Macbride Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Macbride Group Ltd is a private Company, limited by shares, incorporated in Scotland: registration number SC354812 . The registered office address is 11a Faraday Road, Glenrothes, KY6 2RU.

The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affect is only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2.3. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

Page 4

Macbride Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:

Leasehold	10% straight line
Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

Hire purchase contracts and finance leases

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account.

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

...CONTINUED

Page 4

Page 5

Macbride Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Financial Instruments - continued

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.8. Taxation

Current taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred taxation

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.9. Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows: 12 (2025: 12)

Page 5

Page 6

Macbride Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2025	848	92,989	125,121	218,958
Additions	-	10,360	-	10,360

As at 31 March 2026	848	103,349	125,121	229,318

Depreciation
As at 1 April 2025	848	61,132	71,287	133,267
Provided during the period	-	5,623	13,461	19,084

As at 31 March 2026	848	66,755	84,748	152,351

Net Book Value
As at 31 March 2026	-	36,594	40,373	76,967

As at 1 April 2025	-	31,857	53,834	85,691

5. Stocks

	2026	2025
	£	£
Stock	154,592	184,201
Work in progress	127,088	159,552

	281,680	343,753

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	163,981	103,155
Other debtors	19,124	13,692

	183,105	116,847

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	25,095	33,616
Trade creditors	74,446	85,250
Bank loans and overdrafts	49,351	113,347
Other loans	62,982	-
Other creditors	12,827	29,322
Taxation and social security	79,258	97,680

	303,959	359,215

Page 6

Page 7

Macbride Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

The bank loans and other loans are secured over the assets of the company.

Obligations under finance lease and hire purchase contracts falling due within one year are secured over the assets to which they relate.

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	45,369	64,190
Bank loans	4,017	73,287
Other loans	146,628	-

	196,014	137,477

The bank loans and other loans are secured over the assets of the company.

Obligations under finance lease and hire purchase contracts falling due after one year are secured over the assets to which they relate.

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

Page 7

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		76,967		85,691

			76,967		85,691
CURRENT ASSETS
Stocks	5	281,680		343,753
Debtors	6	183,105		116,847
Cash at bank and in hand		1,568		4,458

		466,353		465,058
Creditors: Amounts Falling Due Within One Year	7	(303,959 )		(359,215 )

NET CURRENT ASSETS (LIABILITIES)			162,394		105,843

TOTAL ASSETS LESS CURRENT LIABILITIES			239,361		191,534

Creditors: Amounts Falling Due After More Than One Year	8		(196,014 )		(137,477 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,883 )		-

NET ASSETS			33,464		54,057

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			33,364		53,957

SHAREHOLDERS' FUNDS			33,464		54,057