McDade Promotional & Workwear Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC371981 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

McDade Promotional & Workwear Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D McDade

REGISTERED OFFICE:

8 Rogart Street

Bridgeton

Glasgow

G40 2AA

REGISTERED NUMBER:

SC371981 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Intangible assets

4

15,774

12,469

Tangible assets

5

46,186

51,926

61,960

64,395

CURRENT ASSETS

Debtors

6

7,126

19,320

Cash at bank

55,176

49,396

62,302

68,716

CREDITORS

Amounts falling due within one year

7

57,897

60,160

NET CURRENT ASSETS

4,405

8,556

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,365

72,951

CREDITORS

Amounts falling due after more than one
year

8

2,167

9,935

NET ASSETS

64,198

63,016

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

11

64,197

63,015

SHAREHOLDERS' FUNDS

64,198

63,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2026 and were signed by:

D McDade - Director

1.	STATUTORY INFORMATION

McDade Promotional & Workwear Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

COST

At 1 February 2025

4,500

22,065

26,565

Additions

4,500

-

4,500

At 31 January 2026

9,000

22,065

31,065

AMORTISATION

At 1 February 2025

-

14,096

Amortisation for year

-

1,195

At 31 January 2026

-

15,291

NET BOOK VALUE

At 31 January 2026

9,000

6,774

15,774

At 31 January 2025

4,500

7,969

12,469

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 February 2025

14,632

68,360

10,443

33,442

126,877

Additions

-

154

1,913

2,067

At 31 January 2026

14,632

68,360

10,597

35,355

128,944

DEPRECIATION

At 1 February 2025

2,927

47,941

5,552

18,531

74,951

Charge for year

1,463

3,063

757

2,524

7,807

At 31 January 2026

4,390

51,004

6,309

21,055

82,758

NET BOOK VALUE

At 31 January 2026

10,242

17,356

4,288

14,300

46,186

At 31 January 2025

11,705

20,419

4,891

14,911

51,926

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade debtors

7,126

19,320

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade creditors

4,209

2,487

Tax

1,948

4,143

Social security and other taxes

3,090

250

VAT

7,406

10,454

Directors' current accounts

39,687

41,069

Accrued expenses

1,557

1,757

57,897

60,160

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.26

31.1.25

£

Other loans (see note 9)

2,167

9,935

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.26

31.1.25

£

Amounts falling due between one and two years:

Other loans - 1-2 years

2,167

9,935

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

100

Ordinary

£1

1

11.

RESERVES

Retained

earnings

£

At 1 February 2025

63,015

Profit for the year

1,182

At 31 January 2026

64,197