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REGISTERED NUMBER: SC184598 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Middleford Engineering Projects Ltd.

Middleford Engineering Projects Ltd. (Registered number: SC184598)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Middleford Engineering Projects Ltd.

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr L Brown





REGISTERED OFFICE: East Crossley Steading
Netherley
By Stonehaven
Kincardineshire
AB39 3QY





REGISTERED NUMBER: SC184598 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Middleford Engineering Projects Ltd. (Registered number: SC184598)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 58,227 72,683

CURRENT ASSETS
Debtors 5 14,136 15,315
Cash at bank 13,862 10,809
27,998 26,124
CREDITORS
Amounts falling due within one year 6 80,471 39,661
NET CURRENT LIABILITIES (52,473 ) (13,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,754

59,146

CREDITORS
Amounts falling due after more than one
year

7

-

(53,363

)

PROVISIONS FOR LIABILITIES (2,610 ) (4,447 )
NET ASSETS 3,144 1,336

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 3,114 1,306
SHAREHOLDERS' FUNDS 3,144 1,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Middleford Engineering Projects Ltd. (Registered number: SC184598)

Balance Sheet - continued
31 March 2025


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:





Mr L Brown - Director


Middleford Engineering Projects Ltd. (Registered number: SC184598)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Middleford Engineering Projects Ltd. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax
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 and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Middleford Engineering Projects Ltd. (Registered number: SC184598)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 - 107,276 2,333 109,609
Additions 1,060 - - 1,060
At 31 March 2025 1,060 107,276 2,333 110,669
DEPRECIATION
At 1 April 2024 - 35,268 1,658 36,926
Charge for year 265 14,799 452 15,516
At 31 March 2025 265 50,067 2,110 52,442
NET BOOK VALUE
At 31 March 2025 795 57,209 223 58,227
At 31 March 2024 - 72,008 675 72,683

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 72,104
DEPRECIATION
At 1 April 2024 1,210
Charge for year 14,520
At 31 March 2025 15,730
NET BOOK VALUE
At 31 March 2025 56,374
At 31 March 2024 70,894

Middleford Engineering Projects Ltd. (Registered number: SC184598)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 6,655 6,854
Amounts recoverable on contract 590 -
Other debtors 6,891 8,461
14,136 15,315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 53,363 11,796
Taxation and social security 23,028 24,832
Other creditors 4,080 3,033
80,471 39,661

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts - 53,363

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mr L Brown
Balance outstanding at start of year 7,287 (713 )
Amounts advanced - 9,400
Amounts repaid (7,300 ) (1,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13 ) 7,287

9. RELATED PARTY DISCLOSURES

The company made a loan to Lesley Brown, Company Secretary. The loan balance outstanding at the balance sheet date was £5,000 (2024 - NIL). The loan is interest free and there are no fixed repayment terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L Brown.