Company registration number 07961415 (England and Wales)
RACHEL MCLANE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
RACHEL MCLANE LTD
CONTENTS
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
RACHEL MCLANE LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
44,222
53,389
Current assets
Stocks
20,602
22,749
Debtors
6
57,291
51,387
Cash at bank and in hand
335,677
338,638
413,570
412,774
Creditors: amounts falling due within one year
7
(150,668)
(197,988)
Net current assets
262,902
214,786
Total assets less current liabilities
307,124
268,175
Creditors: amounts falling due after more than one year
8
(5,013)
(15,131)
Provisions for liabilities
(11,056)
(10,833)
Net assets
291,055
242,211
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
291,052
242,208
Total equity
291,055
242,211
RACHEL MCLANE LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

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

T he members have 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 her 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 11 February 2026
Mrs R O McLane
Director
Company registration number 07961415 (England and Wales)
RACHEL MCLANE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2023
3
184,658
184,661
Year ended 31 March 2024:
Profit and total comprehensive income
-
191,900
191,900
Dividends
-
(134,350)
(134,350)
Balance at 31 March 2024
3
242,208
242,211
Year ended 31 March 2025:
Profit and total comprehensive income
-
124,269
124,269
Dividends
-
(75,425)
(75,425)
Balance at 31 March 2025
3
291,052
291,055
RACHEL MCLANE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Rachel McLane Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 13 Yorkersgate, Malton, North Yorkshire, YO17 7AA.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services

provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair

value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received 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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

RACHEL MCLANE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
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:

Plant and machinery
33% on cost
Fixtures and fittings
33% on reducing balance
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance

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
Impairment of fixed 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.

1.6
Stocks

Stocks 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 stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

RACHEL MCLANE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.7
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.

1.8
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 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 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.

1.9
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.

1.10
Taxation

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

RACHEL MCLANE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
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. 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.

1.11
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.

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.

RACHEL MCLANE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
3
Employees

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

2025
2024
Number
Number
Total
10
11
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
90,361
Amortisation and impairment
At 1 April 2024 and 31 March 2025
90,361
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
5
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
15,909
8,545
20,221
44,990
89,665
Additions
-
0
-
0
8,181
-
0
8,181
At 31 March 2025
15,909
8,545
28,402
44,990
97,846
Depreciation and impairment
At 1 April 2024
6,091
8,136
18,300
3,749
36,276
Depreciation charged in the year
3,640
137
3,261
10,310
17,348
At 31 March 2025
9,731
8,273
21,561
14,059
53,624
Carrying amount
At 31 March 2025
6,178
272
6,841
30,931
44,222
At 31 March 2024
9,818
409
1,921
41,241
53,389
RACHEL MCLANE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
25,665
25,750
Other debtors
31,626
25,637
57,291
51,387
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,648
10,648
Trade creditors
83,831
94,747
Corporation tax
28,174
34,667
Other taxation and social security
12,675
17,094
Other creditors
15,340
40,832
150,668
197,988
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
5,013
15,131
9
Related party transactions

The controlling party is MM Investments (Yorkshire) Limited.

A company registered in England and Wales (registered number 09775069), registered

office 13 Yorkersgate, Malton, YO17 7AA.

2025-03-31 2024-04-01 false false false 11 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs Rachel Ogilvie McLane 07961415 2024-04-01 2025-03-31 07961415 2025-03-31 07961415 2024-03-31 07961415 core:PlantMachinery 2025-03-31 07961415 core:FurnitureFittings 2025-03-31 07961415 core:ComputerEquipment 2025-03-31 07961415 core:MotorVehicles 2025-03-31 07961415 core:PlantMachinery 2024-03-31 07961415 core:FurnitureFittings 2024-03-31 07961415 core:ComputerEquipment 2024-03-31 07961415 core:MotorVehicles 2024-03-31 07961415 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07961415 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07961415 core:WithinOneYear 2025-03-31 07961415 core:WithinOneYear 2024-03-31 07961415 core:AfterOneYear 2025-03-31 07961415 core:AfterOneYear 2024-03-31 07961415 core:CurrentFinancialInstruments 2025-03-31 07961415 core:CurrentFinancialInstruments 2024-03-31 07961415 core:ShareCapital 2025-03-31 07961415 core:ShareCapital 2024-03-31 07961415 core:RetainedEarningsAccumulatedLosses 2025-03-31 07961415 core:RetainedEarningsAccumulatedLosses 2024-03-31 07961415 core:ShareCapital 2023-03-31 07961415 core:RetainedEarningsAccumulatedLosses 2023-03-31 07961415 bus:Director1 2024-04-01 2025-03-31 07961415 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07961415 2023-04-01 2024-03-31 07961415 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 07961415 core:Goodwill 2024-04-01 2025-03-31 07961415 core:PlantMachinery 2024-04-01 2025-03-31 07961415 core:FurnitureFittings 2024-04-01 2025-03-31 07961415 core:ComputerEquipment 2024-04-01 2025-03-31 07961415 core:MotorVehicles 2024-04-01 2025-03-31 07961415 core:Goodwill 2024-03-31 07961415 core:Goodwill 2025-03-31 07961415 core:Goodwill 2024-03-31 07961415 core:PlantMachinery 2024-03-31 07961415 core:FurnitureFittings 2024-03-31 07961415 core:ComputerEquipment 2024-03-31 07961415 core:MotorVehicles 2024-03-31 07961415 2024-03-31 07961415 core:Non-currentFinancialInstruments 2025-03-31 07961415 core:Non-currentFinancialInstruments 2024-03-31 07961415 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07961415 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07961415 bus:FRS102 2024-04-01 2025-03-31 07961415 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07961415 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP