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REGISTERED NUMBER: SC130107 (Scotland)















Abridged Unaudited Financial Statements for the Year Ended 28 February 2024

for

M2 Technical Services Limited

M2 Technical Services Limited (Registered number: SC130107)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M2 Technical Services Limited

Company Information
for the Year Ended 28 February 2024







DIRECTORS: K N McLay
T Irving





SECRETARY: Ms A Middleton





REGISTERED OFFICE: 32 Flowerhill Street
Flowerhill Industrial Estate
AIRDRIE
ML6 6BH





REGISTERED NUMBER: SC130107 (Scotland)





ACCOUNTANTS: RAEBURN ALLISON & CO
CHARTERED ACCOUNTANTS
13/15 STRATHMORE HOUSE
TOWN CENTRE
EAST KILBRIDE
GLASGOW
G74 1LF

M2 Technical Services Limited (Registered number: SC130107)

Abridged Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,115 72,488

CURRENT ASSETS
Stocks 2,535 2,919
Debtors 30,344 36,501
Cash at bank 76,243 78,940
109,122 118,360
CREDITORS
Amounts falling due within one year (47,945 ) (56,113 )
NET CURRENT ASSETS 61,177 62,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,292

134,735

CAPITAL AND RESERVES
Called up share capital 5 27,180 27,180
Revaluation reserve 6 55,532 55,532
Retained earnings 6 (19,420 ) 52,023
SHAREHOLDERS' FUNDS 63,292 134,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

M2 Technical Services Limited (Registered number: SC130107)

Abridged Balance Sheet - continued
28 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 November 2024 and were signed on its behalf by:





K N McLay - Director


M2 Technical Services Limited (Registered number: SC130107)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

M2 Technical Services 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 represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services, and excludes value added tax. Revenue from software support contracts is recognised over the period in which services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance

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

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 146,249
Disposals (125,000 )
At 28 February 2024 21,249
DEPRECIATION
At 1 March 2023 73,761
Charge for year 373
Eliminated on disposal (55,000 )
At 28 February 2024 19,134
NET BOOK VALUE
At 28 February 2024 2,115
At 28 February 2023 72,488

M2 Technical Services Limited (Registered number: SC130107)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
27,180 ORDINARY £1 27,180 27,180

6. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2023 52,023 55,532 107,555
Deficit for the year (71,443 ) (71,443 )
At 28 February 2024 (19,420 ) 55,532 36,112

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2024 and 28 February 2023:

28.2.24 28.2.23
£    £   
K N McLay and T Irving
Balance outstanding at start of year 2,413 2,413
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,413

There were no movements on the director's current accounts during the year, and at the balance sheet date, the balances due to the company by Mr McLay and Mr Irving were £1206 and £1207 respectively. These amounts are shown in Other Debtors.

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr K N McLay.