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REGISTERED NUMBER: SC130107 (Scotland)















Abridged Unaudited Financial Statements for the Year Ended 28 February 2023

for

M2 Technical Services Limited

M2 Technical Services Limited (Registered number: SC130107)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M2 Technical Services Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: K N McLay
T Irving





SECRETARY: Ms A Middleton





REGISTERED OFFICE: 18 Glebe Street
GLASGOW
G4 0EU





REGISTERED NUMBER: SC130107 (Scotland)





ACCOUNTANTS: RAEBURN ALLISON & CO
CHARTERED ACCOUNTANTS
13/15 STRATHMORE HOUSE
TOWN CENTRE
EAST KILBRIDE
GLASGOW
G74 1LF

M2 Technical Services Limited (Registered number: SC130107)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 72,488 75,427

CURRENT ASSETS
Stocks 2,919 2,865
Debtors 36,501 58,619
Cash at bank 78,940 102,334
118,360 163,818
CREDITORS
Amounts falling due within one year (56,113 ) (76,058 )
NET CURRENT ASSETS 62,247 87,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,735

163,187

CREDITORS
Amounts falling due after more than one
year

-

(33,333

)
NET ASSETS 134,735 129,854

CAPITAL AND RESERVES
Called up share capital 5 27,180 27,180
Revaluation reserve 6 55,532 55,532
Retained earnings 6 52,023 47,142
SHAREHOLDERS' FUNDS 134,735 129,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

M2 Technical Services Limited (Registered number: SC130107)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 November 2023 and were signed on its behalf by:





K N McLay - Director


M2 Technical Services Limited (Registered number: SC130107)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

M2 Technical Services Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services, and excludes value added tax. Revenue from software support contracts is recognised over the period in which services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 March 2022
and 28 February 2023 146,249
DEPRECIATION
At 1 March 2022 70,822
Charge for year 2,939
At 28 February 2023 73,761
NET BOOK VALUE
At 28 February 2023 72,488
At 28 February 2022 75,427

M2 Technical Services Limited (Registered number: SC130107)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 28 February 2023 is represented by:

Totals
£   
Valuation in 2002 55,532
Cost 90,717
146,249

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 69,468 69,468
Aggregate depreciation 30,562 29,173

Freehold land and buildings were valued on an open market basis on 28 February 2002 by Griffin Webster Partnership .

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
27,180 ORDINARY £1 27,180 27,180

6. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2022 47,142 55,532 102,674
Profit for the year 4,881 4,881
At 28 February 2023 52,023 55,532 107,555

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
K N McLay and T Irving
Balance outstanding at start of year 2,413 2,413
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,413 2,413

M2 Technical Services Limited (Registered number: SC130107)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

There were no movements on the director's current accounts during the year, and at the balance sheet date, the balances due to the company by Mr McLay and Mr Irving were £1206 and £1207 respectively. These amounts are shown in Other Debtors.

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr K N McLay.