REGISTERED NUMBER: SC445846 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Middlemiss Embroidery Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I T Middlemiss

REGISTERED OFFICE:

Bankend Industrial Estate

Edinburgh Road

Jedburgh

TD8 6ED

REGISTERED NUMBER:

SC445846 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

396,870

326,623

396,870

326,623

CURRENT ASSETS

Stocks

20,000

20,000

Debtors

6

144,339

104,299

Cash at bank

154,043

134,936

318,382

259,235

CREDITORS

Amounts falling due within one year

7

231,389

154,530

NET CURRENT ASSETS

86,993

104,705

TOTAL ASSETS LESS CURRENT LIABILITIES

483,863

431,328

CREDITORS

Amounts falling due after more than one year

8

(83,353

)

(107,621

)

PROVISIONS FOR LIABILITIES

(43,500

)

(26,401

)

NET ASSETS

357,010

297,306

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

357,007

297,303

357,010

297,306

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 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 26 November 2025 and were signed by:

I T Middlemiss - Director

1.	STATUTORY INFORMATION

Middlemiss Embroidery 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

227,112

AMORTISATION

At 1 April 2024

and 31 March 2025

227,112

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

216,618

144,703

12,151

7,140

380,612

Additions

-

85,750

-

-

85,750

At 31 March 2025

216,618

230,453

12,151

7,140

466,362

DEPRECIATION

At 1 April 2024

-

37,112

9,737

7,140

53,989

Charge for year

-

15,140

363

-

15,503

At 31 March 2025

-

52,252

10,100

7,140

69,492

NET BOOK VALUE

At 31 March 2025

216,618

178,201

2,051

-

396,870

At 31 March 2024

216,618

107,591

2,414

-

326,623

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

86,631

104,299

Other debtors

25,725

-

Directors' current accounts

21,213

-

VAT

7,586

-

Prepayments

3,184

-

144,339

104,299

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

29,466

27,706

Other loans

3,781

5,789

Trade creditors

116,740

7,538

Tax

7,170

37,822

Social security and other taxes

30,990

23,636

VAT

-

16,323

Other creditors

36,384

25,965

Directors' current accounts

-

1,363

Accrued expenses

6,858

8,388

231,389

154,530

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

70,464

92,810

Other loans - 1-2 years

12,889

14,811

83,353

107,621