| Registered Number:SC518201 |
For the year ended 31 October 2024
Scotland
Unaudited Financial Statements
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
MEP Technologies Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
112,533
127,727
2
112,533
127,727
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
12
10
(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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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. |
44 Harefield Avenue
Dundee
DD3 6AW
| The presentation currency is £ sterling. |
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
| 2. Property, plant and equipment |
Equipment
Land and Buildings
193,091
166,655
26,436
26,436
166,655
193,091
| Provision for depreciation and impairment |
65,364
65,364
-
Charge for year
15,194
15,194
-
80,558
80,558
-
26,436
86,097
112,533
26,436
101,291
127,727
2023
2024
394,452
274,286
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For the year ended 31 October 2024
MEP Technologies Ltd
Notes to the Financial Statements Continued
| 4. Trade and other receivables |
2023
2024
96,845
125,767
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
66,628
14,286
| Taxation and social security |
60,782
31,452
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
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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