REGISTERED NUMBER: SC283112 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

D M & A MacLeod Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ann MacLeod

Donnie Michael MacLeod

SECRETARY:

Ann MacLeod

REGISTERED OFFICE:

218 Altandhu

Achiltibuie

Ullapool

Ross-shire

IV26 2YR

REGISTERED NUMBER:

SC283112 (Scotland)

ACCOUNTANTS:

Leggatts Accountants Ltd

Kempfield Court

Dingwall

Highland

IV15 9RT

FIXED ASSETS

Intangible assets

4

151,060

151,060

Tangible assets

5

734,347

725,973

885,407

877,033

CURRENT ASSETS

Stocks

30,000

18,000

Debtors

6

278,238

355,236

Cash at bank

707,598

492,873

1,015,836

866,109

CREDITORS

Amounts falling due within one year

7

337,139

279,368

NET CURRENT ASSETS

678,697

586,741

TOTAL ASSETS LESS CURRENT LIABILITIES

1,564,104

1,463,774

PROVISIONS FOR LIABILITIES

8

67,314

65,723

NET ASSETS

1,496,790

1,398,051

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

1,496,770

1,398,031

1,496,790

1,398,051

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 30 July 2026 and were signed on its behalf by:

Donnie Michael MacLeod - Director

1.	STATUTORY INFORMATION

D M & A MacLeod 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.

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 2005, has been fully amortised.

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

Hire purchase and leasing commitments

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

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 18 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

90,000

190,000

280,000

AMORTISATION

At 1 November 2024

and 31 October 2025

90,000

38,940

128,940

NET BOOK VALUE

At 31 October 2025

-

151,060

151,060

At 31 October 2024

-

151,060

151,060

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 November 2024

379,708

931,076

195,290

1,506,074

Additions

-

83,382

3,500

86,882

Disposals

-

(25,000

)

-

(25,000

)

At 31 October 2025

379,708

989,458

198,790

1,567,956

DEPRECIATION

At 1 November 2024

-

591,801

188,300

780,101

Charge for year

-

50,886

2,622

53,508

At 31 October 2025

-

642,687

190,922

833,609

NET BOOK VALUE

At 31 October 2025

379,708

346,771

7,868

734,347

At 31 October 2024

379,708

339,275

6,990

725,973

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

182,059

161,836

MV Onward loan

61,368

79,619

Isle Ristol loan

11,250

26,250

Foreign exchange trading

-

62,539

VAT

21,761

10,364

Prepayments

1,800

14,628

278,238

355,236

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

52,482

30,764

Hire purchase contracts

-

6,628

Trade creditors

45,730

75,473

Credit card

8,175

387

Tax

72,447

7,875

Directors' current accounts

158,305

158,241

337,139

279,368

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

67,314

65,723

Deferred

tax

£

Balance at 1 November 2024

65,723

Provided during year

1,591

Balance at 31 October 2025

67,314

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

Donnie Michael MacLeod and Ann MacLeod

Balance outstanding at start of year

(158,241

)

(158,100

)

Amounts advanced

248

179

Amounts repaid

(312

)

(320

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(158,305

)

(158,241

)