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REGISTERED NUMBER: SC606016 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MST GLASGOW LTD

MST GLASGOW LTD (REGISTERED NUMBER: SC606016)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


MST GLASGOW LTD (REGISTERED NUMBER: SC606016)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 16,521 22,029

CURRENT ASSETS
Stocks 5 7,987 7,987
Debtors 6 8,535 53,984
Cash at bank 1,060 4,573
17,582 66,544
CREDITORS
Amounts falling due within one year 7 55,684 81,375
NET CURRENT LIABILITIES (38,102 ) (14,831 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,581

)

7,198

PROVISIONS FOR LIABILITIES 3,139 -
NET (LIABILITIES)/ASSETS (24,720 ) 7,198

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (24,722 ) 7,196
(24,720 ) 7,198

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

MST GLASGOW LTD (REGISTERED NUMBER: SC606016)

BALANCE SHEET - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





M C J Sinclair - Director


MST GLASGOW LTD (REGISTERED NUMBER: SC606016)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

MST Glasgow Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC606016

Registered office: 22 Backbrae Street
Kilsyth
Lanarkshire
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


MST GLASGOW LTD (REGISTERED NUMBER: SC606016)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 18,600 51,796 70,396
DEPRECIATION
At 1 September 2023 12,960 35,407 48,367
Charge for year 1,410 4,098 5,508
At 31 August 2024 14,370 39,505 53,875
NET BOOK VALUE
At 31 August 2024 4,230 12,291 16,521
At 31 August 2023 5,640 16,389 22,029

5. STOCKS
31.8.24 31.8.23
£    £   
Work-in-progress 7,987 7,987

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 8,535 53,984

MST GLASGOW LTD (REGISTERED NUMBER: SC606016)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 1 1
Social security and other taxes (22 ) (2,000 )
VAT 18,673 28,777
Other creditors 27,227 40,418
Accrued expenses 9,805 14,179
55,684 81,375