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REGISTERED NUMBER: SC434478 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

MONTOSC ENGINEERING PROJECTS LIMITED

MONTOSC ENGINEERING PROJECTS LIMITED (REGISTERED NUMBER: SC434478)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONTOSC ENGINEERING PROJECTS LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: M A Wiggin





REGISTERED OFFICE: 1st Floor, 5 Abercrombie Court
Prospect Road, Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC434478 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

MONTOSC ENGINEERING PROJECTS LIMITED (REGISTERED NUMBER: SC434478)

Balance Sheet
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,966 1,064

CURRENT ASSETS
Debtors 5 8,895 9,870
Cash at bank 10,033 24,478
18,928 34,348
CREDITORS
Amounts falling due within one year 6 14,852 17,300
NET CURRENT ASSETS 4,076 17,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,042

18,112

CREDITORS
Amounts falling due after more than one year 7 - 2,300
NET ASSETS 7,042 15,812

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,942 15,712
SHAREHOLDERS' FUNDS 7,042 15,812

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

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

MONTOSC ENGINEERING PROJECTS LIMITED (REGISTERED NUMBER: SC434478)

Balance Sheet - continued
31 OCTOBER 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 29 January 2024 and were signed by:





M A Wiggin - Director


MONTOSC ENGINEERING PROJECTS LIMITED (REGISTERED NUMBER: SC434478)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

MontOsc Engineering Projects 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.

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.
Computer equipment - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 1 (2022 - 1 ) .

MONTOSC ENGINEERING PROJECTS LIMITED (REGISTERED NUMBER: SC434478)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 371 3,461 3,832
Additions - 2,781 2,781
At 31 October 2023 371 6,242 6,613
DEPRECIATION
At 1 November 2022 198 2,570 2,768
Charge for year 56 823 879
At 31 October 2023 254 3,393 3,647
NET BOOK VALUE
At 31 October 2023 117 2,849 2,966
At 31 October 2022 173 891 1,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 6,240 8,100
Directors' current accounts 885 -
Tax 1,770 1,770
8,895 9,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 2,300 3,600
Trade creditors 165 609
Tax 8,544 6,204
VAT 3,843 5,292
Directors' current accounts - 960
Accrued expenses - 635
14,852 17,300

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years - 2,300