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REGISTERED NUMBER: SC341203 (Scotland)












Financial Statements

for the Year Ended 30 November 2023

for

Methameasure Limited

Methameasure Limited (Registered number: SC341203)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Methameasure Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J S Dickson
J G Dickson
J D Burns
C M Cave





SECRETARIES: J G Dickson
J D Burns





REGISTERED OFFICE: 35 Mitchell Arcade
Rutherglen
Glasgow
G73 2LS





REGISTERED NUMBER: SC341203 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Methameasure Limited (Registered number: SC341203)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 299,890 360,059
Investment property 5 527,966 610,491
827,856 970,550

CURRENT ASSETS
Debtors 6 321,553 234,338
Cash at bank 387,895 343,095
709,448 577,433
CREDITORS
Amounts falling due within one year 7 167,780 273,898
NET CURRENT ASSETS 541,668 303,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,369,524

1,274,085

CAPITAL AND RESERVES
Called up share capital 8 1,251 1,251
Fair value reserve 9 44,410 44,410
Retained earnings 1,323,863 1,228,424
SHAREHOLDERS' FUNDS 1,369,524 1,274,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Methameasure Limited (Registered number: SC341203)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





J G Dickson - Director


Methameasure Limited (Registered number: SC341203)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Methameasure 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 as modified by the revaluation of certain assets.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Methameasure Limited (Registered number: SC341203)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 10 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 1,465,167 355,779 102,307 1,923,253
Additions 61,257 25,331 90,116 176,704
At 30 November 2023 1,526,424 381,110 192,423 2,099,957
DEPRECIATION
At 1 December 2022 1,252,520 271,234 39,440 1,563,194
Charge for year 108,530 80,237 48,106 236,873
At 30 November 2023 1,361,050 351,471 87,546 1,800,067
NET BOOK VALUE
At 30 November 2023 165,374 29,639 104,877 299,890
At 30 November 2022 212,647 84,545 62,867 360,059

Methameasure Limited (Registered number: SC341203)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 610,491
Additions 69,198
Disposals (164,717 )
Revaluations 12,994
At 30 November 2023 527,966
NET BOOK VALUE
At 30 November 2023 527,966
At 30 November 2022 610,491

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2020 44,410
Valuation in 2023 12,994
Cost 470,562
527,966

The directors have estimated the fair value of the investment properties as at 30 November 2023 based on reviewing the market in the same areas.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 304,043 192,965
Other debtors 17,510 41,373
321,553 234,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 92,149 145,581
Taxation and social security 53,790 109,317
Other creditors 21,841 19,000
167,780 273,898

Methameasure Limited (Registered number: SC341203)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary A £1 1,000 1,000
250 Ordinary B £1 250 250
1 Ordinary C £1 1 1
1,251 1,251

9. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 44,410