N L Macdonald Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC047694 (Scotland)

N L MACDONALD LTD

Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N L Macdonald

A M Macdonald

SECRETARY:

N L Macdonald

REGISTERED OFFICE:

64/67 Bayhead

Stornoway

Isle of Lewis

HS1 2DZ

REGISTERED NUMBER:

SC047694 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

5

1,908,622

1,856,963

Investments

6

62,472

1,971,094

1,919,435

CURRENT ASSETS

Stocks

247,156

226,941

Debtors

7

78,373

63,983

Prepayments and accrued income

14,600

15,881

Cash at bank and in hand

292,138

360,353

632,267

667,158

CREDITORS

Amounts falling due within one year

8

401,900

415,290

NET CURRENT ASSETS

230,367

251,868

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,201,461

2,171,303

CREDITORS

Amounts falling due after more than one
year

9

92,974

106,560

NET ASSETS

2,108,487

2,064,743

CAPITAL AND RESERVES

Called up share capital

200

Capital redemption reserve

400

Retained earnings

2,107,887

2,064,143

SHAREHOLDERS' FUNDS

2,108,487

2,064,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

A M Macdonald - Director

1.	STATUTORY INFORMATION

N L Macdonald Ltd 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 (£).

The financial statements are rounded to the nearest £1.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the sale of petroleum and goods from the forecourt shop in the period, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

2% depreciation on cost

Leasehold

-

5% depreciation on cost

Plant and machinery

-

15% depreciation on cost

Computer equipment

-

25% depreciation on cost

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 Profit and Loss Account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 35 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

Leasehold

machinery

equipment

Totals

£

COST

At 1 January 2025

2,268,713

167,316

700,602

36,745

3,173,376

Additions

137,583

-

137,583

At 31 December 2025

2,406,296

167,316

700,602

36,745

3,310,959

DEPRECIATION

At 1 January 2025

611,081

167,316

512,116

25,900

1,316,413

Charge for year

44,822

-

37,841

3,261

85,924

At 31 December 2025

655,903

167,316

549,957

29,161

1,402,337

NET BOOK VALUE

At 31 December 2025

1,750,393

-

150,645

7,584

1,908,622

At 31 December 2024

1,657,632

-

188,486

10,845

1,856,963

Included in cost of land and buildings is freehold land of £ 402,836 (2024 - £ 402,836 ) which is not depreciated.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

62,472

NET BOOK VALUE

At 31 December 2025

62,472

At 31 December 2024

62,472

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

54,912

52,492

Other debtors

23,461

11,491

78,373

63,983

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

8,300

Trade creditors

227,027

185,511

Corporation Tax

74,066

94,095

VAT

12,897

34,729

Other creditors

9,501

Other taxes & social security

7,822

13,930

Pay Point control account

3,951

6,954

Vouchers liability

8,086

6,620

Accrued charges

50,250

55,650

401,900

415,290

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans - 1-2 years

8,300

Bank loans - 2-5 years

24,900

Bank loans more 5 yr by instal

2,762

11,062

Directors' loan accounts

57,012

62,298

92,974

106,560

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,762

11,062

10.	RELATED PARTY DISCLOSURES

The company paid rent of £24,000 (2024: £24,000) during the year to N L Macdonald. N L Macdonald is a director of, and a shareholder in, the company.

Creditors includes loans from directors of £57,012 (2024: £62,298). There are no repayment terms in place and no interest is being charged on the outstanding balance.

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.