Company registration number 1237036 (England and Wales)
MCVICKERS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
Mitchells Limited
Chartered Accountants
Swallow House
Parsons Road
Washington
Tyne and Wear
NE37 1EZ
MCVICKERS LIMITED
CONTENTS
Page
Directors' report
1
Statement of comprehensive income
2
Balance sheet
3
Notes to the financial statements
4 - 10
MCVICKERS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 October 2025.

Principal activities

The principal activity of the company continued to be that of electrical contractors.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs C A Ridley
Mr A Storey
Mr S Peacock
Mr M Armstrong
Mr J Woods
(Appointed 21 July 2025)
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr A Storey
Director
10 July 2026
MCVICKERS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
2025
2024
£
£
Profit for the year
216,247
529,469
Other comprehensive income
Write off of inter-company balance
-
0
(70,000)
Total comprehensive income for the year
216,247
459,469

The notes on pages 4 to 10 form part of these financial statements.

MCVICKERS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
5
199,515
160,723
Current assets
Stocks
243,897
313,448
Debtors
6
1,227,732
1,764,473
Cash at bank and in hand
511,063
695,287
1,982,692
2,773,208
Creditors: amounts falling due within one year
7
(1,137,229)
(2,101,527)
Net current assets
845,463
671,681
Total assets less current liabilities
1,044,978
832,404
Provisions for liabilities
(42,535)
(31,208)
Net assets
1,002,443
801,196
Capital and reserves
Called up share capital
1,442
1,442
Capital redemption reserve
9,560
9,560
Profit and loss reserves
991,441
790,194
Total equity
1,002,443
801,196

The notes on pages 4 to 10 form part of these financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 10 July 2026 and are signed on its behalf by:
Mr A Storey
Director
Company registration number 1237036 (England and Wales)
MCVICKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -
1
Accounting policies
Company information

McVickers Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Woodland Court, Greencroft Industrial Park, Annfield Plain, Stanley, Co Durham, DH9 7BF.

1.1
Basis of preparation

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

The company meets its day-to-day working capital requirements through its bank facilities. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. true

1.3
Revenue

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.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered. Bank interest accruing on capital borrowed to fund the production of long term contracts is carried forward within long term contract balances.

MCVICKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
1.4
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:

Equipment
10% straight line
Motor vehicles
25% reducing balance
Stairlift equipment
10% straight line

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.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of 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). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price.

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.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MCVICKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 6 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

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.

MCVICKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 7 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.15

Rectification provision

A proportion of sales income is set aside to cover the cost of rectification work and is released to the profit and loss account after a twelve month period.

1.16

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

MCVICKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 8 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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.

3
Employees

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

2025
2024
Number
Number
Total
59
60
4
Dividends
2025
2024
£
£
Final paid
15,000
309,469
5
Tangible fixed assets
Equipment
Motor vehicles
Stairlift equipment
Total
£
£
£
£
Cost
At 1 November 2024
27,361
264,157
164,193
455,711
Additions
3,573
59,754
21,242
84,569
Disposals
(3,061)
(27,000)
-
0
(30,061)
At 31 October 2025
27,873
296,911
185,435
510,219
Depreciation and impairment
At 1 November 2024
8,804
211,892
74,292
294,988
Depreciation charged in the year
2,797
22,975
18,544
44,316
Eliminated in respect of disposals
(2,099)
(26,501)
-
0
(28,600)
At 31 October 2025
9,502
208,366
92,836
310,704
Carrying amount
At 31 October 2025
18,371
88,545
92,599
199,515
At 31 October 2024
18,557
52,265
89,901
160,723
MCVICKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 9 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,041,014
1,652,629
Corporation tax recoverable
137,859
-
0
Amounts owed by group undertakings
15,298
13,428
Other debtors
33,561
98,416
1,227,732
1,764,473

Debtors are measured at transaction price, less any impairment.

7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
637,196
1,099,310
Amounts owed to group undertakings
15,040
531,420
Corporation tax
-
0
180,853
Other taxation and social security
96,764
61,172
Other creditors
388,229
228,772
1,137,229
2,101,527

Short term creditors are measured at the transaction price.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mr Jason Cheesman FCA
Statutory Auditor:
Mitchells Limited
Date of audit report:
10 July 2026
9
Operating lease commitments
As lessee
MCVICKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
9
Operating lease commitments
(Continued)
- 10 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
4,627
6,638
10
Parent company

The parent company of McVickers Limited is McVickers Holdings Limited, a company registered in England and Wales. The registered address is 2 Woodland Court, Greencroft Industrial Park, Annfield Plain, Stanley, County Durham, DH9 7BF. The parent company's registered number is 07434088.

2025-10-31 2024-11-01 false false false 10 July 2026 CCH Software CCH Accounts Production 2026.100 Mrs C A Ridley Mr A Storey Mr S Peacock Mr M Armstrong Mr J Woods 1237036 2024-11-01 2025-10-31 1237036 bus:Director1 2024-11-01 2025-10-31 1237036 bus:Director2 2024-11-01 2025-10-31 1237036 bus:Director3 2024-11-01 2025-10-31 1237036 bus:Director4 2024-11-01 2025-10-31 1237036 bus:Director5 2024-11-01 2025-10-31 1237036 2025-10-31 1237036 2023-11-01 2024-10-31 1237036 core:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 1237036 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 1237036 2024-10-31 1237036 core:FurnitureFittings 2025-10-31 1237036 core:MotorVehicles 2025-10-31 1237036 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-10-31 1237036 core:FurnitureFittings 2024-10-31 1237036 core:MotorVehicles 2024-10-31 1237036 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-10-31 1237036 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 1237036 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 1237036 core:CurrentFinancialInstruments 2025-10-31 1237036 core:CurrentFinancialInstruments 2024-10-31 1237036 core:ShareCapital 2025-10-31 1237036 core:ShareCapital 2024-10-31 1237036 core:CapitalRedemptionReserve 2025-10-31 1237036 core:CapitalRedemptionReserve 2024-10-31 1237036 core:RetainedEarningsAccumulatedLosses 2025-10-31 1237036 core:RetainedEarningsAccumulatedLosses 2024-10-31 1237036 core:FurnitureFittings 2024-11-01 2025-10-31 1237036 core:MotorVehicles 2024-11-01 2025-10-31 1237036 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-11-01 2025-10-31 1237036 core:FurnitureFittings 2024-10-31 1237036 core:MotorVehicles 2024-10-31 1237036 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-10-31 1237036 2024-10-31 1237036 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 1237036 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 1237036 bus:FRS102 2024-11-01 2025-10-31 1237036 bus:Audited 2024-11-01 2025-10-31 1237036 bus:FullAccounts 2024-11-01 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP