REGISTERED NUMBER: SC394074 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

M P GREIG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Greig

REGISTERED OFFICE:

5 Carden Place

Aberdeen

AB10 1UT

REGISTERED NUMBER:

SC394074 (Scotland)

FIXED ASSETS

Intangible assets

4

447

1,127

Tangible assets

5

27,374

22,216

27,821

23,343

CURRENT ASSETS

Debtors

6

142,286

165,674

Cash at bank

1,637

5,970

143,923

171,644

CREDITORS

Amounts falling due within one year

7

55,134

28,989

NET CURRENT ASSETS

88,789

142,655

TOTAL ASSETS LESS CURRENT LIABILITIES

116,610

165,998

CREDITORS

Amounts falling due after more than one year

8

(13,388

)

(10,667

)

PROVISIONS FOR LIABILITIES

(5,201

)

(4,221

)

NET ASSETS

98,021

151,110

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

98,020

151,109

SHAREHOLDERS' FUNDS

98,021

151,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 8 August 2025 and were signed by:

M Greig - Director

1.	STATUTORY INFORMATION

M P Greig Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Franchise

Franchises are valued at costs less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 5 years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 March 2024

6,000

5,000

11,000

Disposals

-

(1,000

)

(1,000

)

At 28 February 2025

6,000

4,000

10,000

AMORTISATION

At 1 March 2024

5,200

4,673

9,873

Charge for year

400

280

680

Eliminated on disposal

-

(1,000

)

(1,000

)

At 28 February 2025

5,600

3,953

9,553

NET BOOK VALUE

At 28 February 2025

400

47

447

At 29 February 2024

800

327

1,127

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

75,698

Additions

29,635

Disposals

(36,270

)

At 28 February 2025

69,063

DEPRECIATION

At 1 March 2024

53,482

Charge for year

9,547

Eliminated on disposal

(21,340

)

At 28 February 2025

41,689

NET BOOK VALUE

At 28 February 2025

27,374

At 29 February 2024

22,216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,077

11,165

Other debtors

128,209

154,509

142,286

165,674

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

4,814

467

Trade creditors

-

1,848

Taxation and social security

6,776

11,309

Other creditors

43,544

15,365

55,134

28,989

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

10,745

-

Other creditors

2,643

10,667

13,388

10,667

9.	ULTIMATE CONTROLLING PARTY