REGISTERED NUMBER: SC365611 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

J&E MACGREGOR LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E MacGregor

A MacGregor

SECRETARY:

A MacGregor

REGISTERED OFFICE:

1/4 Borthwick View

Pentland industrial Estate

Loanhead

EH20 9QH

REGISTERED NUMBER:

SC365611 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Royal Bank of Scotland

142-144 Princes Street

Edinburgh

EH2 4EQ

FIXED ASSETS

Intangible assets

4

21,411

26,764

Tangible assets

5

29,965

26,288

51,376

53,052

CURRENT ASSETS

Stocks

6

24,290

18,819

Debtors

7

27,049

40,764

Cash at bank and in hand

144,900

129,221

196,239

188,804

CREDITORS

Amounts falling due within one year

8

136,704

148,457

NET CURRENT ASSETS

59,535

40,347

TOTAL ASSETS LESS CURRENT LIABILITIES

110,911

93,399

CREDITORS

Amounts falling due after more than one year

9

-

(2,333

)

PROVISIONS FOR LIABILITIES

(7,522

)

(6,389

)

NET ASSETS

103,389

84,677

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

103,359

84,647

SHAREHOLDERS' FUNDS

103,389

84,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 24 July 2026 and were signed on its behalf by:

J E MacGregor - Director

A MacGregor - Director

1.	STATUTORY INFORMATION

J&E MacGregor 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of seventeen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

Financial instruments

Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

130,000

AMORTISATION

At 1 November 2024

103,236

Charge for year

5,353

At 31 October 2025

108,589

NET BOOK VALUE

At 31 October 2025

21,411

At 31 October 2024

26,764

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

12,371

9,092

105,028

20,309

146,800

Additions

-

1,825

21,578

-

23,403

At 31 October 2025

12,371

10,917

126,606

20,309

170,203

DEPRECIATION

At 1 November 2024

8,058

7,920

84,825

19,709

120,512

Charge for year

431

721

18,147

427

19,726

At 31 October 2025

8,489

8,641

102,972

20,136

140,238

NET BOOK VALUE

At 31 October 2025

3,882

2,276

23,634

173

29,965

At 31 October 2024

4,313

1,172

20,203

600

26,288

6.

STOCKS

2025

2024

£

£

Stocks

24,290

18,819

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,552

37,786

Other debtors

3,497

2,978

27,049

40,764

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

43,803

22,041

Taxation and social security

29,985

34,813

Other creditors

62,916

91,603

136,704

148,457

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

2,333

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £6,000 (2024: £6,000).

11.	BOUNCE BACK LOAN SCHEME

The company has borrowed £20,000 under the Governments Bounce Back Loan Scheme. Under the scheme the Government provides the bank with a guarantee that the loan will be repaid in full. Interest is charged at the rate of 2.5% and the loan is repayable by installments as detailed below.

2025

2024

£

£

< 1 year

2,333

4,259

2-5 years

-

2,333

> 5 years

-

-

2,333

6,592