REGISTERED NUMBER: SC037116 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

D A McLeod (Plumbers) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr David C McLeod

SECRETARY:

Mr David C McLeod

REGISTERED OFFICE:

7 Hunter Street

Bellshill

Lanarkshire

ML4 1RN

REGISTERED NUMBER:

SC037116 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

4,548

11,563

CURRENT ASSETS

Stock and work in progress

5,500

5,500

Debtors

5

11,951

14,791

Cash at bank and in hand

895

751

18,346

21,042

CREDITORS

Amounts falling due within one year

6

66,003

87,318

NET CURRENT LIABILITIES

(47,657

)

(66,276

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(43,109

)

(54,713

)

PROVISIONS FOR LIABILITIES

8

864

2,118

NET LIABILITIES

(43,973

)

(56,831

)

CAPITAL AND RESERVES

Called up share capital

9

500

500

Retained earnings

(44,473

)

(57,331

)

SHAREHOLDERS' FUNDS

(43,973

)

(56,831

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 June 2026 and were signed by:

Mr David C McLeod - Director

1.	STATUTORY INFORMATION

D A McLeod (Plumbers) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of plumbing and heating engineering.

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 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.

Tools and equipment

-

15% on reducing balance

Fittings and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

Tools and

and

Motor

Computer

equipment

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

4,930

6,677

28,662

2,437

42,706

Disposals

-

-

(18,812

)

-

(18,812

)

At 31 March 2026

4,930

6,677

9,850

2,437

23,894

DEPRECIATION

At 1 April 2025

3,688

5,725

19,903

1,827

31,143

Charge for year

186

144

474

610

1,414

Eliminated on disposal

-

-

(13,211

)

-

(13,211

)

At 31 March 2026

3,874

5,869

7,166

2,437

19,346

NET BOOK VALUE

At 31 March 2026

1,056

808

2,684

-

4,548

At 31 March 2025

1,242

952

8,759

610

11,563

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

11,951

14,791

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

13,365

36,385

Trade creditors

7,021

13,370

Taxation and social security

39,781

24,934

Other creditors

5,836

12,629

66,003

87,318

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

11,816

16,236

Mr McLeod has given the bank a personal guarantee in respect of sums due up to £20,000.

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred taxation

864

2,118

Deferred

tax

£

Balance at 1 April 2025

2,118

Provided during year

(1,254

)

Balance at 31 March 2026

864

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

500

Ordinary

£1

500

500

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Ross McLeod.