Macbones Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC506063 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

Macbones Ltd

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTORS:

Mrs M T El Adm

Mr S El Adm

REGISTERED OFFICE:

Mulloch Mor

Tennis Court Road

Lamlash

Isle of Arran

KA27 8LS

REGISTERED NUMBER:

SC506063 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

583

95,661

583

95,661

CURRENT ASSETS

Debtors

6

-

65

Cash at bank

111,977

641,271

111,977

641,336

CREDITORS

Amounts falling due within one year

7

4,145

506,848

NET CURRENT ASSETS

107,832

134,488

TOTAL ASSETS LESS CURRENT
LIABILITIES

108,415

230,149

CAPITAL AND RESERVES

Called up share capital

54

Retained earnings

108,361

230,095

108,415

230,149

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 31 January 2026 and were signed on its behalf by:

Mr S El Adm - Director

1.	STATUTORY INFORMATION

Macbones 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

20% on cost

Office equipment

-

25% on cost

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

(15,000

)

AMORTISATION

At 1 June 2024

and 31 May 2025

(15,000

)

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Office

property

equipment

Totals

£

COST

At 1 June 2024

95,078

3,094

98,172

Disposals

(95,078

)

-

(95,078

)

At 31 May 2025

-

3,094

DEPRECIATION

At 1 June 2024

and 31 May 2025

-

2,511

NET BOOK VALUE

At 31 May 2025

-

583

At 31 May 2024

95,078

583

95,661

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

VAT

-

65

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

3,545

6,545

Tax

-

29,981

Social security and other taxes

-

62

Directors' loan accounts

-

467,010

Accrued expenses

600

3,250

4,145

506,848

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

Mr S El Adm and Mrs M T El Adm

Balance outstanding at start of year

467,010

(47,725

)

Amounts advanced

-

(419,285

)

Amounts repaid

(467,010

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(467,010

)

**

BALANCE OUTSTANDING AT START OF YEAR FOR CURRENT YEAR AS SHOWN
ABOVE

467,010

DOES NOT AGREE TO BALANCE OUTSTANDING AT END OF YEAR FOR LAST YEAR

(467,010

)

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - OTHER DISCLOSURES - TRANSACTIONS WITH DIRECTORS - DIRECTORS' ADVANCES AND CREDITS - FOR BOTH CURRENT AND LAST YEARS