Company No: SC491306 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	520,467		578,584
		520,467		578,584
Current assets
Stocks	4	20,400		15,240
Debtors	5	90,421		90,014
Cash at bank and in hand	6	1,681,563		1,782,631
		1,792,384		1,887,885
Creditors: amounts falling due within one year	7	( 344,294)		( 340,645)
Net current assets		1,448,090		1,547,240
Total assets less current liabilities		1,968,557		2,125,824
Provision for liabilities	8, 9	( 130,063)		( 144,588)
Net assets		1,838,494		1,981,236
Capital and reserves
Called-up share capital	10	419		570
Capital redemption reserve		151		0
Profit and loss account		1,837,924		1,980,666
Total shareholders' funds		1,838,494		1,981,236

For the financial year ending 30 November 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Maid Of The Forth (2014) Ltd (registered number: SC491306) were approved and authorised for issue by the Board of Directors on 30 June 2026. They were signed on its behalf by:

Scott Aston Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Maid Of The Forth (2014) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Unit 2 Hawes Pier, South Queensferry, EH30 9TB, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance
Other property, plant and equipment	6.67 - 16 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		7

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 December 2024	46,644		34,511		6,418		912,444		1,000,017
Additions	1,566		0		0		0		1,566
At 30 November 2025	48,210		34,511		6,418		912,444		1,001,583
Accumulated depreciation
At 01 December 2024	23,267		31,920		3,552		362,694		421,433
Charge for the financial year	3,604		648		430		55,001		59,683
At 30 November 2025	26,871		32,568		3,982		417,695		481,116
Net book value
At 30 November 2025	21,339		1,943		2,436		494,749		520,467
At 30 November 2024	23,377		2,591		2,866		549,750		578,584

4. Stocks

	2025		2024
	£		£
Stocks	20,400		15,240

5. Debtors

	2025		2024
	£		£
Trade debtors	59,923		57,460
Other debtors	30,498		32,554
	90,421		90,014

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	1,681,563		1,782,631

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	12,665		42,064
Corporation tax	179,729		139,365
Other taxation and social security	2,483		5,214
Other creditors	149,417		154,002
	344,294		340,645

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	130,063		144,588

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 144,588)		( 160,286)
Credited to the Profit and Loss Account	14,525		15,698
At the end of financial year	( 130,063)		( 144,588)

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
189 A Ordinary shares of £ 1.00 each (2024: 300 shares of £ 1.00 each)	189		300
200 B Ordinary shares of £ 1.00 each	200		200
Nil C Ordinary shares (2024: 40 shares of £ 1.00 each)	0		40
20 D Ordinary shares of £ 1.00 each	20		20
10 E Ordinary shares of £ 1.00 each	10		10
	419		570

11. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Directors Loan	0		(8,188)

Advances

In the year advances were made to one of the directors totalling £13,078 and repayments of £4,890 were received. No interest was charged on the loan with the director.