Macfabmetal Ltd - Filleted accounts

Registered number

SC466001

Macfabmetal Ltd

Filleted Accounts

30 June 2026

Macfabmetal Ltd
Registered number:		SC466001
Balance Sheet
as at 30 June 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		122,646			139,643

Current assets
Stocks		23,873			12,500
Debtors	4	50,258			69,520
Cash at bank and in hand		1,171			65
		75,302			82,085

Creditors: amounts falling due within one year	5	(127,595)			(123,855)

Net current liabilities			(52,293)			(41,770)

Total assets less current liabilities			70,353			97,873

Creditors: amounts falling due after more than one year	6		(59,480)			(113,802)



Net assets/(liabilities)			10,873			(15,929)

Capital and reserves
Called up share capital			1			1
Profit and loss account			10,872			(15,930)

Shareholder's funds			10,873			(15,929)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Gordon MacDonald
Director
Approved by the board on 17 August 2026

Macfabmetal Ltd
Notes to the Accounts
for the year ended 30 June 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			20% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					4		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2025	2,339		233,652		40,562		276,553
	Additions	-		-		15,371		15,371
	At 30 June 2026	2,339		233,652		55,933		291,924

	Depreciation
	At 1 July 2025	2,221		105,976		28,713		136,910
	Charge for the year	29		25,534		6,805		32,368
	At 30 June 2026	2,250		131,510		35,518		169,278

	Net book value
	At 30 June 2026	89		102,142		20,415		122,646
	At 30 June 2025	118		127,676		11,849		139,643


4	Debtors					2026		2025
£							£

	Trade debtors					48,041		65,775
	Prepayments					2,217		2,150
	Other debtors					-		1,595
						50,258		69,520


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					27,400		28,105
	Obligations under finance lease and hire purchase contracts					4,521		-
	Trade creditors					19,617		3,640
	Accruals					1,977		540
	Taxation and social security costs					(2,395)		20,653
	Other creditors					76,475		70,917
						127,595		123,855


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					47,814		16,667
	Obligations under finance lease and hire purchase contracts					11,666		97,135
						59,480		113,802


7	Other information

	Macfabmetal Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	80 Lanark Road
	Carstairs
	Lanark
	ML11 8QH