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REGISTERED NUMBER: SC253441 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MICROTECH SUPPORT LIMITED

MICROTECH SUPPORT LIMITED (REGISTERED NUMBER: SC253441)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICROTECH SUPPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C McMail
N Fernando
A Young
P Mathewson





SECRETARY: C McMail





REGISTERED OFFICE: 17-19 Hill Street
KILMARNOCK
Ayrshire
KA3 1HA





REGISTERED NUMBER: SC253441 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
Chartered Accountants
20 Barns Street
Ayr
Ayrshire
KA7 1XA

MICROTECH SUPPORT LIMITED (REGISTERED NUMBER: SC253441)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,040 63,385
57,040 63,385

CURRENT ASSETS
Stocks 9,400 9,400
Debtors 6 976,193 947,569
Cash at bank and in hand 762,856 1,025,847
1,748,449 1,982,816
CREDITORS
Amounts falling due within one year 7 1,606,880 1,682,670
NET CURRENT ASSETS 141,569 300,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,609

363,531

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 198,607 363,529
SHAREHOLDERS' FUNDS 198,609 363,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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 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.

MICROTECH SUPPORT LIMITED (REGISTERED NUMBER: SC253441)

BALANCE SHEET - continued
30 APRIL 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 30 January 2025 and were signed on its behalf by:





C McMail - Director


MICROTECH SUPPORT LIMITED (REGISTERED NUMBER: SC253441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Microtech Support 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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - at variable rates on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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

MICROTECH SUPPORT LIMITED (REGISTERED NUMBER: SC253441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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 43 (2023 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 150,000
AMORTISATION
At 1 May 2023
and 30 April 2024 150,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

MICROTECH SUPPORT LIMITED (REGISTERED NUMBER: SC253441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 46,765 86,507 165,820 208,853 507,945
Additions - - 9,999 - 9,999
Disposals - - (7,645 ) - (7,645 )
At 30 April 2024 46,765 86,507 168,174 208,853 510,299
DEPRECIATION
At 1 May 2023 25,397 75,240 135,070 208,853 444,560
Charge for year 3,556 1,126 9,697 - 14,379
Eliminated on disposal - - (5,680 ) - (5,680 )
At 30 April 2024 28,953 76,366 139,087 208,853 453,259
NET BOOK VALUE
At 30 April 2024 17,812 10,141 29,087 - 57,040
At 30 April 2023 21,368 11,267 30,750 - 63,385

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 434,055 464,594
Amounts owed by group undertakings - 6,314
Other debtors 264,029 216
Due from holding company 172,405 172,405
Prepayments 105,704 304,040
976,193 947,569

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 369,636 266,467
Amounts owed to group undertakings 446,132 287,507
Corporation tax 111,441 135,284
Social security and other taxes 36,958 36,595
VAT 76,494 153,202
Other creditors 10,556 12,375
Directors' current accounts 1,434 393
Accruals and deferred income 554,229 790,847
1,606,880 1,682,670

Included in creditors at the year end are outstanding pension contributions of £5,679 (2023 £7,498).

MICROTECH SUPPORT LIMITED (REGISTERED NUMBER: SC253441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Microtech Trustees Limited.