2023-11-01 SC518201 2024-10-31 SC518201 2023-11-01 2024-10-31 SC518201 2023-10-31 SC518201 2022-11-01 2023-10-31 SC518201 uk-core:WithinOneYear 2023-10-31 SC518201 uk-core:WithinOneYear 2024-10-31 SC518201 uk-core:AfterOneYear 2023-10-31 SC518201 uk-core:AfterOneYear 2024-10-31 SC518201 uk-core:ShareCapital 2024-10-31 SC518201 uk-core:ShareCapital 2023-10-31 SC518201 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC518201 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC518201 uk-bus:Director1 2023-11-01 2024-10-31 SC518201 uk-core:PlantMachinery 2023-11-01 2024-10-31 SC518201 uk-core:PlantMachinery 2023-10-31 SC518201 uk-core:LandBuildings 2023-10-31 SC518201 uk-core:LandBuildings 2024-10-31 SC518201 uk-core:PlantMachinery 2024-10-31 SC518201 uk-core:LandBuildings 2023-11-01 2024-10-31 SC518201 uk-core:WithinOneYear uk-core:Secured 2024-10-31 SC518201 uk-core:WithinOneYear uk-core:Secured 2023-10-31 iso4217:GBP xbrli:pure SC518201 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC518201 uk-bus:FRS102 2023-11-01 2024-10-31 SC518201 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 SC518201 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
MEP Technologies Ltd
Registered Number:SC518201
For the year ended 31 October 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 October 2024
MEP Technologies Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC518201
As at 31 October 2024
MEP Technologies Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
112,533
127,727
2
112,533
127,727
Current assets
Inventories
274,286
394,452
3
Trade and other receivables
147,317
102,836
4
11,166
Cash and cash equivalents
49,488
546,776
432,769
Trade and other payables: amounts falling due within one year
(217,460)
(261,476)
5
215,309
285,300
Net current assets
Total assets less current liabilities
397,833
343,036
Trade and other payables: amounts falling due after more than one year
(319,817)
(505,550)
6
(107,717)
Net assets/liabilities
23,219
Capital and reserves
Called up share capital
12
10
Retained earnings
(107,729)
23,209
(107,717)
23,219
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
Mr Stuart Morrison Director
These financial statements were approved and authorised for issue by the Board on 05 June 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
MEP Technologies Ltd
Notes to the Financial Statements
Statutory Information
MEP Technologies Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC518201.
Registered address:
44 Harefield Avenue
Dundee
DD3 6AW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Property, plant and equipment
Property, plant and equipment, 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:
Equipment
15% Reducing balance
2. Property, plant and equipment
Total
Equipment
Land and Buildings
£
£
£
Cost or valuation
At 01 November 2023
193,091
166,655
26,436
At 31 October 2024
26,436
166,655
193,091
Provision for depreciation and impairment
At 01 November 2023
65,364
65,364
-
Charge for year
15,194
15,194
-
At 31 October 2024
80,558
80,558
-
At 31 October 2024
Net book value
26,436
86,097
112,533
At 31 October 2023
26,436
101,291
127,727
3. Inventories
2023
2024
£
£
Stocks
394,452
274,286
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5
For the year ended 31 October 2024
MEP Technologies Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
96,845
125,767
Other debtors
5,991
21,550
147,317
102,836
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
10,247
9,768
Trade creditors
66,628
14,286
Taxation and social security
60,782
31,452
Other creditors
123,819
161,954
261,476
217,460
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
10,505
20,155
Other creditors
495,045
299,662
505,550
319,817
7. Average number of persons employed
During the year the average number of employees was 17 (2023 : 17)
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