Company registration number SC251400 (Scotland)
MACVICARS OF MELROSE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
MACVICARS OF MELROSE LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
MACVICARS OF MELROSE LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
5
58,820
37,835
Current assets
Inventories
25,000
55,418
Trade and other receivables
6
48,862
48,086
Cash and cash equivalents
113,876
23,823
187,738
127,327
Current liabilities
7
(168,533)
(113,969)
Net current assets
19,205
13,358
Total assets less current liabilities
78,025
51,193
Provisions for liabilities
(7,918)
(3,605)
Net assets
70,107
47,588
Equity
Called up share capital
100
100
Retained earnings
70,007
47,488
Total equity
70,107
47,588

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved and signed by the director and authorised for issue on 24 February 2026
Neil Macvicar
Director
Company registration number SC251400 (Scotland)
MACVICARS OF MELROSE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

MacVicars of Melrose Ltd is a private company limited by shares incorporated in Scotland. The registered office is 2 Market Square, MELROSE, TD6 9PN.

1.1
Basis of preparation

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 director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets - goodwill

Acquired goodwill has been written off in equal instalments over its estimated useful economic life of 10 years.

1.5
Property, plant and equipment

Property, plant and equipment 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:

Freehold land and buildings
4% straight line
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance
MACVICARS OF MELROSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -

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.

1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories 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.

1.8
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.

1.9
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.

MACVICARS OF MELROSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include trade and other receivables 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 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 trade and other payables, 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 payables 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
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.

1.11
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.

MACVICARS OF MELROSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
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. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. 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.

1.12
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 non-current 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.

1.13
Retirement benefits

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

1.14
Leases
As lessee

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
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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.

MACVICARS OF MELROSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
3
Employees

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

2025
2024
Number
Number
Total
13
10
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024 and 31 August 2025
102,837
Amortisation and impairment
At 1 September 2024 and 31 August 2025
102,837
Carrying amount
At 31 August 2025
-
0
At 31 August 2024
-
0
5
Property, plant and equipment
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2024
42,857
116,309
159,166
Additions
-
0
28,946
28,946
At 31 August 2025
42,857
145,255
188,112
Depreciation and impairment
At 1 September 2024
23,996
97,335
121,331
Depreciation charged in the year
1,714
6,247
7,961
At 31 August 2025
25,710
103,582
129,292
Carrying amount
At 31 August 2025
17,147
41,673
58,820
At 31 August 2024
18,861
18,974
37,835
MACVICARS OF MELROSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
6
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
28,045
12,064
Other receivables
11,146
4,723
39,191
16,787
2025
2024
Amounts falling due after more than one year:
£
£
Corporation tax recoverable
1,843
23,471
Other receivables
7,828
7,828
9,671
31,299
Total debtors
48,862
48,086
7
Current liabilities
2025
2024
£
£
Trade payables
75,397
80,176
Corporation tax
12,913
25,589
Other taxation and social security
6,600
4,054
Other payables
73,623
4,150
168,533
113,969
2025-08-31 2024-09-01 false false false 24 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Neil Macvicar 2026-02-24 SC251400 2024-09-01 2025-08-31 SC251400 2025-08-31 SC251400 2024-08-31 SC251400 core:LandBuildings 2025-08-31 SC251400 core:OtherPropertyPlantEquipment 2025-08-31 SC251400 core:LandBuildings 2024-08-31 SC251400 core:OtherPropertyPlantEquipment 2024-08-31 SC251400 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 SC251400 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC251400 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 SC251400 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 SC251400 core:WithinOneYear 2025-08-31 SC251400 core:WithinOneYear 2024-08-31 SC251400 core:CurrentFinancialInstruments 2025-08-31 SC251400 core:CurrentFinancialInstruments 2024-08-31 SC251400 core:ShareCapital 2025-08-31 SC251400 core:ShareCapital 2024-08-31 SC251400 core:RetainedEarningsAccumulatedLosses 2025-08-31 SC251400 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC251400 bus:Director1 2024-09-01 2025-08-31 SC251400 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 SC251400 core:FurnitureFittings 2024-09-01 2025-08-31 SC251400 core:MotorVehicles 2024-09-01 2025-08-31 SC251400 2023-09-01 2024-08-31 SC251400 core:NetGoodwill 2024-08-31 SC251400 core:NetGoodwill 2025-08-31 SC251400 core:NetGoodwill 2024-08-31 SC251400 core:LandBuildings 2024-08-31 SC251400 core:OtherPropertyPlantEquipment 2024-08-31 SC251400 2024-08-31 SC251400 core:LandBuildings 2024-09-01 2025-08-31 SC251400 core:OtherPropertyPlantEquipment 2024-09-01 2025-08-31 SC251400 core:Non-currentFinancialInstruments 2025-08-31 SC251400 core:Non-currentFinancialInstruments 2024-08-31 SC251400 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC251400 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC251400 bus:FRS102 2024-09-01 2025-08-31 SC251400 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 SC251400 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP