REGISTERED NUMBER: SC549148 (Scotland)

McCran Contractors Limited

Unaudited Financial Statements

for the Year Ended 30th November 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

Mrs M C Thomson

L McCran

Registered office:

West End House

High Street

Melrose

Roxburghshire

TD6 9RU

Business address:

Unit A

Charlesfield Industrial Estate

St Boswells

Melrose

TD6 0HH

Registered number:

SC549148 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

177,941

169,224

Current assets

Stocks

11,500

9,000

Debtors

5

14,540

7,962

Cash at bank

7

3,574

26,047

20,536

Creditors

Amounts falling due within one year

6

112,860

62,133

Net current liabilities

(86,813

)

(41,597

)

Total assets less current liabilities

91,128

127,627

Creditors

Amounts falling due after more than one year

7

(96,376

)

(72,137

)

Provisions for liabilities

-

(9,401

)

Net (liabilities)/assets

(5,248

)

46,089

Capital and reserves

Called up share capital

1

1

Retained earnings

(5,249

)

46,088

(5,248

)

46,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th August 2026 and were signed on its behalf by:

Mrs M C Thomson - Director

1.	Statutory information

McCran Contractors 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 and represents amounts receivable for goods supplied and joinery services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover arising from the provision of joinery services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank overdrafts, bank loans, other loans, hire purchase contracts and directors' loans.

Bank loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest rate method.

Directors' loans (being repayable on demand), trade debtors, trade creditors, accruals, other loans and bank overdrafts are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern

The company has a deficit on the balance sheet. The directors are confident that the company can trade out of its current situation. The accounts have therefore been prepared on the going concern basis.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st December 2024

212,102

98,480

860

311,442

Additions

1,836

41,000

-

42,836

Disposals

-

(26,630

)

-

(26,630

)

At 30th November 2025

213,938

112,850

860

327,648

Depreciation

At 1st December 2024

83,070

58,366

782

142,218

Charge for year

19,547

9,680

78

29,305

Eliminated on disposal

-

(21,816

)

-

(21,816

)

At 30th November 2025

102,617

46,230

860

149,707

Net book value

At 30th November 2025

111,321

66,620

-

177,941

At 30th November 2024

129,032

40,114

78

169,224

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,086

3,001

Other debtors

13,454

4,961

14,540

7,962

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

16,585

6,214

Hire purchase contracts

39,577

36,849

Trade creditors

15,170

10,799

Taxation and social security

1,043

4,879

Other creditors

40,485

3,392

112,860

62,133

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

76,618

68,821

Other creditors

19,758

3,316

96,376

72,137

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

116,195

105,670

Hire purchase contracts are secured against the assets to which they relate.

9.	Directors' advances, credits and guarantees

The following advances and credits to the directors subsisted during the years ended 30th November 2025 and 30th November 2024:

2025

2024

Director 2

Balance outstanding at start of year

4,961

-

Amounts advanced

32,316

34,782

Amount repaid

(29,118

)

(29,821

)

Balance outstanding at end of year

8,159

4,961

This loan is unsecured, interest free, and is repayable on demand.