| Registered Number:SC217938 |
For the year ended 30 April 2025
Scotland
Unaudited Financial Statements
For the year ended 30 April 2025
Mull Geophysical Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Mull Geophysical Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
-
146,104
2
309,464
-
3
-
455,568
308,306
| Cash and cash equivalents |
734,005
734,005
308,306
| Trade and other payables: amounts falling due within one |
| year |
(17,197)
(6,388)
4
291,109
727,617
Net current assets
| Total assets less current liabilities |
727,617
746,677
727,617
Net assets
746,677
1
1
727,616
746,676
727,617
746,677
Shareholders' funds
| For the year ended 30 April 2025 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 of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 27 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 April 2025
Mull Geophysical Limited
Notes to the Financial Statements
Statutory Information
| Mull Geophysical Limited is a private limited company, limited by shares, domiciled in Scotland, registration number |
| SC217938. |
1F1 Windsor Street
Edinburgh
Midlothian
EH7 5LA
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 30 April 2025
Mull Geophysical Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
163,644
1,362
16,952
145,330
(1,362)
(16,952)
(145,330)
(163,644)
-
-
-
-
| Provision for depreciation and impairment |
17,540
854
16,686
-
(17,540)
(854)
(16,686)
-
-
-
-
-
-
-
-
-
145,330
266
508
146,104
| 3. Investments held as fixed assets |
309,464
309,464
(309,464)
(309,464)
-
-
-
-
309,464
309,464
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
| Taxation and social security |
5,357
16,525
1,031
672
6,388
17,197
| Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
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For the year ended 30 April 2025
Mull Geophysical Limited
Notes to the Financial Statements Continued
| 5. Average number of persons employed |
During the year the average number of employees was 0
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