Registered number
SC681437
Edinburgh MC Ltd
Filleted Accounts
30 November 2023
Edinburgh MC Ltd
Registered number: SC681437
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,493 1,867
Current assets
Debtors 4 57,278 -
Cash at bank and in hand 26,671 26,113
83,949 26,113
Creditors: amounts falling due within one year 5 (37,357) (17,352)
Net current assets 46,592 8,761
Total assets less current liabilities 48,085 10,628
Creditors: amounts falling due after more than one year 6 (278) (35)
Net assets 47,807 10,593
Capital and reserves
Called up share capital 100 100
Profit and loss account 47,707 10,493
Shareholders' funds 47,807 10,593
The director is 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 director acknowledges her 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.
N Jones
Director
Approved by the board on 20 February 2024
Edinburgh MC Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 the rendering of services.
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 over its expected useful life, as follows:
Fixtures, fittings, tools and equipment by 20% Reducing Balance method
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 periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 2,209
At 30 November 2023 2,209
Depreciation
At 1 December 2022 342
Charge for the year 374
At 30 November 2023 716
Net book value
At 30 November 2023 1,493
At 30 November 2022 1,867
4 Debtors 2023 2022
£ £
Trade debtors 57,278 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Landlord 20,000 6,500
Taxation and social security costs 16,398 9,950
Other creditors 959 902
37,357 17,352
6 Creditors: amounts falling due after one year 2023 2022
£ £
Director's account 278 35
7 Other information
Edinburgh MC Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
4-5 Crighton Place
Edinburgh
EH7 4NZ
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