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REGISTERED NUMBER: SC410244 (Scotland)















Financial Statements for the Year Ended 31 October 2024

for

Middleton Energy Ltd

Middleton Energy Ltd (Registered number: SC410244)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Middleton Energy Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: G A Sutherland
Mrs T V Sutherland





REGISTERED OFFICE: Middleton of Brims
Forss
Thurso
Caithness
KW14 7XU





REGISTERED NUMBER: SC410244 (Scotland)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

Middleton Energy Ltd (Registered number: SC410244)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 104,675 112,655

CURRENT ASSETS
Debtors 5 14,514 14,507
Cash at bank 30,994 56,696
45,508 71,203
CREDITORS
Amounts falling due within one year 6 (1,841 ) (1,273 )
NET CURRENT ASSETS 43,667 69,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,342

182,585

PROVISIONS FOR LIABILITIES 7 (5,321 ) (11,637 )
NET ASSETS 143,021 170,948

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 142,921 170,848
SHAREHOLDERS' FUNDS 143,021 170,948

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

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

Middleton Energy Ltd (Registered number: SC410244)

Balance Sheet - continued
31 October 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 9 January 2025 and were signed on its behalf by:





Mrs T V Sutherland - Director


Middleton Energy Ltd (Registered number: SC410244)

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

1. STATUTORY INFORMATION

Middleton Energy 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 each asset over its estimated useful life.
Plant and machinery - 4% straight line
Computer equipment - 25% straight line

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 2 (2023 - 2 ) .

Middleton Energy Ltd (Registered number: SC410244)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023 204,137 507 204,644
Additions 279 118 397
At 31 October 2024 204,416 625 205,041
DEPRECIATION
At 1 November 2023 91,862 127 91,989
Charge for year 8,221 156 8,377
At 31 October 2024 100,083 283 100,366
NET BOOK VALUE
At 31 October 2024 104,333 342 104,675
At 31 October 2023 112,275 380 112,655

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,514 14,322
Other debtors - 185
14,514 14,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 894 872
Other creditors 947 401
1,841 1,273

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 17,784 18,838
Tax losses carried forward (12,463 ) (7,201 )
5,321 11,637

Middleton Energy Ltd (Registered number: SC410244)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 11,637
Credit to Income Statement during year (1,054 )
Losses carried forward (5,262 )
Balance at 31 October 2024 5,321