Silverfin false false 31/05/2025 01/06/2024 31/05/2025 E A Maxwell 10/04/1992 J W Maxwell 01/01/1996 R D Maxwell 07/04/2022 E A Maxwell 30 January 2026 The principal activity of the Company during the financial year was the provision of architect and designers' services. SC137095 2025-05-31 SC137095 bus:Director1 2025-05-31 SC137095 bus:Director2 2025-05-31 SC137095 bus:Director3 2025-05-31 SC137095 2024-05-31 SC137095 core:CurrentFinancialInstruments 2025-05-31 SC137095 core:CurrentFinancialInstruments 2024-05-31 SC137095 core:Non-currentFinancialInstruments 2025-05-31 SC137095 core:Non-currentFinancialInstruments 2024-05-31 SC137095 core:ShareCapital 2025-05-31 SC137095 core:ShareCapital 2024-05-31 SC137095 core:RetainedEarningsAccumulatedLosses 2025-05-31 SC137095 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC137095 core:LandBuildings 2024-05-31 SC137095 core:PlantMachinery 2024-05-31 SC137095 core:Vehicles 2024-05-31 SC137095 core:FurnitureFittings 2024-05-31 SC137095 core:OfficeEquipment 2024-05-31 SC137095 core:ComputerEquipment 2024-05-31 SC137095 core:LandBuildings 2025-05-31 SC137095 core:PlantMachinery 2025-05-31 SC137095 core:Vehicles 2025-05-31 SC137095 core:FurnitureFittings 2025-05-31 SC137095 core:OfficeEquipment 2025-05-31 SC137095 core:ComputerEquipment 2025-05-31 SC137095 core:UnlistedNon-exchangeTraded core:WithinOneYear 2025-05-31 SC137095 core:UnlistedNon-exchangeTraded core:WithinOneYear 2024-05-31 SC137095 core:CurrentFinancialInstruments core:Secured 2025-05-31 SC137095 2023-05-31 SC137095 bus:OrdinaryShareClass1 2025-05-31 SC137095 2024-06-01 2025-05-31 SC137095 bus:FilletedAccounts 2024-06-01 2025-05-31 SC137095 bus:SmallEntities 2024-06-01 2025-05-31 SC137095 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 SC137095 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC137095 bus:Director1 2024-06-01 2025-05-31 SC137095 bus:Director2 2024-06-01 2025-05-31 SC137095 bus:Director3 2024-06-01 2025-05-31 SC137095 bus:CompanySecretary1 2024-06-01 2025-05-31 SC137095 core:LandBuildings core:TopRangeValue 2024-06-01 2025-05-31 SC137095 core:PlantMachinery 2024-06-01 2025-05-31 SC137095 core:Vehicles 2024-06-01 2025-05-31 SC137095 core:FurnitureFittings 2024-06-01 2025-05-31 SC137095 core:OfficeEquipment core:TopRangeValue 2024-06-01 2025-05-31 SC137095 core:ComputerEquipment core:TopRangeValue 2024-06-01 2025-05-31 SC137095 2023-06-01 2024-05-31 SC137095 core:LandBuildings 2024-06-01 2025-05-31 SC137095 core:OfficeEquipment 2024-06-01 2025-05-31 SC137095 core:ComputerEquipment 2024-06-01 2025-05-31 SC137095 core:CurrentFinancialInstruments 2024-06-01 2025-05-31 SC137095 core:Non-currentFinancialInstruments 2024-06-01 2025-05-31 SC137095 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 SC137095 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC137095 (Scotland)

# MAXWELL & COMPANY ARCHITECTS AND DESIGNERS LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH THE REGISTRAR

MAXWELL & COMPANY ARCHITECTS AND DESIGNERS LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

Contents

MAXWELL & COMPANY ARCHITECTS AND DESIGNERS LIMITED

## BALANCE SHEET

AS AT 31 MAY 2025
MAXWELL & COMPANY ARCHITECTS AND DESIGNERS LIMITED

## BALANCE SHEET (continued)

AS AT 31 MAY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 619,507 |  | 654,810
|  | 619,507 |  | 654,810
Current assets |  |  |  |
Stocks |  | 1,650 |  | 1,500
Debtors | 4 | 130,274 |  | 192,316
Investments | 5 | 0 |  | 1
Cash at bank and in hand |  | 655,095 |  | 655,610
|  | 787,019 |  | 849,427
Creditors: amounts falling due within one year | 6 | ( 176,374) |  | ( 235,292)
Net current assets |  | 610,645 |  | 614,135
Total assets less current liabilities |  | 1,230,152 |  | 1,268,945
Creditors: amounts falling due after more than one year | 7 | ( 8,334) |  | ( 18,333)
Provision for liabilities | 8 | ( 5,623) |  | ( 10,109)
Net assets |  | 1,216,195 |  | 1,240,503
Capital and reserves |  |  |  |
Called-up share capital | 9 | 100 |  | 100
Profit and loss account |  | 1,216,095 |  | 1,240,403
Total shareholders' funds |  | 1,216,195 |  | 1,240,503

For the financial year ending 31 May 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Maxwell & Company Architects And Designers Limited (registered number: SC137095) were approved and authorised for issue by the Board of Directors on 30 January 2026. They were signed on its behalf by:

J W Maxwell Director |

MAXWELL & COMPANY ARCHITECTS AND DESIGNERS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
MAXWELL & COMPANY ARCHITECTS AND DESIGNERS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Maxwell & Company Architects And Designers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Larkfield, 23 Southside Road, Inverness, IV2 3BG.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is the total amount receivable for services and disbursements exclusive of Value Added Tax. Turnover is recognised when the right to consideration has arisen through the performance under each service contract. Consideration accrues as the contract progresses by reference to the value of work performed.
Turnover which has not been invoiced at the balance sheet date is shown as amounts recoverable on contract.

##### Employee benefits

Short term benefits
The cost 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.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 15 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 15 % reducing balance
Office equipment | 5 years straight line
Computer equipment | 4 years straight line

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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

##### Fixed asset investments

Fixed asset investments are stated at cost less provision for diminution in value.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, 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 payments 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. Amounts 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 10 |  | 10

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |  |  |
At 01 June 2024 | 727,950 |  | 32,862 |  | 100,056 |  | 97,850 |  | 4,670 |  | 25,576 |  | 988,964
Additions | 0 |  | 0 |  | 0 |  | 7,000 |  | 0 |  | 20,314 |  | 27,314
Disposals | 0 |  | 0 |  | 0 |  | ( 13,598) |  | 0 |  | 0 |  | ( 13,598)
At 31 May 2025 | 727,950 |  | 32,862 |  | 100,056 |  | 91,252 |  | 4,670 |  | 45,890 |  | 1,002,680
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |  |
At 01 June 2024 | 237,273 |  | 25,266 |  | 12,507 |  | 43,331 |  | 928 |  | 14,849 |  | 334,154
Charge for the financial year | 14,559 |  | 1,140 |  | 21,887 |  | 7,707 |  | 934 |  | 5,498 |  | 51,725
Disposals | 0 |  | 0 |  | 0 |  | ( 2,706) |  | 0 |  | 0 |  | ( 2,706)
At 31 May 2025 | 251,832 |  | 26,406 |  | 34,394 |  | 48,332 |  | 1,862 |  | 20,347 |  | 383,173
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |
At 31 May 2025 | 476,118 |  | 6,456 |  | 65,662 |  | 42,920 |  | 2,808 |  | 25,543 |  | 619,507
At 31 May 2024 | 490,677 |  | 7,596 |  | 87,549 |  | 54,519 |  | 3,742 |  | 10,727 |  | 654,810

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 36,328 |  | 134,046
Other debtors | 93,946 |  | 58,270
| 130,274 |  | 192,316

#### 5. Current asset investments

| 2025 |  | 2024
| £ |  | £
Other investments – at cost less impairment | 0 |  | 1

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 10,000 |  | 10,000
Trade creditors | 17,930 |  | 16,634
Taxation and social security | 77,845 |  | 166,854
Other creditors | 70,599 |  | 41,804
| 176,374 |  | 235,292

The bank loan consists of a Coronavirus Bounce Bank loan of £10,000 (2024 - £10,000) which is guaranteed by the UK Government.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 8,334 |  | 18,333

The bank loan consists of a Coronavirus Bounce Bank Loan of £8,334 (2024 - £18,333) which is guaranteed by the UK Government.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 10,109) |  | ( 13,007)
Credited to the Statement of Income and Retained Earnings | 4,486 |  | 2,898
At the end of financial year | ( 5,623) |  | ( 10,109)

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Directors - EA & JW Maxwell | 16,263 |  | 1,965
Director - RW Maxwell | 576 |  | 584

At the beginning of the year a member of key management personnel owed the business £1,965. During the year £53,330 was advanced at an interest rate of 2.25% totalling £204. £39,236 was repaid resulting in a closing balance of £16,263 owed to the business by EA & JW Maxwell.
The loan is unsecured and has no fixed terms of repayment.
At the beginning of the year a member of key management personnel owed the business £584. During the year £576 was advanced and £584 was repaid resulting in a closing balance of £576 owed to the business by RW Maxwell.
The loan is unsecured, interest free and has no fixed terms of repayment.