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REGISTERED NUMBER: SC467753 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MICROTECH BUSINESS INTELLIGENCE LIMITED

MICROTECH BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: SC467753)

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 BUSINESS INTELLIGENCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C McMail
Miss N McMail
Mrs A M McMail
Miss C McMail





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





REGISTERED NUMBER: SC467753 (Scotland)





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

MICROTECH BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: SC467753)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,470 218,886
Investment property 5 2,390,500 3,189,143
2,604,970 3,408,029

CURRENT ASSETS
Debtors 6 266,538 306,294
Cash at bank 14,645 125,884
281,183 432,178
CREDITORS
Amounts falling due within one year 7 845,087 748,348
NET CURRENT LIABILITIES (563,904 ) (316,170 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,041,066

3,091,859

PROVISIONS FOR LIABILITIES 253,980 259,915
NET ASSETS 1,787,086 2,831,944

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,787,085 2,831,943
SHAREHOLDERS' FUNDS 1,787,086 2,831,944

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 BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: SC467753)

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 BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: SC467753)

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


1. STATUTORY INFORMATION

Microtech Business Intelligence 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 as modified by the revaluation of certain assets.

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 represents net rents received from properties excluding value added tax.

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 - 15% 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.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


MICROTECH BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: SC467753)

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


2. ACCOUNTING POLICIES - continued
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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 371,115 38,695 409,810
Additions 11,457 25,188 36,645
At 30 April 2024 382,572 63,883 446,455
DEPRECIATION
At 1 May 2023 187,343 3,581 190,924
Charge for year 29,279 11,782 41,061
At 30 April 2024 216,622 15,363 231,985
NET BOOK VALUE
At 30 April 2024 165,950 48,520 214,470
At 30 April 2023 183,772 35,114 218,886

MICROTECH BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: SC467753)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 3,189,143
Additions 425,816
Disposals (197,854 )
Impairments (1,026,605 )
At 30 April 2024 2,390,500
NET BOOK VALUE
At 30 April 2024 2,390,500
At 30 April 2023 3,189,143

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 880,350
Valuation in 2024 (1,026,605 )
Cost 2,536,755
2,390,500

If investment property had not been revalued it would have been included at the following historical cost:

30/4/24 30/4/23
£    £   
Cost 2,536,755 2,308,793

Investment property was valued on an open market basis basis on 30 April 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 2,737 1,527
Other debtors 153,424 248,177
Directors' current accounts 62,171 -
VAT 3,809 7,193
Prepayments 44,397 49,397
266,538 306,294

MICROTECH BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: SC467753)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Other loans 24,167 34,167
Trade creditors 11,632 55,952
Social security and other taxes 14,502 17,171
Other creditors 794,433 590,100
Directors' current accounts - 42,349
Accruals and deferred income 353 8,609
845,087 748,348

8. RELATED PARTY DISCLOSURES

Key management personnel of the entity or its parent (in the aggregate)

30/04/24 30/04/23
£    £
Amounts due from related parties 112,598 97,469

Amounts due to related parties 781,730 579,848




9. ULTIMATE CONTROLLING PARTY

The controlling party is MBI Property Holdings Limited.