge for year	7,531	2,725	10,256
At 31 March 25	8,448	2,725	11,173
Net book value
At 31 March 25	30,704	8,174	38,878
At 31 March 24	2,753	-	2,753

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	49,663	56,750
Other debtors	19,787	22,866
Prepayments and accrued income	3,813	3,353
Total	73,263	82,969

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	58,525	35,072
Bank borrowings and overdrafts	5,561	8,185
Taxation and social security	25,810	18,804
Finance lease and HP contracts	3,633	-
Other creditors	101,391	20,346
Accrued liabilities and deferred income	8,394	3,150
Total	203,314	85,557

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	3,330	-
Total	3,330	-

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	3,330		-


	The net book value of fixed assets held under hire purchase was £8,174 as at 31 March 2025.

9.	Related party transactions
	As at the year ended 31 March 2025 the directors were owed £82,516 by the company (2024: the director's owed the company £12,000).