McKays Mini Market Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC607516

McKAYS MINI MARKET LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 September 2025

McKAYS MINI MARKET LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2025

Contents	Page

Officers and professional advisers	1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

McKAYS MINI MARKET LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr S McKay
	Mrs P McKay

Registered office	26-30 Marine Place
	Buckie
	Moray
	AB56 1UT

Accountants	Ritsons
	Chartered Accountants
	26-30 Marine Place
	Buckie
	Moray
	AB56 1UT

McKAYS MINI MARKET LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF McKAYS MINI MARKET LIMITED

YEAR ENDED 30 SEPTEMBER 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McKays Mini Market Limited for the year ended 30 September 2025, which comprise the statement of financial position 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 www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of McKays Mini Market Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of McKays Mini Market Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McKays Mini Market Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that McKays Mini Market 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 loss of McKays Mini Market Limited. You consider that McKays Mini Market 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 McKays Mini Market 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.

Ritsons Chartered Accountants

26-30 Marine Place Buckie Moray AB56 1UT

12 June 2026

McKAYS MINI MARKET LIMITED

STATEMENT OF FINANCIAL POSITION

30 September 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	5	380,120	391,909

CURRENT ASSETS

Stocks		67,992	63,589
Debtors	6	1,137	1,087
Cash at bank and in hand		44,989	55,748
		---------	---------
		114,118	120,424

CREDITORS: amounts falling due within one year	7	326,455	309,166
		---------	---------
NET CURRENT LIABILITIES		212,337	188,742
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		167,783	203,167

CREDITORS: amounts falling due after more than one year	8	113,754	130,810

PROVISIONS	–	3,700
	---------	---------
NET ASSETS	54,029	68,657
	---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	53,929	68,557
	--------	--------
SHAREHOLDERS FUNDS	54,029	68,657
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

McKAYS MINI MARKET LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 12 June 2026 , and are signed on behalf of the board by:

Mr S McKay

Director

Company registration number: SC607516

McKAYS MINI MARKET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 26-30 Marine Place, Buckie, Moray, AB56 1UT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost less any depreciation and impairment.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 14 ).

5. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 October 2024 and 30 September 2025	421,279	24,670	13,891	2,039	461,879
	---------	--------	--------	-------	---------
Depreciation
At 1 October 2024	48,842	10,677	9,496	955	69,970
Charge for the year	8,426	2,101	1,099	163	11,789
	---------	--------	--------	-------	---------
At 30 September 2025	57,268	12,778	10,595	1,118	81,759
	---------	--------	--------	-------	---------
Carrying amount
At 30 September 2025	364,011	11,892	3,296	921	380,120
	---------	--------	--------	-------	---------
At 30 September 2024	372,437	13,993	4,395	1,084	391,909
	---------	--------	--------	-------	---------

6. Debtors

	2025	2024
	£	£
Other debtors	1,137	1,087
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	18,834	20,500
Trade creditors	10,492	3,423
Corporation tax	–	3,522
Social security and other taxes	9,164	11,236
Other creditors	287,965	270,485
	---------	---------
	326,455	309,166
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	113,754	130,810
	---------	---------

9. Related party transactions

As at 30 September 2025 the company owed the directors £286,465 (2024: £268,985) by way of a director's loan account. During the year dividends of £1,000 (2024: £1,000) were paid to the directors.