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REGISTERED NUMBER: SC184598 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Middleford Engineering Projects Ltd.

Middleford Engineering Projects Ltd. (Registered number: SC184598)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Middleford Engineering Projects Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr L Brown





REGISTERED OFFICE: East Crossley Steading
Netherley
By Stonehaven
Kincardineshire
AB39 3QY





REGISTERED NUMBER: SC184598 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Middleford Engineering Projects Ltd. (Registered number: SC184598)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,985 2,316

CURRENT ASSETS
Debtors 5 27,249 23,090
Cash at bank 32,145 12,465
59,394 35,555
CREDITORS
Amounts falling due within one year 6 29,703 20,845
NET CURRENT ASSETS 29,691 14,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,676

17,026

PROVISIONS FOR LIABILITIES 184 171
NET ASSETS 31,492 16,855

CAPITAL AND RESERVES
Called up share capital 30 6
Retained earnings 31,462 16,849
SHAREHOLDERS' FUNDS 31,492 16,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Middleford Engineering Projects Ltd. (Registered number: SC184598)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





Mr L Brown - Director


Middleford Engineering Projects Ltd. (Registered number: SC184598)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Middleford Engineering Projects 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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

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 2 (2022 - 2 ) .

Middleford Engineering Projects Ltd. (Registered number: SC184598)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 35,172 3,881 39,053
Additions - 732 732
Disposals - (1,589 ) (1,589 )
At 31 March 2023 35,172 3,024 38,196
DEPRECIATION
At 1 April 2022 33,192 3,545 36,737
Charge for year 495 568 1,063
Eliminated on disposal - (1,589 ) (1,589 )
At 31 March 2023 33,687 2,524 36,211
NET BOOK VALUE
At 31 March 2023 1,485 500 1,985
At 31 March 2022 1,980 336 2,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 16,201 11,262
Amounts recoverable on contract - 1,970
Other debtors 11,048 9,858
27,249 23,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 26,457 17,720
Other creditors 3,246 3,125
29,703 20,845

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr L Brown
Balance outstanding at start of year 9,123 (517 )
Amounts advanced 524 10,000
Amounts repaid (10,360 ) (360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (713 ) 9,123

Middleford Engineering Projects Ltd. (Registered number: SC184598)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L Brown.