MCM Formwork Services Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MCM Formwork Services Limited for the year ended 30 September 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of MCM Formwork Services Limited , as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MCM Formwork Services Limited and state those matters that we have agreed to state to the Board of Directors of

MCM Formwork Services Limited , as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MCM Formwork Services Limited 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 profit of MCM Formwork Services Limited . You consider that MCM Formwork Services Limited 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 MCM Formwork Services Limited . 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.

14/05/2026

GMH Chartered Accountants

Pavilion 3, Suite 2

St James Business Park

Paisley

Renfrewshire

PA3 3BB

Page 1

Page 2

MCM Formwork Services Limited

Balance Sheet

As At 30 September 2025

Balance Sheet

Registered number: SC348821

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		47,645		80,631

			47,645		80,631
CURRENT ASSETS
Debtors	5	98,854		77,640
Cash at bank and in hand		71,528		158,318

		170,382		235,958
Creditors: Amounts Falling Due Within One Year	6	(63,579 )		(96,426 )

NET CURRENT ASSETS (LIABILITIES)			106,803		139,532

TOTAL ASSETS LESS CURRENT LIABILITIES			154,448		220,163

Creditors: Amounts Falling Due After More Than One Year	7		(31,341 )		(55,381 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,053 )		(15,320 )

NET ASSETS			114,054		149,462

CAPITAL AND RESERVES
Called up share capital	9		4		4
Profit and Loss Account			114,050		149,458

SHAREHOLDERS' FUNDS			114,054		149,462

Page 2

Page 3

MCM Formwork Services Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C McAusland Director	Mr M Robertson Director
14/05/2026

The notes on pages 4 to 7 form part of these financial statements.

Page 3

Page 4

MCM Formwork Services Limited

Notes to the Financial Statements

For The Year Ended 30 September 2025

Notes to the Financial Statements

1. General Information

MCM Formwork Services Limited 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

2.1. Basis of Preparation of 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.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company’s accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates of judgements used in the preparation of these financial statements.

2.4. Turnover

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

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred from work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Tangible Fixed Assets and Depreciation

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.

Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% and 25% on reducing balance

2.6. Leasing and Hire Purchase Contracts

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.

2.7. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

...CONTINUED

Page 4

Page 5

MCM Formwork Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.7. Taxation - continued

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

2.8. Pensions

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. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 2)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 October 2024	100,116	11,274	111,390
Additions	-	1,333	1,333
Disposals	(34,418 )	-	(34,418 )

As at 30 September 2025	65,698	12,607	78,305

Depreciation
As at 1 October 2024	26,057	4,702	30,759
Provided during the period	14,942	1,429	16,371
Disposals	(16,470 )	-	(16,470 )

As at 30 September 2025	24,529	6,131	30,660

Net Book Value
As at 30 September 2025	41,169	6,476	47,645

As at 1 October 2024	74,059	6,572	80,631

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	40,499	73,165

Page 5

Page 6

MCM Formwork Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	5,603
Other debtors	48,043	72,037

	48,043	77,640
Due after more than one year
Amounts owed by group undertakings	50,811	-

	98,854	77,640

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,024	17,264
Trade creditors	1,436	741
Other creditors	9,657	25,681
Taxation and social security	39,462	52,740

	63,579	96,426

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	31,341	55,381

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 October 2024	15,320	15,320
Reversals	(6,268 )	(6,268)

Balance at 30 September 2025	9,052	9,052

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

Page 6

Page 7

MCM Formwork Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

10. Related Party Transactions

The company carried out trade at arms length transactions with MCM F.R.C Limited, a comany under common ownership and control of the directors. The balance due to MCM Formworks Services Limited is included within Other debtors due within one year. The total net value of transactions within the year was £24,532, with a balance due MCM Formwork Services Limited at the reporting date of £27,491 (2024 - Nil).

The company provided a loan to C.A.R.D.S Property Limited, a company under common ownership and control of the directors which is included with Other debtors due after one year. The loan has been completed at arms length consistent with commercial loan agreement which includes interest charges, with no fixed term of repayment, instead a final settlement date for repayment is specified within the loan agreement with interim repayments permitted.

During the year under review, the directors operated loan accounts. At the balance sheet date, the balance due to directors via loan accounts totalled £1,892 (2024 - £319). The balances are included within Other Creditors with the balance is repayable on demand and interest free.

11. Controlling Party

The company is equally controlled by Mr C McAusland and Mr M Robertson, with no one party having overall control.

Page 7