R. MCGUINNESS BRICKLAYERS LIMITED


Directors	Mrs M A McGuinness
	Mr R McGuinness


Company Secretary	Mrs M A McGuinness


Registered Address	Durn
	Isla Road
	Perth
	PH2 7HF


Registered Number	SC339275 (Scotland)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		35,225		47,158
			35,225		47,158
Current assets
Stocks	5	17,741		16,556
Debtors	6	141,989		118,506
Cash at bank and on hand		65		19
		159,795		135,081
Creditors amounts falling due within one year	7	(175,274)		(152,446)
Net current assets (liabilities)			(15,479)		(17,365)
Total assets less current liabilities			19,746		29,793
Creditors amounts falling due after one year	8		(12,149)		(20,257)
Provisions for liabilities	9		(6,693)		(8,960)
Net assets			904		576
Capital and reserves
Called up share capital			100		100
Profit and loss account			804		476
Shareholders' funds			904		576

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 September 2026, and are signed on its behalf by:

Mrs M A McGuinness
Director
Registered Company No. SC339275

R. MCGUINNESS BRICKLAYERS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charges to profit or loss in the period to which they relate.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25
	Office Equipment	33

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	3		3

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 25	100,000	100,000
At 31 March 26	100,000	100,000
Amortisation and impairment
At 01 April 25	100,000	100,000
At 31 March 26	100,000	100,000
Net book value
At 31 March 26	-	-
At 31 March 25	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 25	568	73,306	5,597	79,471
At 31 March 26	568	73,306	5,597	79,471
Depreciation and impairment
At 01 April 25	544	27,964	3,805	32,313
Charge for year	6	11,335	592	11,933
At 31 March 26	550	39,299	4,397	44,246
Net book value
At 31 March 26	18	34,007	1,200	35,225
At 31 March 25	24	45,342	1,792	47,158

5.	Stocks

	2026	2025
	£	£
Work in progress	17,741	16,556
Total	17,741	16,556

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	118,959	86,463
Other debtors	11,216	20,229
Prepayments and accrued income	11,814	11,814
Total	141,989	118,506

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	18,150	45,805
Taxation and social security	47,620	41,055
Finance lease and HP contracts	6,339	6,339
Other creditors	103,165	59,247
Total	175,274	152,446

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	1,769
Other creditors	12,149	18,488
Total	12,149	20,257

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	6,693	8,960
Total	6,693	8,960

10.	Related party transactions
	Included within debtors due within one year is a directors' loan balance of £10,092 (2025 - £12,972) due from Robert and Margaret Ann McGuinness. Interest is charged at 3.75%.