Company Registration No. SC425767 (Scotland)
Museum Context Limited
Unaudited accounts
for the year ended 31 March 2025
Museum Context Limited
Unaudited accounts
Contents
Museum Context Limited
Company Information
for the year ended 31 March 2025
Directors
Andrew Alexander McRae
Alice McRae
Company Number
SC425767 (Scotland)
Registered Office
40 Victoria Street
Edinburgh
EH1 2JW
Scotland
Accountants
Braes Accountancy Limited
Ironworks Business Centre
Castlelaurie Industrial Estate
Falkirk
Stirlingshire
FK2 7XE
Museum Context Limited
Statement of financial position
as at 31 March 2025
Tangible assets
10,545
58,215
Cash at bank and in hand
428,751
456,441
Creditors: amounts falling due within one year
(271,796)
(242,806)
Net current assets
449,708
422,877
Total assets less current liabilities
460,253
481,092
Creditors: amounts falling due after more than one year
(42,295)
(87,860)
Net assets
417,958
393,232
Called up share capital
300,000
300,000
Profit and loss account
117,958
93,232
Shareholders' funds
417,958
393,232
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
Andrew Alexander McRae
Director
Company Registration No. SC425767
Museum Context Limited
Notes to the Accounts
for the year ended 31 March 2025
Museum Context Limited is a private company, limited by shares, registered in Scotland, registration number SC425767. The registered office is 40 Victoria Street, Edinburgh, EH1 2JW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
35% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Computer equipment
33% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Museum Context Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
13,955
68,500
19,744
6,068
108,267
Disposals
-
(68,500)
-
-
(68,500)
At 31 March 2025
13,955
-
19,744
6,068
39,767
At 1 April 2024
9,563
23,034
15,428
2,027
50,052
Charge for the year
439
-
432
1,333
2,204
On disposals
-
(23,034)
-
-
(23,034)
At 31 March 2025
10,002
-
15,860
3,360
29,222
At 31 March 2025
3,953
-
3,884
2,708
10,545
At 31 March 2024
4,392
45,466
4,316
4,041
58,215
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
82,837
70,800
Accrued income and prepayments
1,503
1,503
Other debtors
149,310
52,778
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
5,000
Amounts owed to group undertakings and other participating interests
4,871
17,263
Taxes and social security
10,267
1,667
Other creditors
230,000
160,000
Loans from directors
(27,676)
1,820
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).