Company Registration No. SC479026 (Scotland)
Macnairs & Wilson Limited
Unaudited accounts
for the year ended 31 December 2025
Macnairs & Wilson Limited
Unaudited accounts
Contents
Macnairs & Wilson Limited
Company Information
for the year ended 31 December 2025
Directors
Douglas Mitchell
Stuart Wilson
Company Number
SC479026 (Scotland)
Registered Office
9-11 NEW STREET
PAISLEY
PA1 1XU
Accountants
Orry Consultancy Limited
11 Bonnyton Drive
Eaglesham
Glasgow
G76 0LT
Macnairs & Wilson Limited
Statement of financial position
as at 31 December 2025
Tangible assets
7,086
9,449
Debtors
1,408,201
1,312,769
Cash at bank and in hand
22,587
7,300
Creditors: amounts falling due within one year
(1,078,497)
(1,159,107)
Net current assets
402,291
210,962
Total assets less current liabilities
409,377
220,411
Creditors: amounts falling due after more than one year
-
(8,333)
Net assets
409,377
212,078
Called up share capital
150
150
Profit and loss account
409,227
211,928
Shareholders' funds
409,377
212,078
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2026 and were signed on its behalf by
Douglas Mitchell
Director
Company Registration No. SC479026
Macnairs & Wilson Limited
Notes to the Accounts
for the year ended 31 December 2025
Macnairs & Wilson Limited is a private company, limited by shares, registered in Scotland, registration number SC479026. The registered office is 9-11 NEW STREET, PAISLEY, PA1 1XU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Macnairs & Wilson Limited
Notes to the Accounts
for the year ended 31 December 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
At 31 December 2025
60,000
At 31 December 2025
60,000
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2025
5,886
20,198
26,084
At 31 December 2025
5,886
20,198
26,084
At 1 January 2025
2,889
13,746
16,635
Charge for the year
-
2,363
2,363
At 31 December 2025
2,889
16,109
18,998
At 31 December 2025
2,997
4,089
7,086
At 31 December 2024
2,997
6,452
9,449
Macnairs & Wilson Limited
Notes to the Accounts
for the year ended 31 December 2025
Amounts falling due within one year
Trade debtors
304,967
226,449
Accrued income and prepayments
26,679
33,671
Other debtors
1,076,555
1,052,649
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,333
10,000
Taxes and social security
77,611
30,915
Other creditors
1,011,749
1,031,299
Loans from directors
(56,627)
32,064
8
Creditors: amounts falling due after more than one year
2025
2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The terms of the Loans are that they are interest free and repayable on demand. The Loans were repaid 31 March 2026.
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Average number of employees
During the year the average number of employees was 12 (2024: 14).