REGISTERED NUMBER: 04487576 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

McLeod Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

Mr I Semple

Mr A Cashion

Registered office:

Duncote Mill

Walcot

Telford

Shropshire

TF6 5ER

Registered number:

04487576 (England and Wales)

Accountants:

Hughes & Co.

The Stables

Broseley Hall

Church Street

Broseley

Shropshire

TF12 5DG

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McLeod Limited for the year ended 31 July 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of McLeod Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of McLeod Limited and state those matters that we have agreed to state to the Board of Directors of McLeod Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that McLeod Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McLeod Limited. You consider that McLeod Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of McLeod Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hughes & Co.

The Stables

Broseley Hall

Church Street

Broseley

Shropshire

TF12 5DG

20 November 2025

Fixed assets

Tangible assets

4

73,227

91,924

Current assets

Debtors

5

502,660

483,468

Cash at bank and in hand

132,280

142,082

634,940

625,550

Creditors

Amounts falling due within one year

6

197,423

144,510

Net current assets

437,517

481,040

Total assets less current liabilities

510,744

572,964

Creditors

Amounts falling due after more than one year

7

30,765

44,167

Net assets

479,979

528,797

Capital and reserves

Called up share capital

8

100

100

Retained earnings

9

479,879

528,697

Shareholders' funds

479,979

528,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 20 November 2025 and were signed on its behalf by:

Mr I Semple - Director

1.	STATUTORY INFORMATION

McLeod Limited is a private company, limited by shares , registered in England and Wales. 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.

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

-

33% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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.

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 25 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 August 2024

71,916

10,749

520,093

602,758

Additions

-

-

32,995

32,995

Disposals

-

-

(18,000

)

(18,000

)

At 31 July 2025

71,916

10,749

535,088

617,753

Depreciation

At 1 August 2024

71,894

10,740

428,200

510,834

Charge for year

-

-

51,692

51,692

Eliminated on disposal

-

-

(18,000

)

(18,000

)

At 31 July 2025

71,894

10,740

461,892

544,526

Net book value

At 31 July 2025

22

9

73,196

73,227

At 31 July 2024

22

9

91,893

91,924

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

355,967

319,391

VAT

8,290

4,581

Prepayments and accrued income

1,758

22,851

366,015

346,823

Amounts falling due after more than one year:

Other debtors

136,645

136,645

Aggregate amounts

502,660

483,468

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,167

10,000

Hire purchase contracts

31,128

20,000

Trade creditors

21,697

18,819

Corporation tax

117,033

77,144

Social security and other taxes

14,849

16,068

Directors' current accounts

1,154

84

Accruals and deferred income

2,395

2,395

197,423

144,510

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

-

9,167

Hire purchase contracts

30,765

35,000

30,765

44,167

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

90

Ordinary A shares

1

90

90

10

Ordinary B shares

1

10

10

100

100

9.

RESERVES

Retained

earnings

£

At 1 August 2024

528,697

Profit for the year

333,182

Dividends

(382,000

)

At 31 July 2025

479,879

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.