Company registration number SC539836 (Scotland)
MEWPS SCOTLAND LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
MEWPS SCOTLAND LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MEWPS SCOTLAND LTD
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
150,064
123,755
Current assets
Debtors
4
97,712
95,459
Cash at bank and in hand
7,022
11,067
104,734
106,526
Creditors: amounts falling due within one year
5
(179,021)
(112,375)
Net current liabilities
(74,287)
(5,849)
Total assets less current liabilities
75,777
117,906
Creditors: amounts falling due after more than one year
6
(106,050)
(111,301)
Net (liabilities)/assets
(30,273)
6,605
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(30,373)
6,505
Total equity
(30,273)
6,605

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 April 2025 and are signed on its behalf by:
Mrs S Craig
Director
Company registration number SC539836 (Scotland)
MEWPS SCOTLAND LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

MEWPS Scotland Ltd is a private company limited by shares incorporated in Scotland. The registered office is 10 Woodilee Industrial Estate, Kirkintilloch, Glasgow, G66 3UU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% straight line.
Plant and equipment
25% reducing balance.
Fixtures and fittings
25% reducing balance.
Motor vehicles
25% reducing balance.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MEWPS SCOTLAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
7
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 August 2023
1,420
91,295
688
132,542
225,945
Additions
-
0
59,250
-
0
16,995
76,245
At 31 July 2024
1,420
150,545
688
149,537
302,190
Depreciation and impairment
At 1 August 2023
994
55,483
597
45,116
102,190
Depreciation charged in the year
43
23,765
23
26,105
49,936
At 31 July 2024
1,037
79,248
620
71,221
152,126
Carrying amount
At 31 July 2024
383
71,297
68
78,316
150,064
At 31 July 2023
426
35,812
91
87,426
123,755
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
97,712
92,009
Other debtors
-
0
3,450
97,712
95,459
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
108,810
55,896
Taxation and social security
18,504
25,719
Other creditors
51,707
30,760
179,021
112,375
MEWPS SCOTLAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
106,050
111,301
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