REGISTERED NUMBER: SC315440 (Scotland)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 July 2025

for

McNairn's Coaches Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Mrs E McNairn

J J McNairn

SECRETARY:

J J McNairn

REGISTERED OFFICE:

191 Station Road

Shotts

Lanarkshire

ML7 4BA

REGISTERED NUMBER:

SC315440 (Scotland)

ACCOUNTANTS:

EAC Accountancy Limited

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

The directors present their report with the financial statements of the company for the year ended 31 July 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of bus and coach operators.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 August 2024 to the date of this report.

Mrs E McNairn

J J McNairn

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J McNairn - Director

21 November 2025

TURNOVER

2,603,647

1,918,144

Cost of sales

986,544

931,047

GROSS PROFIT

1,617,103

987,097

Administrative expenses

1,330,898

1,226,794

286,205

(239,697

)

Other operating income

70,000

70,000

OPERATING PROFIT/(LOSS)

4

356,205

(169,697

)

Interest payable and similar expenses

4,034

7,600

PROFIT/(LOSS) BEFORE TAXATION

352,171

(177,297

)

Tax on profit/(loss)

20,912

(24,187

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

331,259

(153,110

)

FIXED ASSETS

Tangible assets

5

407,808

297,745

CURRENT ASSETS

Debtors

6

289,944

323,164

Cash at bank

78,430

181,035

368,374

504,199

CREDITORS

Amounts falling due within one year

7

209,535

706,034

NET CURRENT ASSETS/(LIABILITIES)

158,839

(201,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

566,647

95,910

CREDITORS

Amounts falling due after more than one year

8

(118,566

)

-

PROVISIONS FOR LIABILITIES

(77,484

)

(56,572

)

NET ASSETS

370,597

39,338

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

370,596

39,337

370,597

39,338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

J McNairn - Director

1.	STATUTORY INFORMATION

McNairn's Coaches 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.

25% Reducing Balance

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 47 (2024 - 47 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

31.7.25

31.7.24

£

£

Depreciation - owned assets

135,937

99,252

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

886,086

Additions

246,000

At 31 July 2025

1,132,086

DEPRECIATION

At 1 August 2024

588,341

Charge for year

135,937

At 31 July 2025

724,278

NET BOOK VALUE

At 31 July 2025

407,808

At 31 July 2024

297,745

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

94,432

285,055

Other debtors

195,512

38,109

289,944

323,164

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts

50,434

25,846

Trade creditors

141,605

461,798

Taxation and social security

12,996

12,493

Other creditors

4,500

205,897

209,535

706,034

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts

118,566

-