REGISTERED NUMBER: SC610744 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

McHugh Madden & Shaw Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

7

DIRECTORS:

A McHugh

S Shaw

K MCHUGH

J P MADDEN

SECRETARY:

K MCHUGH

REGISTERED OFFICE:

76 Hamilton Road

Motherwell

ML1 3BY

REGISTERED NUMBER:

SC610744 (Scotland)

ACCOUNTANTS:

Gordon Ferguson & Co Ltd

76 Hamilton Road

Motherwell

Lanarkshire

ML1 3BY

FIXED ASSETS

Intangible assets

4

313,914

418,552

Tangible assets

5

197,529

273,175

511,443

691,727

CURRENT ASSETS

Stocks

99,903

101,227

Debtors

6

70,444

123,362

Cash at bank and in hand

198,340

186,785

368,687

411,374

CREDITORS

Amounts falling due within one year

7

420,665

379,515

NET CURRENT (LIABILITIES)/ASSETS

(51,978

)

31,859

TOTAL ASSETS LESS CURRENT LIABILITIES

459,465

723,586

CREDITORS

Amounts falling due after more than one year

8

117,773

212,145

NET ASSETS

341,692

511,441

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

643,090

643,090

Retained earnings

(301,498

)

(131,749

)

341,692

511,441

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 directors acknowledge their 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 Board of Directors and authorised for issue on 15 October 2026 and were signed on its behalf by:

K MCHUGH - Director

1.	STATUTORY INFORMATION

McHugh Madden & Shaw Ltd 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 2018, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 38 (2025 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

1,046,380

AMORTISATION

At 1 February 2025

627,828

Charge for year

104,638

At 31 January 2026

732,466

NET BOOK VALUE

At 31 January 2026

313,914

At 31 January 2025

418,552

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2025

120,000

123,980

106,245

Additions

-

-

727

Disposals

-

-

-

At 31 January 2026

120,000

123,980

106,972

DEPRECIATION

At 1 February 2025

-

70,720

66,008

Charge for year

-

13,315

10,115

Eliminated on disposal

-

-

-

At 31 January 2026

-

84,035

76,123

NET BOOK VALUE

At 31 January 2026

120,000

39,945

30,849

At 31 January 2025

120,000

53,260

40,237

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

91,415

21,421

463,061

Additions

-

620

1,347

Disposals

(91,415

)

-

(91,415

)

At 31 January 2026

-

22,041

372,993

DEPRECIATION

At 1 February 2025

39,994

13,164

189,886

Charge for year

11,784

2,142

37,356

Eliminated on disposal

(51,778

)

-

(51,778

)

At 31 January 2026

-

15,306

175,464

NET BOOK VALUE

At 31 January 2026

-

6,735

197,529

At 31 January 2025

51,421

8,257

273,175

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

and 31 January 2026

91,415

DEPRECIATION

At 1 February 2025

39,994

Charge for year

11,784

Eliminated on disposal

(51,778

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

91,415

At 31 January 2025

51,421

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

70,444

59,799

Other debtors

-

63,563

70,444

123,362

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

34,054

34,054

Hire purchase contracts

-

12,374

Trade creditors

71,950

58,455

Taxation and social security

111,252

93,493

Other creditors

203,409

181,139

420,665

379,515

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

117,773

167,352

Hire purchase contracts

-

44,793

117,773

212,145

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

31,136

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2026 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Gordon Ferguson & Co Ltd

76 Hamilton Road

Motherwell

Lanarkshire

ML1 3BY

15 October 2026