Acorah Software Products - Accounts Production 16.1.300 true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC560879 Mr Michael Mcelwee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC560879 2023-03-31 SC560879 2024-03-31 SC560879 2023-04-01 2024-03-31 SC560879 frs-core:CurrentFinancialInstruments 2024-03-31 SC560879 frs-core:Non-currentFinancialInstruments 2024-03-31 SC560879 frs-core:PlantMachinery 2024-03-31 SC560879 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC560879 frs-core:PlantMachinery 2023-03-31 SC560879 frs-core:ShareCapital 2024-03-31 SC560879 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC560879 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC560879 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC560879 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC560879 frs-bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 SC560879 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC560879 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC560879 frs-bus:Director1 2023-04-01 2024-03-31 SC560879 frs-bus:Director1 2023-03-31 SC560879 frs-bus:Director1 2024-03-31 SC560879 frs-countries:Scotland 2023-04-01 2024-03-31 SC560879 2022-03-31 SC560879 2023-03-31 SC560879 2022-04-01 2023-03-31 SC560879 frs-core:CurrentFinancialInstruments 2023-03-31 SC560879 frs-core:Non-currentFinancialInstruments 2023-03-31 SC560879 frs-core:ShareCapital 2023-03-31 SC560879 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC560879
M&N Industrial Solutions Ltd
Financial Statements
For The Year Ended 31 March 2024
Findlay Todd Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC560879
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 10,401 13,693
Cash at bank and in hand 400 400
10,801 14,093
Creditors: Amounts Falling Due Within One Year 6 (262 ) (214 )
NET CURRENT ASSETS (LIABILITIES) 10,539 13,879
TOTAL ASSETS LESS CURRENT LIABILITIES 10,539 13,879
Creditors: Amounts Falling Due After More Than One Year 7 (11,850 ) (14,634 )
NET LIABILITIES (1,311 ) (755 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,312 ) (756 )
SHAREHOLDERS' FUNDS (1,311) (755)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Mcelwee
Director
05/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M&N Industrial Solutions Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC560879 . The registered office is 6 Duffshill Way Portlethen, Aberdeen, AB12 4WS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 1,575
As at 31 March 2024 1,575
Depreciation
As at 1 April 2023 1,575
As at 31 March 2024 1,575
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Director's loan account 10,401 13,693
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 262 214
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,850 14,634
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Michael Mcelwee 13,693 10,401 13,693 - 10,401
The above loan is unsecured, interest free and repayable on demand.
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