| Registered number: SC327135 | ||||||||
| FOR THE YEAR ENDED 31 JULY 2025 | ||||||||
| Prepared By: | ||||||||
| Cunningham Grant | ||||||||
| Chartered Accountants | ||||||||
| Unit G6, The Granary Business Centre | ||||||||
| Coal Road, Cupar | ||||||||
| Fife | ||||||||
| KY15 5YQ | ||||||||
| AW McPherson Plant Hire Ltd | ||||||||
| FINANCIAL STATEMENTS | ||||||||
| FOR THE YEAR ENDED 31 JULY 2025 | ||||||||
| DIRECTORS | ||||||||
| SECRETARY | ||||||||
| REGISTERED OFFICE | ||||||||
| Fife | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in SC - Scotland, registered number SC327135 | ||||||||
| ACCOUNTANTS | ||||||||
| Cunningham Grant | ||||||||
| Chartered Accountants | ||||||||
| Unit G6, The Granary Business Centre | ||||||||
| Coal Road, Cupar | ||||||||
| Fife | ||||||||
| KY15 5YQ | ||||||||
| AW McPherson Plant Hire Ltd | ||||||||
| FINANCIAL STATEMENTS | ||||||||
| FOR THEYEARENDED31 JULY 2025 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| AW McPherson Plant Hire Ltd | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2025 | 2024 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 4 | |||||||||
| Cash at bank and in hand | ||||||||||
| 78,718 | 48,369 | |||||||||
| CREDITORS: Amounts falling due within one year | 5 | |||||||||
| NET CURRENT LIABILITIES | ( | (97,072) | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
| CREDITORS: Amounts falling due after more than one year | 6 | 14,752 | 32,791 | |||||||
| NET LIABILITIES | ( | ( | ||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 8 | |||||||||
| Profit and loss account | (16,627) | (15,738) | ||||||||
| SHAREHOLDERS' FUNDS | ( | ( | ||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| AW McPherson Plant Hire Ltd | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31 JULY 2025 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. General Information And Basis Of Accounting | ||||||||
| The company is limited by shares and incorporated in Scotland. The address of the registered office is given in the company information on page 1 of these financial statements. | ||||||||
| The financial statements have been prepared in accordance with Financial Reporting Standard FRS 102 including Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard. | ||||||||
| The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise shown. | ||||||||
| 1b. Turnover | ||||||||
| Turnover represents the amounts receivable arising from the supply of goods net of VAT and trade discounts. | ||||||||
| Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. | ||||||||
| Turnover is recognised as the fair value of the consideration received or receivable for services provided in the normal course of business, net of VAT and trade discounts. | ||||||||
| 1c. Tangible Fixed Assets | ||||||||
| Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: | ||||||||
| Plant And Machinery | straight line10/20% | |||||||
| Motor Cars | reducing balance25% | |||||||
| 1d. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| AW McPherson Plant Hire Ltd | ||||||||
| 1e. Cash And Cash Equivalents | ||||||||
| Cash and cash equivalents are basic financial instruments which 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. | ||||||||
| 1f. Financial Instruments | ||||||||
| 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. | ||||||||
| Basic financial liabilities Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments 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 operations from suppliers. Amounts 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. | ||||||||
| 1g. Taxation | ||||||||
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. | ||||||||
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. | ||||||||
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. | ||||||||
| AW McPherson Plant Hire Ltd | ||||||||
| 1h. Leases And Hire Purchase Agreements | ||||||||
| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. | ||||||||
| Assets acquired under hire purchase contracts and finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. | ||||||||
| Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease. | ||||||||
| 1i. Critical Accounting Estimates And Judgements | ||||||||
| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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. | ||||||||
| 2. EMPLOYEES | ||||||
| 2025 | 2024 | |||||
| No. | No. | |||||
| Average number of employees | 2 | |||||
| 3. TANGIBLE FIXED ASSETS | ||||
| Plant and | ||||
| Machinery Etc. | Total | |||
| £ | £ | |||
| Cost | ||||
| At 1 August 2024 | 166,609 | 166,609 | ||
| Additions | 3,500 | 3,500 | ||
| Disposals | (12,000) | (12,000) | ||
| At 31 July 2025 | 158,109 | 158,109 | ||
| Depreciation | ||||
| At 1 August 2024 | 52,483 | 52,483 | ||
| Disposals | (7,817) | (7,817) | ||
| For the year | 13,012 | 13,012 | ||
| At 31 July 2025 | 57,678 | 57,678 | ||
| Net Book Amounts | ||||
| At 31 July 2025 | 100,431 | 100,431 | ||
| At 31 July 2024 | 114,126 | 114,126 | ||
| AW McPherson Plant Hire Ltd | ||||||||
| 4. DEBTORS | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year: | ||||||||
| Trade debtors | 56,793 | 35,375 | ||||||
| VAT | 6,660 | 10,571 | ||||||
| Other debtors | 24 | - | ||||||
| 63,477 | 45,946 | |||||||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Bank loans and overdrafts | ||||||||
| Trade creditors | 30,164 | 16,613 | ||||||
| Taxation and social security | 2,031 | 285 | ||||||
| Other creditors | 147,176 | 126,681 | ||||||
| 181,023 | 145,441 | |||||||
| Included in other creditors are obligations under hire purchase agreements of £16,445 (2024 - £20,842). | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Bank loans and overdrafts | - | 1,594 | ||||||
| Other creditors | 14,752 | 31,197 | ||||||
| 14,752 | 32,791 | |||||||
| Included in other creditors are: | ||||||||
| Obligations under hire purchase | 14,752 | 31,197 | ||||||
| AW McPherson Plant Hire Ltd | ||||||||
| 7. SECURED CREDITORS | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Amount of other creditors which are secured | 31,197 | 52,039 | ||||||
| 8. SHARE CAPITAL | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 1 | 1 | |||||||
| 1 | 1 | |||||||
| 9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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| AW McPherson Plant Hire Ltd | ||||||||