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REGISTERED NUMBER: SC248358 (Scotland)













Financial Statements

for the Year Ended 30 April 2024

for

Mineral Products Association (Scotland)

Mineral Products Association (Scotland) (Registered number: SC248358)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mineral Products Association (Scotland)

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S Davidson
A E Doak
W J Menzies
C Parke





REGISTERED OFFICE: Pavilion 1
Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC248358 (Scotland)





AUDITORS: Gerber Landa & Gee
Statutory Auditor
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Mineral Products Association (Scotland) (Registered number: SC248358)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Debtors 4 30,269 16,515
Cash at bank 213,957 190,322
244,226 206,837
CREDITORS
Amounts falling due within one year 5 48,142 32,515
NET CURRENT ASSETS 196,084 174,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,084

174,322

RESERVES
Income and expenditure account 196,084 174,322
196,084 174,322

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 17 January 2025 and were signed on its behalf by:





W J Menzies - Director


Mineral Products Association (Scotland) (Registered number: SC248358)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mineral Products Association (Scotland) is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Financial instruments
Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 16,644 1,200
Other debtors 13,625 15,315
30,269 16,515

Mineral Products Association (Scotland) (Registered number: SC248358)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 18,000 -
Taxation and social security 8,210 2,548
Other creditors 21,932 29,967
48,142 32,515

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian McGougan (Senior Statutory Auditor)
for and on behalf of Gerber Landa & Gee

7. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

8. MEMBERS' LIABILITY

Mineral Products Association (Scotland) (formerly Quarry Products Association (Scotland)) is a company limited by guarantee and not having a share capital. In the event of the company being wound up, the liability of each member is limited to £10.