M & R Campbell Joinery Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC740486 (Scotland)

M & R Campbell Joinery Ltd

Financial Statements For The Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Campbell

Mrs D A Campbell

Miss C H Campbell

REGISTERED OFFICE:

48 Argyle Square

Wick

KW1 5AJ

REGISTERED NUMBER:

SC740486 (Scotland)

ACCOUNTANTS:

The Long Partnership

Chartered Accountants

Chartered Tax Advisers

1 Sir John's Square

Thurso

Caithness

KW14 7AN

FIXED ASSETS

Tangible assets

4

69,205

67,373

CURRENT ASSETS

Stocks

1,200

1,450

Debtors

5

10,550

9,863

Cash at bank

23,244

27,641

34,994

38,954

CREDITORS

Amounts falling due within one year

6

37,967

52,954

NET CURRENT LIABILITIES

(2,973

)

(14,000

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,232

53,373

CREDITORS

Amounts falling due after more than one
year

7

(8,901

)

-

PROVISIONS FOR LIABILITIES

(3,772

)

(2,649

)

NET ASSETS

53,559

50,724

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

53,558

50,723

SHAREHOLDERS' FUNDS

53,559

50,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

M Campbell - Director

1.	STATUTORY INFORMATION

M & R Campbell Joinery Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment

-

33% on reducing balance and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

Equipment

Totals

£

COST

At 1 September 2024

30,770

56,585

87,355

Additions

-

25,044

Disposals

-

(13,400

)

(13,400

)

At 31 August 2025

30,770

68,229

98,999

DEPRECIATION

At 1 September 2024

-

19,982

Charge for year

-

13,670

Eliminated on disposal

-

(3,858

)

(3,858

)

At 31 August 2025

-

29,794

NET BOOK VALUE

At 31 August 2025

30,770

38,435

69,205

At 31 August 2024

30,770

36,603

67,373

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment

£

COST

Additions

19,970

At 31 August 2025

19,970

DEPRECIATION

Charge for year

(4,582

)

At 31 August 2025

(4,582

)

NET BOOK VALUE

At 31 August 2025

24,552

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

422

9,222

Other debtors

10,128

641

10,550

9,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Hire purchase contracts

2,811

-

Taxation and social security

684

13,605

Other creditors

34,472

39,349

37,967

52,954

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.25

31.8.24

£

Hire purchase contracts

8,901

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

1

Ordinary

£1

1

9.

RESERVES

Retained

earnings

£

At 1 September 2024

50,723

Profit for the year

3,335

Dividends

(500

)

At 31 August 2025

53,558