REGISTERED NUMBER: SC530397 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

MCGREGOR COLLINS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F L McGregor

A M P McGregor

REGISTERED OFFICE:

Suite 4.5

Turnberry House

175 West George Street

Glasgow

G2 2LB

REGISTERED NUMBER:

SC530397 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Tangible assets

4

1,034,737

985,965

Investments

5

1

1

1,034,738

985,966

CURRENT ASSETS

Debtors

52,954

150,000

Cash at bank

19,405

14,854

72,359

164,854

CREDITORS

Amounts falling due within one year

173,804

267,105

NET CURRENT LIABILITIES

(101,445

)

(102,251

)

TOTAL ASSETS LESS CURRENT LIABILITIES

933,293

883,715

CREDITORS

Amounts falling due after more than one year

(872,862

)

(848,073

)

PROVISIONS FOR LIABILITIES

(59,854

)

(40,099

)

NET ASSETS/(LIABILITIES)

577

(4,457

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

477

(4,557

)

577

(4,457

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 June 2026 and were signed on its behalf by:

A M P McGregor - Director

1.	STATUTORY INFORMATION

McGregor Collins 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

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.

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

0.00%

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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

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.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2024

1,162,712

Additions

214,986

Disposals

(113,870

)

At 30 September 2025

1,263,828

DEPRECIATION

At 1 October 2024

176,747

Charge for year

79,806

Eliminated on disposal

(27,462

)

At 30 September 2025

229,091

NET BOOK VALUE

At 30 September 2025

1,034,737

At 30 September 2024

985,965

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 October 2024

38,448

Additions

194,583

Transfer to ownership

(12,816

)

At 30 September 2025

220,215

DEPRECIATION

At 1 October 2024

14,418

Charge for year

52,251

Transfer to ownership

(3,204

)

At 30 September 2025

63,465

NET BOOK VALUE

At 30 September 2025

156,750

At 30 September 2024

24,030

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 October 2024

and 30 September 2025

1

NET BOOK VALUE

At 30 September 2025

1

At 30 September 2024

1

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

800,205

840,038

The Bank of Scotland hold a standard security and bond and floating charge over the Companies Assets.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

A M P McGregor

Balance outstanding at start of year

-

-

Amounts advanced

26,186

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,186

-

Mrs F L McGregor

Balance outstanding at start of year

-

-

Amounts advanced

26,186

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,186

-