MCT SPECIALISTS LIMITED

Company Registration Number:
SC530096 (Scotland)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

MCT SPECIALISTS LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

MCT SPECIALISTS LIMITED

Company Information

for the Period Ended 29 February 2024




Director: M.C. Thomson
Secretary: Miss J. Jamieson
Registered office: 1
Balnagowan Drive
Aboyne
Aberdeenshire
GB-SCT
AB34 5GT
Company Registration Number: SC530096 (Scotland)

MCT SPECIALISTS LIMITED

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 3,263 1,608
Total fixed assets: 3,263 1,608
Current assets
Debtors: 6 36,652 49,092
Cash at bank and in hand: 483,219 417,295
Total current assets: 519,871 466,387
Creditors: amounts falling due within one year: 7 ( 25,756 ) ( 52,792 )
Net current assets (liabilities): 494,115 413,595
Total assets less current liabilities: 497,378 415,203
Total net assets (liabilities): 497,378 415,203

The notes form part of these financial statements

MCT SPECIALISTS LIMITED

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 497,376 415,201
Shareholders funds: 497,378 415,203

For the year ending 29 February 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 23 October 2024
And Signed On Behalf Of The Board By:

Name: M.C. Thomson
Status: Director

The notes form part of these financial statements

MCT SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rate in order to write off each asset over its estimated useful life :- Office Equipment at 15% on the reducing net book value

MCT SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

MCT SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

MCT SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Dividends


2024
£

2023
£
Dividends paid 0 0

MCT SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Tangible assets

Office equipment Total
Cost £ £
At 01 March 2023 2,296 2,296
Additions 2,230 2,230
Disposals - -
Revaluations - -
Transfers - -
At 29 February 2024 4,526 4,526
Depreciation
At 01 March 2023 688 688
Charge for year 575 575
On disposals - -
Other adjustments - -
At 29 February 2024 1,263 1,263
Net book value
At 29 February 2024 3,263 3,263
At 28 February 2023 1,608 1,608

MCT SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Debtors


2024
£

2023
£
Trade debtors 36,400 49,068
Prepayments and accrued income 24 24
Other debtors 228 0
Total 36,652 49,092

MCT SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 23,462 50,987
Accruals and deferred income 1,307 1,247
Other creditors 987 558
Total 25,756 52,792