Maclean Carmichael Limited 31/12/2025 iXBRL

Company registration number: 07587675

Maclean Carmichael Limited

Unaudited filleted financial statements

31 December 2025

Maclean Carmichael Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Maclean Carmichael Limited

Directors and other information


	Directors	Mr Ishan Madan
		Mr Lee Carmichael


	Company number	07587675


	Registered office	70 Gracechurch Street
		London
		EC3V 0XL


	Business address	29-31 Shoebury Road
		Southend-on-sea
		Essex
		SS1 3RP

Maclean Carmichael Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	28,798		62,248
		_______		_______
			28,798		62,248

Current assets
Debtors	6	98,036		90,591
Cash at bank and in hand		404,141		214,741
		_______		_______
		502,177		305,332
Creditors: amounts falling due
within one year	7	( 200,789)		( 141,896)
		_______		_______
Net current assets			301,388		163,436
			_______		_______
Total assets less current liabilities			330,186		225,684


Provisions for liabilities			( 7,200)		( 15,563)

			_______		_______
Net assets			322,986		210,121
			_______		_______

Capital and reserves
Called up share capital			1,400		1,400
Profit and loss account			321,586		208,721
			_______		_______
Shareholders funds			322,986		210,121
			_______		_______

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 September 2026 , and are signed on behalf of the board by:

Mr Ishan Madan

Director

Company registration number: 07587675

Maclean Carmichael Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 70 Gracechurch Street, London, EC3V 0XL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents the fair value of the consideration received or receivable for professional services provided in the normal course of business, net of discounts and Value Added Tax. It comprises fees for accountancy, taxation, payroll, company secretarial and advisory services, together with recoverable disbursements and recharges.

Turnover from the rendering of services is recognised as the services are performed, provided that the amount of turnover can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the company.The majority of the company's services are provided under recurring fee arrangements, under which an agreed annual fee is invoiced in equal monthly instalments. Services under these arrangements are provided continuously throughout the engagement period. Turnover is therefore recognised on a straight-line basis over that period, in line with the monthly instalments invoiced. Fees for other services are recognised as the work is performed and invoiced.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Leases that do not transfer substantially all the risks and rewards of ownership to the company are classified as operating leases. Payments made under operating leases are recognised as an expense in profit or loss on a straight-line basis over the term of the lease, unless another systematic basis is more representative of the time pattern of the user's benefit.

Lease incentives received are recognised in profit or loss over the term of the lease as an integral part of the total lease expense.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	10 %	straight line
Plant and machinery	-	25 %	straight line
Fittings fixtures and equipment	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

The company operates defined contribution pension schemes for its directors and employees. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Contributions payable at the reporting date are included in creditors.

The assets of the schemes are held separately from those of the company in independently administered funds.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 7 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 January 2025	9,276	163,437	172,713
Additions	2,203	-	2,203
	_______	_______	_______
At 31 December 2025	11,479	163,437	174,916
	_______	_______	_______
Depreciation
At 1 January 2025	5,602	104,863	110,465
Charge for the year	2,870	32,783	35,653
	_______	_______	_______
At 31 December 2025	8,472	137,646	146,118
	_______	_______	_______
Carrying amount
At 31 December 2025	3,007	25,791	28,798
	_______	_______	_______
At 31 December 2024	3,674	58,574	62,248
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	88,934	75,489
Other debtors	9,102	15,102
	_______	_______
	98,036	90,591
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	11,822	11,047
Trade creditors	21,817	17,005
Corporation tax	52,500	41,336
Social security and other taxes	55,777	48,583
Other creditors	58,873	23,925
	_______	_______
	200,789	141,896
	_______	_______

8. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	45,776	45,776
Later than 1 year and not later than 5 years	77,109	111,661
Later than 5 years	3,000	15,000
	_______	_______
	125,885	172,437
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Ishan Madan	-	( 2,167)	-	( 2,167)
	Mr Lee Carmichael	6,000	-	( 6,000)	-
		_______	_______	_______	_______
		6,000	( 2,167)	( 6,000)	( 2,167)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Ishan Madan	-	-	-	-
	Mr Lee Carmichael	-	6,000	-	6,000
		_______	_______	_______	_______

10. Controlling party

Ishan Madan is the ultimate controlling party by virtue of his majority shareholding in the company.