REGISTERED NUMBER: SC557087 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

Mackay Fencing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M MacKay

REGISTERED OFFICE:

Harelaw Farm

Caplethill Road

Barrhead

Glasgow

G67 1TW

REGISTERED NUMBER:

SC557087 (Scotland)

ACCOUNTANTS:

Stevenson Ferguson & Company Limited

15 Parish Gardens

SYMINGTON

Ayrshire

KA1 5SB

FIXED ASSETS

Tangible assets

4

241,000

187,270

CURRENT ASSETS

Stocks

30,544

37,292

Debtors

5

30,063

160,700

Cash at bank and in hand

400,604

264,337

461,211

462,329

CREDITORS

Amounts falling due within one year

6

254,570

274,393

NET CURRENT ASSETS

206,641

187,936

TOTAL ASSETS LESS CURRENT LIABILITIES

447,641

375,206

CREDITORS

Amounts falling due after more than one year

7

-

(10,626

)

PROVISIONS FOR LIABILITIES

(69,165

)

(44,944

)

NET ASSETS

378,476

319,636

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

378,466

319,626

SHAREHOLDERS' FUNDS

378,476

319,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15th August 2026 and were signed by:

J M MacKay - Director

1.	STATUTORY INFORMATION

Mackay Fencing 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

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

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.

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 4 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

412,550

Additions

115,791

Disposals

(61,872

)

Transfer to ownership

45,335

At 31st March 2026

511,804

DEPRECIATION

At 1st April 2025

225,280

Charge for year

43,661

Eliminated on disposal

(43,472

)

Transfer to ownership

45,335

At 31st March 2026

270,804

NET BOOK VALUE

At 31st March 2026

241,000

At 31st March 2025

187,270

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2025

and 31st March 2026

114,055

DEPRECIATION

At 1st April 2025

65,055

Charge for year

8,000

Transfer to ownership

(30,335

)

At 31st March 2026

42,720

NET BOOK VALUE

At 31st March 2026

71,335

At 31st March 2025

49,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

29,444

160,081

Other debtors

619

619

30,063

160,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

9,824

19,552

Trade creditors

3,087

28,138

Taxation and social security

36,217

57,534

Other creditors

205,442

169,169

254,570

274,393

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

-

10,626

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J M MacKay.