Registered number
SC498426
MERKLAND DESIGN & ENGINEERING CONSULTANCY LIMITED
Filleted Accounts
28 February 2023
MERKLAND DESIGN & ENGINEERING CONSULTANCY LIMITED
Registered number: SC498426
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,004 11,740
Current assets
Debtors 4 10,417 8,115
Cash at bank and in hand 101,982 93,168
112,399 101,283
Creditors: amounts falling due within one year 5 (39,885) (36,118)
Net current assets 72,514 65,165
Net assets 81,518 76,905
Capital and reserves
Called up share capital 2 2
Profit and loss account 81,516 76,903
Shareholders' funds 81,518 76,905
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Dunn
Director
Approved by the board on 1 August 2023
MERKLAND DESIGN & ENGINEERING CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 8,955 24,531 33,486
At 28 February 2023 8,955 24,531 33,486
Depreciation
At 1 March 2022 4,975 16,771 21,746
Charge for the year 796 1,940 2,736
At 28 February 2023 5,771 18,711 24,482
Net book value
At 28 February 2023 3,184 5,820 9,004
At 28 February 2022 3,980 7,760 11,740
4 Debtors 2023 2022
£ £
Trade debtors 10,417 8,115
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 21,602
Taxation and social security costs 13,274 13,296
Other creditors 26,611 1,220
39,885 36,118
6 Other information
MERKLAND DESIGN & ENGINEERING CONSULTANCY LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
12 Merkland Park
Dundonald
Kilmarnock
Ayshire
KA2 9JN
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