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REGISTERED NUMBER: SC559274 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Massie Mechanical Services Ltd

Massie Mechanical Services Ltd (Registered number: SC559274)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Massie Mechanical Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S J Massie
C Massie





REGISTERED OFFICE: Nethermill of Tillyhilt
Tarves
Ellon
Aberdeenshire
AB41 7NT





REGISTERED NUMBER: SC559274 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

Massie Mechanical Services Ltd (Registered number: SC559274)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,445 80,698

CURRENT ASSETS
Stocks 20,000 15,000
Debtors 5 15,905 31,777
Cash at bank 47,911 41,077
83,816 87,854
CREDITORS
Amounts falling due within one year 6 67,031 75,661
NET CURRENT ASSETS 16,785 12,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,230

92,891

CREDITORS
Amounts falling due after more than one year 7 25,833 35,833
NET ASSETS 61,397 57,058

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 61,395 57,056
SHAREHOLDERS' FUNDS 61,397 57,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Massie Mechanical Services Ltd (Registered number: SC559274)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





S J Massie - Director


Massie Mechanical Services Ltd (Registered number: SC559274)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Massie Mechanical Services 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Massie Mechanical Services Ltd (Registered number: SC559274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 131,909
Additions 7,358
At 31 March 2024 139,267
DEPRECIATION
At 1 April 2023 51,211
Charge for year 17,611
At 31 March 2024 68,822
NET BOOK VALUE
At 31 March 2024 70,445
At 31 March 2023 80,698

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,592 29,592
Other debtors 4,313 2,185
15,905 31,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 7,453 10,766
Trade creditors 22,759 46,458
Taxation and social security 18,127 11,065
Other creditors 18,692 7,372
67,031 75,661

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 25,833 35,833