REGISTERED NUMBER: SC270496 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

MECANICO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Philp

F M Philp

REGISTERED OFFICE:

The Gables

Netherley Park

Stonehaven

Aberdeenshire

AB39 3QN

REGISTERED NUMBER:

SC270496 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Intangible assets

4

508

508

Tangible assets

5

28,233

26,258

28,741

26,766

CURRENT ASSETS

Debtors

6

21,665

51,140

Investments

7

181,800

181,800

Cash at bank

328,143

204,584

531,608

437,524

CREDITORS

Amounts falling due within one year

8

42,531

18,797

NET CURRENT ASSETS

489,077

418,727

TOTAL ASSETS LESS CURRENT LIABILITIES

517,818

445,493

PROVISIONS FOR LIABILITIES

9

1,146

973

NET ASSETS

516,672

444,520

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

516,572

444,420

SHAREHOLDERS' FUNDS

516,672

444,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

B Philp - Director

1.	STATUTORY INFORMATION

Mecanico Ltd 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.

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.

Website are being amortised evenly over their estimated useful life of nil 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

-

25% on reducing balance

Fixtures and fittings

-

33% on cost, 25% on reducing balance and 15% on cost

Computer equipment

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

508

NET BOOK VALUE

At 31 March 2025

508

At 31 March 2024

508

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

21,138

2,820

1,175

24,567

49,700

Additions

683

-

-

4,108

4,791

Disposals

-

-

-

(3,508

)

(3,508

)

At 31 March 2025

21,821

2,820

1,175

25,167

50,983

DEPRECIATION

At 1 April 2024

-

1,067

1,055

21,320

23,442

Charge for year

-

488

30

1,935

2,453

Eliminated on disposal

-

-

-

(3,145

)

(3,145

)

At 31 March 2025

-

1,555

1,085

20,110

22,750

NET BOOK VALUE

At 31 March 2025

21,821

1,265

90

5,057

28,233

At 31 March 2024

21,138

1,753

120

3,247

26,258

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,140

30,735

Other debtors

17,525

20,405

21,665

51,140

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

181,800

181,800

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

38,123

15,368

Other creditors

4,408

3,429

42,531

18,797

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

1,146

973

Deferred

tax

£

Balance at 1 April 2024

973

Movement in year

173

Balance at 31 March 2025

1,146

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £48,000 (2024 - £73,111) were paid to the directors .

The company was under the control of the directors, B Philp and F Philp, throughout the current and previous year.

During the year the director repaid the company net amounts totalling £2,149. As at 31 March 2025 included within other debtors is a balance outstanding due to the company of £9,627 (2024 - £11,776). No interest has been paid on this loan.