Bill Mackie Engineering Ltd.

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

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Balance Sheet

As At 31 August 2025

Balance Sheet

Registered number: SC167128

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,061,222		565,375
Investments	5		-		38,077

			1,061,222		603,452
CURRENT ASSETS
Stocks	6	68,931		119,102
Debtors	7	822,062		530,054
Investments	8	251,290		239,053
Cash at bank and in hand		743,286		925,303

		1,885,569		1,813,512
Creditors: Amounts Falling Due Within One Year	9	(484,234 )		(465,695 )

NET CURRENT ASSETS (LIABILITIES)			1,401,335		1,347,817

TOTAL ASSETS LESS CURRENT LIABILITIES			2,462,557		1,951,269

Creditors: Amounts Falling Due After More Than One Year	10		(306,038 )		(16,538 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(48,287 )		(53,891 )

NET ASSETS			2,108,232		1,880,840

CAPITAL AND RESERVES
Called up share capital	11		5,000		5,000
Profit and Loss Account			2,103,232		1,875,840

SHAREHOLDERS' FUNDS			2,108,232		1,880,840

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Bill Mackie Engineering Ltd.

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 Graeme Mackie

Director

26/05/2026

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

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Bill Mackie Engineering Ltd.

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Bill Mackie Engineering Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC167128 . The registered office is 3-5 Wilson Street, Peterhead, Aberdeenshire, AB43 1UD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 for 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not depreciated
Leasehold	20-50 years straight line
Plant & Machinery	5 years straight line
Motor Vehicles	4 years straight line
Fixtures & Fittings	5 years straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Bill Mackie Engineering Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 23 (2024: 31)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 September 2024	158,556	620,954	97,707	124,882
Additions	492,751	-	-	48,175
Disposals	-	-	-	(23,265 )

As at 31 August 2025	651,307	620,954	97,707	149,792

Depreciation
As at 1 September 2024	-	260,452	76,307	100,884
Provided during the period	-	23,426	4,700	14,837
Disposals	-	-	-	(21,807 )

As at 31 August 2025	-	283,878	81,007	93,914

Net Book Value
As at 31 August 2025	651,307	337,076	16,700	55,878

As at 1 September 2024	158,556	360,502	21,400	23,998


	Fixtures & Fittings	Total
	£	£
Cost
As at 1 September 2024	15,433	1,017,532
Additions	-	540,926
Disposals	-	(23,265 )

As at 31 August 2025	15,433	1,535,193

Depreciation
As at 1 September 2024	14,514	452,157
Provided during the period	658	43,621
Disposals	-	(21,807 )

As at 31 August 2025	15,172	473,971

...CONTINUED

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Bill Mackie Engineering Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	261	1,061,222

As at 1 September 2024	919	565,375

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 September 2024	38,077
Disposals	(38,077 )

As at 31 August 2025	-

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	38,077

6. Stocks

	2025	2024
	£	£
Finished goods	46,400	41,320
Work in progress	22,531	77,782

	68,931	119,102

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	707,434	414,752
Other debtors	112,791	113,465

	820,225	528,217
Due after more than one year
Other debtors	1,837	1,837

	822,062	530,054

8. Current Asset Investments

	2025	2024
	£	£
Listed investments	251,290	239,053

The fair value of listed investments, which are all traded in active markets, was determined with reference to the quoted market price at the reporting date.

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Bill Mackie Engineering Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	289,939	270,144
Bank loans and overdrafts	21,933	16,479
Other creditors	14,970	40,882
Taxation and social security	157,392	138,190

	484,234	465,695

The bank loan is secured by a floating charge.

Amounts included in obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.

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

	2025	2024
	£	£
Bank loans	306,038	16,538

The bank loan is secured by a floating charge.

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5,000	5,000

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Directors	Mr Graeme Mackie
	Mr William Mackie

Company Number	SC167128

Registered Office	3-5 Wilson Street
	Peterhead
	Aberdeenshire
	AB43 1UD

Accountants	M Squared Accountants Ltd
	Bank House
	Seaforth Street
	Fraserburgh
	AB43 9BB