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REGISTERED NUMBER: SC779140 (Scotland)















Unaudited Financial Statements

for the Period 15 August 2023 to 31 December 2024

for

Megan Ramsay Ltd

Megan Ramsay Ltd (Registered number: SC779140)






Contents of the Financial Statements
for the Period 15 August 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Megan Ramsay Ltd

Company Information
for the Period 15 August 2023 to 31 December 2024







DIRECTOR: Miss Megan E Ramsay





REGISTERED OFFICE: 10a East Thornlie Street
Wishaw
ML2 8AU





REGISTERED NUMBER: SC779140 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Megan Ramsay Ltd (Registered number: SC779140)

Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 24,191

CURRENT ASSETS
Debtors 5 6,831
Cash at bank 116,264
123,095
CREDITORS
Amounts falling due within one year 6 90,420
NET CURRENT ASSETS 32,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,866

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings 56,766
SHAREHOLDERS' FUNDS 56,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Megan Ramsay Ltd (Registered number: SC779140)

Balance Sheet - continued
31 December 2024


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 10 March 2025 and were signed by:





Miss Megan E Ramsay - Director


Megan Ramsay Ltd (Registered number: SC779140)

Notes to the Financial Statements
for the Period 15 August 2023 to 31 December 2024

1. STATUTORY INFORMATION

Megan Ramsay 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the period 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.


Megan Ramsay Ltd (Registered number: SC779140)

Notes to the Financial Statements - continued
for the Period 15 August 2023 to 31 December 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 1 .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 33,500 1,819 35,319
At 31 December 2024 33,500 1,819 35,319
DEPRECIATION
Charge for period 10,767 361 11,128
At 31 December 2024 10,767 361 11,128
NET BOOK VALUE
At 31 December 2024 22,733 1,458 24,191

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 6,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 16,459
Other creditors 73,961
90,420

Megan Ramsay Ltd (Registered number: SC779140)

Notes to the Financial Statements - continued
for the Period 15 August 2023 to 31 December 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50 Ordinary A £1 50
50 Ordinary B £1 50
100