Acorah Software Products - Accounts Production 16.2.850 false true false 1 April 2024 31 March 2025 31 March 2025 SC761271 Mrs Cheryl Murchie Mr Christopher Murchie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC761271 2024-03-31 SC761271 2025-03-31 SC761271 2024-04-01 2025-03-31 SC761271 frs-core:CurrentFinancialInstruments 2025-03-31 SC761271 frs-core:Non-currentFinancialInstruments 2025-03-31 SC761271 frs-core:MoreThanFiveYears 2025-03-31 SC761271 frs-core:MotorVehicles 2025-03-31 SC761271 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC761271 frs-core:MotorVehicles 2024-03-31 SC761271 frs-core:PlantMachinery 2025-03-31 SC761271 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC761271 frs-core:PlantMachinery 2024-03-31 SC761271 frs-core:OtherReservesSubtotal 2025-03-31 SC761271 frs-core:ShareCapital 2025-03-31 SC761271 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC761271 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC761271 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC761271 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC761271 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC761271 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC761271 frs-bus:Director1 2024-04-01 2025-03-31 SC761271 frs-bus:Director2 2024-04-01 2025-03-31 SC761271 frs-countries:Scotland 2024-04-01 2025-03-31
Registered number: SC761271
Mie Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Valorem Financial Accountants
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: SC761271
2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 50,339
50,339
CURRENT ASSETS
Debtors 5 747
Cash at bank and in hand 6,172
6,919
Creditors: Amounts Falling Due Within One Year 6 (4,284 )
NET CURRENT ASSETS (LIABILITIES) 2,635
TOTAL ASSETS LESS CURRENT LIABILITIES 52,974
Creditors: Amounts Falling Due After More Than One Year 7 (49,396 )
NET ASSETS 3,578
CAPITAL AND RESERVES
Called up share capital 9 1
Other reserves 6,646
Income Statement (3,069 )
SHAREHOLDERS' FUNDS 3,578
For the year ending 31 March 2025 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.
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 Income Statement.
On behalf of the board
Mr Christopher Murchie
Director
11/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mie Electrical Limited is a private company, limited by shares, incorporated in Scotland, registered number SC761271 . The registered office is 80 Main Street, Alexandria, G83 0PB.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 3 years straightline
Motor Vehicles 5 years straightline
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 8,124 - 8,124
Additions - 50,096 50,096
As at 31 March 2025 8,124 50,096 58,220
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 April 2024 2,688 - 2,688
Provided during the period 2,688 2,505 5,193
As at 31 March 2025 5,376 2,505 7,881
Net Book Value
As at 31 March 2025 2,748 47,591 50,339
As at 1 April 2024 5,436 - 5,436
5. Debtors
2025
£
Due within one year
Trade debtors 634
Other debtors 113
747
6. Creditors: Amounts Falling Due Within One Year
2025
£
Trade creditors 3,963
Other creditors 321
4,284
7. Creditors: Amounts Falling Due After More Than One Year
2025
£
Net obligations under finance lease and hire purchase contracts 49,396
8. Obligations Under Finance Leases and Hire Purchase
2025
£
The future minimum finance lease payments are as follows:
Later than five years 49,396
9. Share Capital
2025
£
Allotted, Called up and fully paid 1
Page 3