Company No: 03336635 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	271,963		272,530
		271,963		272,530
Current assets
Stocks		1,500		1,500
Debtors	5	59,512		47,378
Cash at bank and in hand		233,721		98,370
		294,733		147,248
Creditors: amounts falling due within one year	6	( 174,795)		( 95,249)
Net current assets		119,938		51,999
Total assets less current liabilities		391,901		324,529
Creditors: amounts falling due after more than one year	7	( 23,479)		( 63,063)
Provision for liabilities		( 73,014)		( 74,123)
Net assets		295,408		187,343
Capital and reserves
Called-up share capital	8	3		3
Capital redemption reserve		2		2
Profit and loss account		295,403		187,338
Total shareholders' funds		295,408		187,343

For the financial year ending 28 February 2025 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 financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of McAlpine Projects Limited (registered number: 03336635) were approved and authorised for issue by the Director on 31 October 2025. They were signed on its behalf by:

Kirsten Kenneth Mcalpine Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

McAlpine Projects Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Maybank, Durley Hall Lane Durley, Southampton, SO32 2AN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		4

3. Dividends on equity shares

	2025		2024
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Ordinary A share of £1 Interim	37,500		37,500
Ordinary B share of £1 Interim	37,500		37,500
Ordinary C share of £1 Interim	37,500		37,500
	112,500		112,500

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 March 2024	415,929		27,846		3,928		447,703
Additions	0		89,115		0		89,115
Disposals	( 6,841)		( 27,846)		0		( 34,687)
At 28 February 2025	409,088		89,115		3,928		502,131
Accumulated depreciation
At 01 March 2024	160,054		12,483		2,636		175,173
Charge for the financial year	63,199		6,070		323		69,592
Disposals	( 2,114)		( 12,483)		0		( 14,597)
At 28 February 2025	221,139		6,070		2,959		230,168
Net book value
At 28 February 2025	187,949		83,045		969		271,963
At 29 February 2024	255,875		15,363		1,292		272,530

5. Debtors

	2025		2024
	£		£
Trade debtors	2,064		0
Amounts owed by connected persons	5,119		0
Amounts owed by director	17,691		372
Prepayments	34,638		45,575
VAT recoverable	0		1,431
	59,512		47,378

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts (secured)	4,000		4,000
Trade creditors	41,217		14,270
Amounts owed to connected persons	0		4,759
Accruals	7,526		7,130
Taxation and social security	75,066		12,430
Obligations under finance leases and hire purchase contracts (secured)	46,986		49,768
Other creditors	0		2,892
	174,795		95,249

The hire purchase liabilities are secured over the assets to which they relate.

The bank loans are secured by the Government (being part of the Coronavirus Bounce Back Loan Scheme).

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	4,000		8,000
Obligations under finance leases and hire purchase contracts (secured)	19,479		55,063
	23,479		63,063

The hire purchase liabilities are secured over the assets to which they relate.

The bank loans are secured by the Government (being part of the Coronavirus Bounce Back Loan Scheme).

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 A ordinary share of £ 1.00	1		1
1 B ordinary share of £ 1.00	1		1
1 C ordinary share of £ 1.00	1		1
	3		3

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Balance outstanding at start of year	370		(25,884)
Amounts advanced	117,995		101,254
Amounts repaid	(100,675)		(75,000)
Amounts written off	0		0
Amounts waived	0		0
Balance outstanding at end of year	17,690		370

The loan was unsecured with interest accrued at HMRC agreed interest rates, with no specified repayment date.