REGISTERED NUMBER: SC224081 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Reid Mackellar Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Mackellar

Mrs M McGeehan

C Mackellar

REGISTERED OFFICE:

86-90 West Blackhall Street

Greenock

Renfrewshire

PA15 1XG

REGISTERED NUMBER:

SC224081 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

237,772

215,520

237,772

215,520

CURRENT ASSETS

Stocks

70,863

61,539

Debtors

6

138,281

146,112

Cash at bank

136,924

175,096

346,068

382,747

CREDITORS

Amounts falling due within one year

7

100,958

90,787

NET CURRENT ASSETS

245,110

291,960

TOTAL ASSETS LESS CURRENT LIABILITIES

482,882

507,480

PROVISIONS FOR LIABILITIES

39,585

30,838

NET ASSETS

443,297

476,642

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

441,297

474,642

443,297

476,642

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

C Mackellar - Director

1.	STATUTORY INFORMATION

Reid Mackellar 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2002, is being amortised evenly over its estimated useful life of ten 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.

Land and buildings

-

2% on cost or revalued amount

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and Straight line over 3 years

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 20 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

12,500

AMORTISATION

At 1 December 2024

and 30 November 2025

12,500

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

105,000

547,512

652,512

Additions

-

72,109

72,109

At 30 November 2025

105,000

619,621

724,621

DEPRECIATION

At 1 December 2024

48,300

388,692

436,992

Charge for year

2,100

47,757

49,857

At 30 November 2025

50,400

436,449

486,849

NET BOOK VALUE

At 30 November 2025

54,600

183,172

237,772

At 30 November 2024

56,700

158,820

215,520

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

137,045

138,401

VAT

379

6,855

Prepayments and other debtors

857

856

138,281

146,112

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

43,746

48,907

Tax

39,955

21,502

Social security and other taxes

10,334

8,964

Directors' current accounts

416

416

Accrued expenses

6,507

10,998

100,958

90,787