Company Registration No. SC693136 (Scotland)
MCEdge Ltd
Filleted accounts
for the year ended 31 May 2024
MCEdge Ltd
Filleted accounts
Contents
MCEdge Ltd
Company Information
for the year ended 31 May 2024
Directors
Alan Finlay
Alan Murphy
Company Number
SC693136 (Scotland)
Registered Office
1 Cromwell Road
Inverness
IV1 1SX
Accountants
Cameron Consulting (Scotland) Ltd
7 Poles Road
Dornoch
IV25 3HP
MCEdge Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
23,377
832
Cash at bank and in hand
22,632
10,645
Creditors: amounts falling due within one year
(224,305)
(130,240)
Net current assets
7,980
4,224
Total assets less current liabilities
31,357
5,056
Creditors: amounts falling due after more than one year
(5,540)
-
Called up share capital
200
200
Profit and loss account
25,617
4,856
Shareholders' funds
25,817
5,056
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by
Alan Murphy
Director
Company Registration No. SC693136
MCEdge Ltd
Notes to the Accounts
for the year ended 31 May 2024
MCEdge Ltd is a private company, limited by shares, registered in Scotland, registration number SC693136. The registered office is 1 Cromwell Road, Inverness, IV1 1SX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 3-5 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
1,996
-
1,996
Additions
699
30,325
31,024
At 31 May 2024
2,695
30,325
33,020
At 1 June 2023
1,164
-
1,164
Charge for the year
898
7,581
8,479
At 31 May 2024
2,062
7,581
9,643
At 31 May 2024
633
22,744
23,377
MCEdge Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
170,303
114,359
Amounts due from group undertakings etc.
-
9,460
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,208
-
Trade creditors
46,060
44,683
Amounts owed to group undertakings and other participating interests
8,500
6,213
Taxes and social security
54,709
37,448
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,540
-
8
Average number of employees
During the year the average number of employees was 13 (2023: 5).