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REGISTERED NUMBER: SC450132 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Meteoright Ltd

Meteoright Ltd (Registered number: SC450132)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meteoright Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: D MacDonald





REGISTERED OFFICE: Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC450132 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Meteoright Ltd (Registered number: SC450132)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,567 4,067

CURRENT ASSETS
Debtors 5 607 3,552
Cash at bank and in hand 95,182 160,360
95,789 163,912
CREDITORS
Amounts falling due within one year 6 30,866 56,471
NET CURRENT ASSETS 64,923 107,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,490

111,508

CREDITORS
Amounts falling due after more than one
year

7

32,447

36,995
NET ASSETS 44,043 74,513

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 43,843 74,313
SHAREHOLDERS' FUNDS 44,043 74,513

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

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

Meteoright Ltd (Registered number: SC450132)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





D MacDonald - Director


Meteoright Ltd (Registered number: SC450132)

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

1. STATUTORY INFORMATION

Meteoright 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.
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 - 3,486 - 5,577 9,063
Additions 1,416 - 9,600 - 11,016
At 31 May 2023 1,416 3,486 9,600 5,577 20,079
DEPRECIATION
At 1 June 2022 - 2,361 - 2,635 4,996
Charge for year 212 168 2,400 736 3,516
At 31 May 2023 212 2,529 2,400 3,371 8,512
NET BOOK VALUE
At 31 May 2023 1,204 957 7,200 2,206 11,567
At 31 May 2022 - 1,125 - 2,942 4,067

Meteoright Ltd (Registered number: SC450132)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 3,530
VAT 607 22
607 3,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 393 -
Credit card creditor 775 745
Tax 753 6,919
Social security and other taxes 941 934
Directors' current accounts 26,444 46,194
Accrued expenses 1,560 1,679
30,866 56,471

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 2-5 years 32,447 36,995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
200 Ordinary £1 200 200