IRIS Accounts Production v24.3.2.46 SC450132 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4501322023-05-31SC4501322024-05-31SC4501322023-06-012024-05-31SC4501322022-05-31SC4501322022-06-012023-05-31SC4501322023-05-31SC450132ns15:Scotland2023-06-012024-05-31SC450132ns14:PoundSterling2023-06-012024-05-31SC450132ns10:Director12023-06-012024-05-31SC450132ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC450132ns10:SmallEntities2023-06-012024-05-31SC450132ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC450132ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC450132ns10:FullAccounts2023-06-012024-05-31SC450132ns10:OrdinaryShareClass12023-06-012024-05-31SC450132ns10:RegisteredOffice2023-06-012024-05-31SC450132ns5:CurrentFinancialInstruments2024-05-31SC450132ns5:CurrentFinancialInstruments2023-05-31SC450132ns5:Non-currentFinancialInstruments2024-05-31SC450132ns5:Non-currentFinancialInstruments2023-05-31SC450132ns5:ShareCapital2024-05-31SC450132ns5:ShareCapital2023-05-31SC450132ns5:RetainedEarningsAccumulatedLosses2024-05-31SC450132ns5:RetainedEarningsAccumulatedLosses2023-05-31SC450132ns5:PlantMachinery2023-06-012024-05-31SC450132ns5:FurnitureFittings2023-06-012024-05-31SC450132ns5:MotorVehicles2023-06-012024-05-31SC450132ns5:ComputerEquipment2023-06-012024-05-31SC450132ns5:PlantMachinery2023-05-31SC450132ns5:FurnitureFittings2023-05-31SC450132ns5:MotorVehicles2023-05-31SC450132ns5:ComputerEquipment2023-05-31SC450132ns5:PlantMachinery2024-05-31SC450132ns5:FurnitureFittings2024-05-31SC450132ns5:MotorVehicles2024-05-31SC450132ns5:ComputerEquipment2024-05-31SC450132ns5:PlantMachinery2023-05-31SC450132ns5:FurnitureFittings2023-05-31SC450132ns5:MotorVehicles2023-05-31SC450132ns5:ComputerEquipment2023-05-31SC450132ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-31SC450132ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-31SC450132ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: SC450132 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Meteoright Ltd

Meteoright Ltd (Registered number: SC450132)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meteoright Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D MacDonald





REGISTERED OFFICE: Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC450132 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Meteoright Ltd (Registered number: SC450132)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,355 11,567

CURRENT ASSETS
Debtors 5 - 607
Cash at bank and in hand 35,472 95,182
35,472 95,789
CREDITORS
Amounts falling due within one year 6 18,861 30,866
NET CURRENT ASSETS 16,611 64,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,966

76,490

CREDITORS
Amounts falling due after more than one
year

7

28,584

32,447
NET (LIABILITIES)/ASSETS (618 ) 44,043

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (818 ) 43,843
SHAREHOLDERS' FUNDS (618 ) 44,043

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Meteoright Ltd (Registered number: SC450132)

Balance Sheet - continued
31 May 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 director and authorised for issue on 5 September 2024 and were signed by:





D MacDonald - Director


Meteoright Ltd (Registered number: SC450132)

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

1. STATUTORY INFORMATION

Meteoright 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 - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 1,416 3,486 9,600 5,577 20,079
Additions 2,900 - - - 2,900
At 31 May 2024 4,316 3,486 9,600 5,577 22,979
DEPRECIATION
At 1 June 2023 212 2,529 2,400 3,371 8,512
Charge for year 616 144 1,800 552 3,112
At 31 May 2024 828 2,673 4,200 3,923 11,624
NET BOOK VALUE
At 31 May 2024 3,488 813 5,400 1,654 11,355
At 31 May 2023 1,204 957 7,200 2,206 11,567

Meteoright Ltd (Registered number: SC450132)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
VAT - 607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 393
Credit card creditor 84 775
Tax - 753
Social security and other taxes 1,883 941
Directors' current accounts 15,756 26,444
Accrued expenses 1,138 1,560
18,861 30,866

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 28,584 32,447

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
200 Ordinary £1 200 200