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Company Registration No. SC677103 (Scotland)
MEYRICK TECHNOLOGY LTD Unaudited accounts for the year ended 31 October 2024
MEYRICK TECHNOLOGY LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MEYRICK TECHNOLOGY LTD Company Information for the year ended 31 October 2024
Directors
Meyrick Charles Harrison Monika Harrison
Company Number
SC677103 (Scotland)
Registered Office
3/2 21 MALTA TERRACE GLASGOW G5 0TN SCOTLAND
Accountants
TaxKings Ltd 4th Floor, 176 Bath Street Glasgow G2 4HG
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MEYRICK TECHNOLOGY LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,892 
318 
Current assets
Inventories
14,272 
44,418 
Cash at bank and in hand
165,193 
55,285 
179,465 
99,703 
Creditors: amounts falling due within one year
5
(52,592)
(41,184)
Net current assets
126,873 
58,519 
Total assets less current liabilities
128,765 
58,837 
Provisions for liabilities
Deferred tax
(326)
- 
Net assets
128,439 
58,837 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
128,438 
58,836 
Shareholders' funds
128,439 
58,837 
For the year ending 31 October 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by
Meyrick Charles Harrison Director Company Registration No. SC677103
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MEYRICK TECHNOLOGY LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
MEYRICK TECHNOLOGY LTD is a private company, limited by shares, registered in Scotland, registration number SC677103. The registered office is 3/2 21 MALTA TERRACE, GLASGOW, G5 0TN, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
4 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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MEYRICK TECHNOLOGY LTD Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
540 
Additions
2,279 
At 31 October 2024
2,819 
Depreciation
At 1 November 2023
222 
Charge for the year
705 
At 31 October 2024
927 
Net book value
At 31 October 2024
1,892 
At 31 October 2023
318 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
15,994 
10,911 
Taxes and social security
35,978 
15,623 
Loans from directors
620 
14,650 
52,592 
41,184 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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