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COMPANY REGISTRATION NUMBER: SC706311

MS & RK LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2025

MS & RK LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

Contents | Page

Officers and professional advisers | 1

Report to the board of directors on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 5

MS & RK LTD

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors | Mr M Morrison
| Mrs S Morrison

Registered office | 26-30 Marine Place
| Buckie
| Moray
| AB56 1UT

Accountants | Ritsons
| Chartered accountants
| 26-30 Marine Place
| Buckie
| Moray
| AB56 1UT

MS & RK LTD

REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MS & RK LTD

YEAR ENDED 31 AUGUST 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MS & RK Ltd for the year ended 31 August 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of MS & RK Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of MS & RK Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MS & RK Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that MS & RK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MS & RK Ltd. You consider that MS & RK Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of MS & RK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ritsons Chartered accountants
26-30 Marine Place Buckie Moray AB56 1UT
16 April 2026

MS & RK LTD

STATEMENT OF FINANCIAL POSITION

31 August 2025

| 2025 | 2024
Note | £ | £

FIXED ASSETS

Tangible assets | 5 | 396,213 | 409,953

CURRENT ASSETS

Stocks | 6,000 | 6,000
Debtors | 6 | 7,489 | 8,240
Cash at bank and in hand | 84,726 | 86,490
| -------- | ---------
| 98,215 | 100,730

CREDITORS: amounts falling due within one year | 7 | 519,344 | 523,932
| --------- | ---------
NET CURRENT LIABILITIES | 421,129 | 423,202
| --------- | ---------
TOTAL ASSETS LESS CURRENT LIABILITIES | ( 24,916) | ( 13,249)
| -------- | --------
NET LIABILITIES | ( 24,916) | ( 13,249)
| -------- | --------

CAPITAL AND RESERVES

Called up share capital | 100 | 100
Profit and loss account | ( 25,016) | ( 13,349)
| -------- | --------
SHAREHOLDERS DEFICIT | ( 24,916) | ( 13,249)
| -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 August 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MS & RK LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 16 April 2026 , and are signed on behalf of the board by:

Mr M Morrison | Mrs S Morrison
Director | Director

Company registration number: SC706311

MS & RK LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 26-30 Marine Place, Buckie, Moray, AB56 1UT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
The turnover shown in the detailed income statement represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Tangible assets
Tangible assets are initially recorded at cost less any depreciation and impairment.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 15% reducing balance
| Fixtures and fittings | - | 15% reducing balance
| Motor vehicles | - | 25% reducing balance
| Equipment | - | 15% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 17 (2024: 17 ).
5. Tangible assets

| Freehold property | Plant and machinery | Fixtures and fittings | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £ | £
Cost |  |  |  |  |  |
At 1 Sep 2024 | 333,362 | 30,511 | 2,760 | 70,210 | 1,863 | 438,706
Additions | – | 780 | 1,177 | – | 1,477 | 3,434
| --------- | -------- | ------- | -------- | ------- | ---------
At 31 Aug 2025 | 333,362 | 31,291 | 3,937 | 70,210 | 3,340 | 442,140
| --------- | -------- | ------- | -------- | ------- | ---------
Depreciation |  |  |  |  |  |
At 1 Sep 2024 | – | 9,241 | 496 | 18,538 | 478 | 28,753
Charge for the year | – | 3,310 | 517 | 12,918 | 429 | 17,174
| --------- | -------- | ------- | -------- | ------- | ---------
At 31 Aug 2025 | – | 12,551 | 1,013 | 31,456 | 907 | 45,927
| --------- | -------- | ------- | -------- | ------- | ---------
Carrying amount |  |  |  |  |  |
At 31 Aug 2025 | 333,362 | 18,740 | 2,924 | 38,754 | 2,433 | 396,213
| --------- | -------- | ------- | -------- | ------- | ---------
At 31 Aug 2024 | 333,362 | 21,270 | 2,264 | 51,672 | 1,385 | 409,953
| --------- | -------- | ------- | -------- | ------- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 7,489 | 8,240
| ------- | -------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | ( 2,207) | 3,448
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 351,884 | 351,809
Social security and other taxes | 24,352 | 21,515
Other creditors | 145,315 | 147,160
| --------- | ---------
| 519,344 | 523,932
| --------- | ---------

8. Related party transactions
As at 31 August 2025, the company owed the directors £142,795 (2024 £145,310) by way of a director's loan account.