The Wood Shop (Macduff) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC379924

The Wood Shop (Macduff) Ltd

Filleted Unaudited Financial Statements

31 August 2026

The Wood Shop (Macduff) Ltd

Statement of Financial Position

31 August 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	27,970	36,984

Current assets

Stocks		100,450	106,585
Debtors	6	50,351	37,555
Cash at bank and in hand		48,005	14,275
		---------	---------
		198,806	158,415

Creditors: amounts falling due within one year	7	191,918	148,203
		---------	---------
Net current assets		6,888	10,212
		--------	--------
Total assets less current liabilities		34,858	47,196
		--------	--------
Net assets		34,858	47,196
		--------	--------

Capital and reserves

Called up share capital	250	250
Profit and loss account	34,608	46,946
	--------	--------
Shareholders funds	34,858	47,196
	--------	--------

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 income and retained earnings has not been delivered.

For the year ending 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Wood Shop (Macduff) Ltd

Statement of Financial Position (continued)

31 August 2026

These financial statements were approved by the board of directors and authorised for issue on 6 October 2026 , and are signed on behalf of the board by:

Mr G Finnie
Director

Company registration number: SC379924

The Wood Shop (Macduff) Ltd

Notes to the Financial Statements

Year ended 31 August 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 1 Macduff Industrial Estate, Old Gamrie Road, Macduff, Aberdeenshire, AB44 1GD.

2. Statement of compliance

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

The following assets and liabilities are classified as financial instruments - bank, trade debtors, trade creditors, and director's loans to the company. Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand held on demand. Trade debtors and creditors are measured at the undiscounted amounts receivable from the customer or payable to a supplier, which is normally the invoiced price. Trade debtors are assessed at the end of each reporting period for the objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of income and retained earnings. Directors' loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2025: 4 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 September 2025	102,054	37,453	139,507
Additions	310	–	310
	---------	--------	---------
At 31 August 2026	102,364	37,453	139,817
	---------	--------	---------
Depreciation
At 1 September 2025	81,617	20,906	102,523
Charge for the year	5,187	4,137	9,324
	---------	--------	---------
At 31 August 2026	86,804	25,043	111,847
	---------	--------	---------
Carrying amount
At 31 August 2026	15,560	12,410	27,970
	---------	--------	---------
At 31 August 2025	20,437	16,547	36,984
	---------	--------	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	49,132	36,512
Other debtors	1,219	1,043
	--------	--------
	50,351	37,555
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	2,456	21,140
Social security and other taxes	8,296	1,703
Net Wages	1,012	–
Other creditors	180,154	125,360
	---------	---------
	191,918	148,203
	---------	---------