IRIS Accounts Production v26.1.10.61 SC338570 Board of Directors 1.4.25 31.3.26 31.3.26 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC338570 2025-03-31 SC338570 2026-03-31 SC338570 2025-04-01 2026-03-31 SC338570 2024-03-31 SC338570 2024-04-01 2025-03-31 SC338570 2025-03-31 SC338570 ns15:Scotland 2025-04-01 2026-03-31 SC338570 ns14:PoundSterling 2025-04-01 2026-03-31 SC338570 ns10:Director1 2025-04-01 2026-03-31 SC338570 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC338570 ns10:SmallEntities 2025-04-01 2026-03-31 SC338570 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC338570 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 SC338570 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC338570 ns10:FullAccounts 2025-04-01 2026-03-31 SC338570 1 2025-04-01 2026-03-31 SC338570 ns10:Director2 2025-04-01 2026-03-31 SC338570 ns10:CompanySecretary1 2025-04-01 2026-03-31 SC338570 ns10:RegisteredOffice 2025-04-01 2026-03-31 SC338570 ns5:CurrentFinancialInstruments 2026-03-31 SC338570 ns5:CurrentFinancialInstruments 2025-03-31 SC338570 ns5:Non-currentFinancialInstruments 2026-03-31 SC338570 ns5:Non-currentFinancialInstruments 2025-03-31 SC338570 ns5:ShareCapital 2026-03-31 SC338570 ns5:ShareCapital 2025-03-31 SC338570 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 SC338570 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC338570 ns5:NetGoodwill 2025-04-01 2026-03-31 SC338570 ns5:PlantMachinery 2025-04-01 2026-03-31 SC338570 ns5:NetGoodwill 2025-03-31 SC338570 ns5:NetGoodwill 2026-03-31 SC338570 ns5:NetGoodwill 2025-03-31 SC338570 ns5:PlantMachinery 2025-03-31 SC338570 ns5:PlantMachinery 2026-03-31 SC338570 ns5:PlantMachinery 2025-03-31 SC338570 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 SC338570 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC338570 ns5:CurrentFinancialInstruments 2025-04-01 2026-03-31 SC338570 ns5:WithinOneYear 2026-03-31 SC338570 ns5:WithinOneYear 2025-03-31 SC338570 ns5:BetweenOneFiveYears 2026-03-31 SC338570 ns5:BetweenOneFiveYears 2025-03-31 SC338570 ns5:MoreThanFiveYears 2026-03-31 SC338570 ns5:MoreThanFiveYears 2025-03-31 SC338570 ns5:AllPeriods 2026-03-31 SC338570 ns5:AllPeriods 2025-03-31

REGISTERED NUMBER: SC338570 (Scotland)

| Gilfedder & McInnes Ltd. |

| Unaudited Financial Statements |

| for the Year Ended 31 March 2026 |

| Gilfedder & McInnes Ltd. (Registered number: SC338570) |

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Gilfedder & McInnes Ltd. |

Company Information

for the Year Ended 31 March 2026

| DIRECTORS: | Mr B G Gilfedder

| Mr W R Mulheron

| SECRETARY: | Ms S Steedman

| REGISTERED OFFICE: | 9 Ainslie Place

| Edinburgh

| EH3 9AT

| REGISTERED NUMBER: | SC338570 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| BANKERS: | Bank of Scotland

| The Mound

| Edinburgh

| EH1 1YZ

| Gilfedder & McInnes Ltd. (Registered number: SC338570) |

Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,428 |  | 2,954 |  |

1,428 |  | 2,954 |  |

CURRENT ASSETS

Work in progress | 30,000 |  | 30,000 |  |

Debtors | 6 | 4,191 |  | 5,497 |  |

Cash at bank and in hand | 73,949 |  | 55,362 |  |

108,140 |  | 90,859 |  |

CREDITORS

Amounts falling due within one year | 7 | 76,177 |  | 62,857 |  |

NET CURRENT ASSETS | 31,963 |  | 28,002 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 33,391 |  | 30,956 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (4,167 | ) |

PROVISIONS FOR LIABILITIES | (348 | ) | (696 | ) |

NET ASSETS | 33,043 |  | 26,093 |  |

| Gilfedder & McInnes Ltd. (Registered number: SC338570) |

Balance Sheet - continued

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 32,943 |  | 25,993 |  |

SHAREHOLDERS' FUNDS | 33,043 |  | 26,093 |  |

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by:

Mr B G Gilfedder - Director

| Gilfedder & McInnes Ltd. (Registered number: SC338570) |

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Gilfedder & McInnes Ltd. 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.

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 and revenue recognition

| Turnover represents net invoiced legal aid services, excluding value added tax and is recognised at the point when legal aid is provided.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 33% on cost, 25% on cost and 20% on cost

| Work in progress

| Work in progress is valued at full sales value.

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

| Taxation

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

| Gilfedder & McInnes Ltd. (Registered number: SC338570) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| Contributions payable to the employees pension scheme are charged to profit or loss in the period to which they relate.

| Provisions

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2025 - 5 ) .

| Gilfedder & McInnes Ltd. (Registered number: SC338570) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 600,000 |  |

| AMORTISATION

| At 1 April 2025

| and 31 March 2026 | 600,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  |

| At 31 March 2025 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2025 | 18,439 |  |

| Additions | 175 |  |

| At 31 March 2026 | 18,614 |  |

| DEPRECIATION

| At 1 April 2025 | 15,485 |  |

| Charge for year | 1,701 |  |

| At 31 March 2026 | 17,186 |  |

| NET BOOK VALUE

| At 31 March 2026 | 1,428 |  |

| At 31 March 2025 | 2,954 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Other debtors | 4,191 |  | 5,497 |  |

| Gilfedder & McInnes Ltd. (Registered number: SC338570) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 4,167 |  | 5,000 |  |

| Taxation and social security | 69,362 |  | 55,314 |  |

| Other creditors | 2,648 |  | 2,543 |  |

76,177 |  | 62,857 |  |

| Included within other creditors is a loan from the director, which is unsecured, interest-free and repayable on demand.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Bank loans | - |  | 4,167 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2026 | 2025 |

£ | £ |

| Within one year | 14,112 |  | 14,940 |  |

| Between one and five years | 13,248 |  | 13,248 |  |

| In more than five years | 552 |  | 552 |  |

27,912 |  | 28,740 |  |