James N. Mclean Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04364558 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

JAMES N. MCLEAN LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

J N McLean

SECRETARY:

Mrs F Bowie

REGISTERED OFFICE:

Willowburn Trading Estate

South Road

Alnwick

Northumberland

NE66 2PF

REGISTERED NUMBER:

04364558 (England and Wales)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of James N. Mclean Limited for the year ended 31 March 2026 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of James N. Mclean Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of James N. Mclean Limited and state those matters that we have agreed to state to the director of James N. Mclean Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James N. Mclean Limited and its director for our work or for this report.

It is your duty to ensure that James N. Mclean Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of James N. Mclean Limited. You consider that James N. Mclean Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of James N. Mclean Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

30 July 2026

FIXED ASSETS

Tangible assets

4

100,645

90,002

CURRENT ASSETS

Stocks

140,891

125,769

Debtors

5

26,336

29,896

Cash at bank and in hand

5,466

807

172,693

156,472

CREDITORS

Amounts falling due within one year

6

138,988

102,927

NET CURRENT ASSETS

33,705

53,545

TOTAL ASSETS LESS CURRENT
LIABILITIES

134,350

143,547

CREDITORS

Amounts falling due after more than one year

7

(1,832

)

(16,142

)

PROVISIONS FOR LIABILITIES

(13,241

)

(13,291

)

NET ASSETS

119,277

114,114

CAPITAL AND RESERVES

Called up share capital

40,000

Revaluation reserve

8

32,075

Retained earnings

47,202

42,039

SHAREHOLDERS' FUNDS

119,277

114,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 July 2026 and were signed by:

J N McLean - Director

1.	STATUTORY INFORMATION

James N. Mclean Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets

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

Plant and machinery

-

5% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

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.

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 3 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2025

116,940

778

52,020

169,738

Additions

16,767

-

16,767

At 31 March 2026

133,707

778

52,020

186,505

DEPRECIATION

At 1 April 2025

32,258

604

46,874

79,736

Charge for year

4,733

104

1,287

6,124

At 31 March 2026

36,991

708

48,161

85,860

NET BOOK VALUE

At 31 March 2026

96,716

70

3,859

100,645

At 31 March 2025

84,682

174

5,146

90,002

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

Trade debtors

25,765

29,264

Other debtors

571

632

26,336

29,896

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

Bank loans and overdrafts

-

1,972

Hire purchase contracts

4,317

Trade creditors

13,791

17,377

Taxation and social security

6,106

4,270

Other creditors

114,774

74,991

138,988

102,927

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/26

31/3/25

£

Bank loans

1,671

11,665

Hire purchase contracts

161

4,477

1,832

16,142

8.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

32,075