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REGISTERED NUMBER: SC194037 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MEADOWBURN MECHANICAL SERVICES LIMITED

MEADOWBURN MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC194037)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MEADOWBURN MECHANICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J F Martin
C Martin





SECRETARY: J F Martin





REGISTERED OFFICE: 5 Campsie Road
Kirkintilloch
Glasgow
G66 1SL





REGISTERED NUMBER: SC194037 (Scotland)





ACCOUNTANT: I M Neilson
Chartered Accountant
62E Cleveden Drive
Glasgow
G12 0NX

MEADOWBURN MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC194037)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 177,699 195,005
Investment property 5 - 134,183
177,699 329,188

CURRENT ASSETS
Debtors 392,783 289,701
Cash at bank 612,089 646,832
1,004,872 936,533
CREDITORS
Amounts falling due within one year (169,596 ) (210,633 )
NET CURRENT ASSETS 835,276 725,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,012,975

1,055,088

CREDITORS
Amounts falling due after more than one
year

-

(12,981

)

PROVISIONS FOR LIABILITIES 6 (9,367 ) (9,229 )
NET ASSETS 1,003,608 1,032,878

MEADOWBURN MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC194037)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 7 175,000 175,000
Revaluation reserve 8 57,960 57,960
Retained earnings 770,648 799,918
SHAREHOLDERS' FUNDS 1,003,608 1,032,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 January 2025 and were signed on its behalf by:





J F Martin - Director


MEADOWBURN MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC194037)

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


1. STATUTORY INFORMATION

Meadowburn Mechanical Services 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.

Turnover
Turnover represents the value of contracting work executed during the period stated net of value added tax.
The turnover and pre-tax profit is attributable to the principal activity, the provision of mechanical, plumbing and electrical engineering services.

Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost over its expected useful life as follows:-

Buildings2%
Equipment & tools20%
Motor vehicles25%
Office equipment & furniture15% or more
Fixtures & fittings20% or more

The assets residual values, useful lives and depreciation methods are reviewed annually and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

MEADOWBURN MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC194037)

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


2. ACCOUNTING POLICIES - continued

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.

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 taxation
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.

Hire purchase contracts
Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated over their expected useful lives. Finance charges and interest are taken to profit and loss accounts in constant proportion to the remaining balance of capital repayments or net obligations outstanding.

Pensions
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions payable by the company to the funds.

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 cost using the effective interest method, less any impairment.

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

MEADOWBURN MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC194037)

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


2. ACCOUNTING POLICIES - continued

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Profit and Loss Account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 339,626
Additions 14,018
Disposals (25,668 )
At 30 September 2024 327,976
DEPRECIATION
At 1 October 2023 144,621
Charge for year 22,324
Eliminated on disposal (16,668 )
At 30 September 2024 150,277
NET BOOK VALUE
At 30 September 2024 177,699
At 30 September 2023 195,005

The net book value of assets (motor vehicles only) held under hire purchase contracts was £25,500 (30/9/23: £41,000).

MEADOWBURN MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: SC194037)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 134,183
Disposals (134,183 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 134,183

6. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 9,367 9,229

Deferred
tax
£   
Balance at 1 October 2023 9,229
Charge to Income Statement during year 138
Balance at 30 September 2024 9,367

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
175,000 ordinary £1 175,000 175,000

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 57,960