Company registration number SC561501 (Scotland)
CONROY MCINNES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CONROY MCINNES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CONROY MCINNES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
16,000
24,000
Tangible assets
5
1,512
1,914
17,512
25,914
Current assets
Debtors
6
37,285
26,363
Cash at bank and in hand
191,928
130,000
229,213
156,363
Creditors: amounts falling due within one year
7
(99,438)
(133,008)
Net current assets
129,775
23,355
Net assets
147,287
49,269
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
147,187
49,169
Total equity
147,287
49,269

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 23 June 2026
MR A CONROY
Mr A Conroy
Director
Company registration number SC561501 (Scotland)
CONROY MCINNES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Conroy McInnes Limited is a private company limited by shares incorporated in Scotland. The registered office is 268 Kilmarnock Road, Shawlands, Glasgow, United Kingdom, G43 2XS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable.

Turnover represents net invoiced sales of services, excluding value added tax, attributable to legal services.

Unbilled work is recognised as turnover in accordance with FRS102 and is included within debtors as amounts recoverable on contracts.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery etc
33% straight line
CONROY MCINNES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and funds held at the bank.

1.7
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.9
Retirement benefits

The company operates a defined contribution plan for it's employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CONROY MCINNES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
8
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
80,000
Amortisation and impairment
At 1 April 2024
56,000
Amortisation charged for the year
8,000
At 31 March 2025
64,000
Carrying amount
At 31 March 2025
16,000
At 31 March 2024
24,000
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
7,487
Additions
1,023
At 31 March 2025
8,510
Depreciation and impairment
At 1 April 2024
5,573
Depreciation charged in the year
1,425
At 31 March 2025
6,998
Carrying amount
At 31 March 2025
1,512
At 31 March 2024
1,914
CONROY MCINNES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
14,395
6,155
Amounts recoverable on contracts
12,050
7,300
Other debtors
10,840
12,908
37,285
26,363
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
250
-
0
Taxation and social security
66,227
28,371
Other creditors
32,961
104,637
99,438
133,008
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
99
99
99
99
Ordinary B shares of £1 each
1
1
1
1
100
100
100
100
9
Related party transactions

During the year, the director withdrew net funds of £46,921 from the company (being advances of £143,783 less repayments and credits of £96,862). At the year end, the balance on the director’s loan account remained in credit, with £26,957 owed to the director (2024: £73,878).

There are no set repayment terms, nor is interest charged on the outstanding balances due.

2025-03-31 2024-04-01 false false false 23 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr Alan Conroy SC561501 2024-04-01 2025-03-31 SC561501 2025-03-31 SC561501 2024-03-31 SC561501 core:NetGoodwill 2025-03-31 SC561501 core:NetGoodwill 2024-03-31 SC561501 core:OtherPropertyPlantEquipment 2025-03-31 SC561501 core:OtherPropertyPlantEquipment 2024-03-31 SC561501 core:WithinOneYear 2025-03-31 SC561501 core:WithinOneYear 2024-03-31 SC561501 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC561501 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC561501 core:ShareCapital 2025-03-31 SC561501 core:ShareCapital 2024-03-31 SC561501 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC561501 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC561501 core:ShareCapitalOrdinaryShareClass1 2025-03-31 SC561501 core:ShareCapitalOrdinaryShareClass1 2024-03-31 SC561501 core:ShareCapitalOrdinaryShareClass2 2025-03-31 SC561501 core:ShareCapitalOrdinaryShareClass2 2024-03-31 SC561501 core:ShareCapitalOrdinaryShares 2025-03-31 SC561501 core:ShareCapitalOrdinaryShares 2024-03-31 SC561501 bus:Director1 2024-04-01 2025-03-31 SC561501 core:Goodwill 2024-04-01 2025-03-31 SC561501 core:FurnitureFittings 2024-04-01 2025-03-31 SC561501 2023-04-01 2024-03-31 SC561501 core:NetGoodwill 2024-03-31 SC561501 core:NetGoodwill 2024-04-01 2025-03-31 SC561501 core:OtherPropertyPlantEquipment 2024-03-31 SC561501 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 SC561501 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC561501 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 SC561501 bus:OrdinaryShareClass1 2025-03-31 SC561501 bus:OrdinaryShareClass1 2024-03-31 SC561501 bus:OrdinaryShareClass2 2025-03-31 SC561501 bus:OrdinaryShareClass2 2024-03-31 SC561501 bus:AllOrdinaryShares 2025-03-31 SC561501 bus:AllOrdinaryShares 2024-03-31 SC561501 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC561501 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC561501 bus:FRS102 2024-04-01 2025-03-31 SC561501 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC561501 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP