2023-05-01 SC217938 2024-04-30 SC217938 2023-05-01 2024-04-30 SC217938 2023-04-30 SC217938 2022-05-01 2023-04-30 SC217938 uk-core:WithinOneYear 2023-04-30 SC217938 uk-core:WithinOneYear 2024-04-30 SC217938 uk-core:ShareCapital 2024-04-30 SC217938 uk-core:ShareCapital 2023-04-30 SC217938 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC217938 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC217938 uk-bus:Director1 2023-05-01 2024-04-30 SC217938 uk-core:ToolsEquipment 2023-05-01 2024-04-30 SC217938 uk-core:FurnitureFittings 2023-05-01 2024-04-30 SC217938 uk-core:ToolsEquipment 2023-04-30 SC217938 uk-core:FurnitureFittings 2023-04-30 SC217938 uk-core:Buildings 2023-04-30 SC217938 uk-core:Buildings 2023-05-01 2024-04-30 SC217938 uk-core:Buildings 2024-04-30 SC217938 uk-core:FurnitureFittings 2024-04-30 SC217938 uk-core:ToolsEquipment 2024-04-30 SC217938 uk-core:CostValuation 2023-04-30 SC217938 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-04-30 SC217938 uk-core:DisposalsRepaymentsInvestments 2024-04-30 SC217938 uk-core:DisposalsRepaymentsInvestments uk-core:Non-currentFinancialInstruments 2024-04-30 SC217938 uk-core:RevaluationsIncreaseDecreaseInInvestments 2024-04-30 SC217938 uk-core:RevaluationsIncreaseDecreaseInInvestments uk-core:Non-currentFinancialInstruments 2024-04-30 SC217938 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-04-30 SC217938 uk-core:CostValuation 2024-04-30 SC217938 uk-core:Non-currentFinancialInstruments 2024-04-30 SC217938 uk-core:Non-currentFinancialInstruments 2023-04-30 iso4217:GBP xbrli:pure SC217938 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC217938 uk-bus:FRS102 2023-05-01 2024-04-30 SC217938 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 SC217938 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Mull Geophysical Limited
Registered Number:SC217938
For the year ended 30 April 2024
Scotland
Unaudited Financial Statements
2
For the year ended 30 April 2024
Mull Geophysical Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
SC217938
As at 30 April 2024
Mull Geophysical Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
146,104
145,736
2
Financial assets
258,068
309,464
3
455,568
403,804
Current assets
235,110
Cash and cash equivalents
308,306
308,306
235,110
Trade and other payables: amounts falling due within one
year
(8,389)
(17,197)
4
226,721
291,109
Net current assets
Total assets less current liabilities
746,677
630,525
746,677
Net assets
630,525
Capital and reserves
Called up share capital
1
1
Retained earnings
746,676
630,524
746,677
630,525
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Susan Simpson Director
These financial statements were approved and authorised for issue by the Board on 09 December 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 April 2024
Mull Geophysical Limited
Notes to the Financial Statements
Statutory Information
Mull Geophysical Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC217938.
Registered address:
1F1 Windsor Street
Edinburgh
Midlothian
EH7 5LA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 30 April 2024
Mull Geophysical Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 May 2023
164,518
736
18,452
145,330
626
626
-
-
Additions
-
(1,500)
-
Disposals
(1,500)
At 30 April 2024
145,330
16,952
1,362
163,644
Provision for depreciation and impairment
At 01 May 2023
18,782
685
18,097
-
Charge for year
258
169
89
-
(1,500)
-
(1,500)
-
On disposal
At 30 April 2024
17,540
854
16,686
-
At 30 April 2024
Net book value
145,330
266
508
146,104
At 30 April 2023
145,330
355
51
145,736
3. Investments held as fixed assets
Other investments
Total
At 01 May 2023
258,068
258,068
Cost
£
£
Disposals/Repayments
(80,000)
(80,000)
131,396
131,396
Revaluations
At 30 April 2024
309,464
309,464
At 30 April 2024
Net book value
309,464
309,464
At 01 May 2023
258,068
258,068
3 of 4
6
For the year ended 30 April 2024
Mull Geophysical Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
16,525
7,696
Other creditors
672
693
17,197
8,389
5. Average number of persons employed
During the year the average number of employees was 0
4 of 4