Keith Macleod Windows And Doors Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC561211

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,000		2,000
Tangible Assets	5		3,645		4,556

			4,645		6,556
CURRENT ASSETS
Stocks	6	58,689		65,483
Debtors	7	5,296		22,370
Cash at bank and in hand		13,179		-

		77,164		87,853
Creditors: Amounts Falling Due Within One Year	8	(63,188 )		(80,413 )

NET CURRENT ASSETS (LIABILITIES)			13,976		7,440

TOTAL ASSETS LESS CURRENT LIABILITIES			18,621		13,996

Creditors: Amounts Falling Due After More Than One Year	9		(20,142 )		(11,667 )

NET (LIABILITIES)/ASSETS			(1,521 )		2,329

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			(1,523 )		2,327

SHAREHOLDERS' FUNDS			(1,521)		2,329

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Keith Macleod Windows And Doors Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Deborah MacLeod

Director

07/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Keith Macleod Windows And Doors Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC561211 . The registered office is 20 Wells Street, Inverness, IV3 5JT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Fixtures & Fittings	20% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

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Keith Macleod Windows And Doors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	10,000

As at 31 March 2026	10,000

Amortisation
As at 1 April 2025	8,000
Provided during the period	1,000

As at 31 March 2026	9,000

Net Book Value
As at 31 March 2026	1,000

As at 1 April 2025	2,000

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2025	13,540	783	14,323

As at 31 March 2026	13,540	783	14,323

Depreciation
As at 1 April 2025	9,129	638	9,767
Provided during the period	882	29	911

As at 31 March 2026	10,011	667	10,678

Net Book Value
As at 31 March 2026	3,529	116	3,645

As at 1 April 2025	4,411	145	4,556

6. Stocks

	2026	2025
	£	£
Stock	15,000	17,000
Work in progress	43,689	48,483

	58,689	65,483

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Keith Macleod Windows And Doors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	5,271	22,083
Prepayments and accrued income	25	287

	5,296	22,370

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	31,830	37,444
Bank loans and overdrafts	-	4,929
Corporation tax	7,755	19,441
Other taxes and social security	527	1,386
VAT	5,022	1,265
Prepaid sales	16,400	13,801
Accruals and deferred income	1,380	1,513
Directors' loan accounts	274	634

	63,188	80,413

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	1,667	11,667
Other loans	18,475	-

	20,142	11,667

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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