1 November 2022 false No description of principal activity Taxfiler 2023.12 SC677103business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC6771032022-10-31 SC6771032022-11-012023-10-31 SC677103business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 SC677103business:FilletedAccounts2022-11-012023-10-31 SC6771032023-10-31 SC677103business:Director12022-11-012023-10-31 SC677103business:Director22022-11-012023-10-31 SC677103business:RegisteredOffice2022-11-012023-10-31 SC6771032022-10-31 SC677103core:WithinOneYear2023-10-31 SC677103core:WithinOneYear2022-10-31 SC677103core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC677103core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC677103core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC677103core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC677103core:PreviouslyStatedAmount2023-10-31 SC677103core:PreviouslyStatedAmount2022-10-31 SC677103business:SmallEntities2022-11-012023-10-31 SC677103countries:Scotland2022-11-012023-10-31 SC677103core:ComputerEquipment2022-11-012023-10-31 SC677103core:ComputerEquipment2022-10-31 SC677103core:ComputerEquipment2023-10-31 SC6771032021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC677103 (Scotland)
MEYRICK TECHNOLOGY LTD Unaudited accounts for the year ended 31 October 2023
MEYRICK TECHNOLOGY LTD Unaudited accounts Contents
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MEYRICK TECHNOLOGY LTD Company Information for the year ended 31 October 2023
Directors
Meyrick Charles Harrison Monika Harrison
Company Number
SC677103 (Scotland)
Registered Office
3/2 21 MALTA TERRACE GLASGOW G5 0TN SCOTLAND
Accountants
TaxKings Ltd 4th Floor, 176 Bath Street Glasgow G2 4HG
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MEYRICK TECHNOLOGY LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
318 
262 
Current assets
Inventories
44,418 
23,240 
Cash at bank and in hand
55,285 
20,002 
99,703 
43,242 
Creditors: amounts falling due within one year
(41,184)
(11,461)
Net current assets
58,519 
31,781 
Net assets
58,837 
32,043 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
58,836 
32,042 
Shareholders' funds
58,837 
32,043 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by
Meyrick Charles Harrison Director Company Registration No. SC677103
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MEYRICK TECHNOLOGY LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MEYRICK TECHNOLOGY LTD is a private company, limited by shares, registered in Scotland, registration number SC677103. The registered office is 3/2 21 MALTA TERRACE, GLASGOW, G5 0TN, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
4 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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MEYRICK TECHNOLOGY LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
349 
Additions
191 
At 31 October 2023
540 
Depreciation
At 1 November 2022
87 
Charge for the year
135 
At 31 October 2023
222 
Net book value
At 31 October 2023
318 
At 31 October 2022
262 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
10,911 
4,824 
Taxes and social security
15,623 
6,637 
Loans from directors
14,650 
- 
41,184 
11,461 
6
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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