Company Registration No. 14342377 (England and Wales)
McLean Roofing North Limited
Financial statements
for the year ended 30 September 2025
Pages for filing with the registrar
McLean Roofing North Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 8
McLean Roofing North Limited
Statement of financial position
As at 30 September 2025
30 September 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
-
0
769
Current assets
Stocks
66,370
72,410
Debtors
6
381,495
342,918
Cash at bank and in hand
210,576
144,654
658,441
559,982
Creditors: amounts falling due within one year
7
(403,766)
(405,449)
Net current assets
254,675
154,533
Total assets less current liabilities
254,675
155,302
Provisions for liabilities
(10,718)
(7,791)
Net assets
243,957
147,511
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
243,857
147,411
Total equity
243,957
147,511

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and are signed on its behalf by:
C McLean
Director
Company Registration No. 14342377
McLean Roofing North Limited
Notes to the financial statements
For the year ended 30 September 2025
2
1
Accounting policies
Company information

McLean Roofing North Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Chartwell House, Pinfold Road, Bourne, Lincolnshire, England, PE10 9HT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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 FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue is recognised when the company has satisfied its performance obligations to the customer. Revenue is measured as being the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of any discounts and VAT where applicable.

Revenue from contracts for the provision of services in relation to roofing installations is recognised over time by reference to the stage of completion. Projects in progress are reviewed and invoiced on a monthly basis to reflect the value of the work carried out in the period.

Payment is due throughout the duration of the project/contract based on the amounts invoiced and with reference to agreed credit terms.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any 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:

Leasehold land and buildings
Straight line over lease term

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

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

McLean Roofing North Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies (continued)
3

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

McLean Roofing North Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies (continued)
4
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

McLean Roofing North Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
1
Accounting policies (continued)
5
1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no critical accounting judgements or key sources of estimation uncertainty within these financial statements.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
1
4
Dividends
2025
2024
£
£
Final paid
59,670
9,598
McLean Roofing North Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
6
5
Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2024 and 30 September 2025
2,374
Depreciation and impairment
At 1 October 2024
1,605
Depreciation charged in the year
769
At 30 September 2025
2,374
Carrying amount
At 30 September 2025
-
0
At 30 September 2024
769
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
228,010
271,898
Amounts owed by group undertakings
20,000
-
0
Other debtors
48,899
4,334
296,909
276,232
2025
2024
Amounts falling due after more than one year:
£
£
Trade debtors
84,586
66,686
Total debtors
381,495
342,918
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
124,512
171,008
Amounts owed to group undertakings
125,347
134,922
Corporation tax
52,502
30,625
Other taxation and social security
14,051
19,020
Other creditors
87,354
49,874
403,766
405,449
McLean Roofing North Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
7
Creditors: amounts falling due within one year (continued)
7

Amounts owed to group undertakings are unsecured, interest-free and repayable on demand.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,000
10,000
100
100

All ordinary shares carry full voting rights together with the entitlement to dividend payments or any other distribution and to participate in a distribution arising from a winding up of the company. All shares are non-redeemable.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Alistair Hunt FCA
Statutory Auditors:
Saffery LLP
Date of audit report:
19 December 2025
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
56,593
4,071
11
Events after the reporting date

Dividends totalling £10,666 were paid to shareholders post year end.

12
Related party transactions
Transactions with related parties

During the year the company traded with the following entities in which A Morley and V Hughes are directors and/or shareholders:

McLean Roofing North Limited
Notes to the financial statements (continued)
For the year ended 30 September 2025
12
Related party transactions (continued)
8
Total sales
Total purchases
2025
2024
2025
2024
£
£
£
£
Entities over which individuals with significant influence or control over the entity have significant influence or control
1,405
6,594
187,862
145,871

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities over which individuals with significant influence or control over the entity have significant influence or control
43,261
134,922
2025
2024
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
99,141
-
13
Parent company

The ultimate parent company is Andrew Morley Business Consultancy Limited. The registered office address is 1st Floor Chartwell House, Pinfold Road, Bourne, England, PE10 9HT, a company registered in England and Wales. Copies of the group financial statements of Andrew Morley Business Consultancy Limited are available from Companies House, Crown Way, Cardiff, CF4 3UZ.

The ultimate controlling party is Andrew Morley, by virtue of his majority shareholding.

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