MACBEAN TECHNOLOGY LIMITED


Directors	A W G MacBean
	L MacBean


Registered Address	6 Carronhall Drive
	Uddingston
	Glasgow
	G71 7WP


Registered Number	SC377292 (Scotland)

Balance Sheet as at
31 March 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		4,855		5,259
			4,855		5,259
Current assets
Debtors	4	90,244		74,960
Cash at bank and on hand		7,147		8,277
		97,391		83,237
Creditors amounts falling due within one year	5	(81,728)		(69,681)
Net current assets (liabilities)			15,663		13,556
Total assets less current liabilities			20,518		18,815
Provisions for liabilities			(1,214)		(1,315)
Net assets			19,304		17,500
Capital and reserves
Called up share capital			2		2
Profit and loss account			19,302		17,498
Shareholders' funds			19,304		17,500

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 December 2025, and are signed on its behalf by:

A W G MacBean
Director
Registered Company No. SC377292

MACBEAN TECHNOLOGY LIMITED

Notes to the Financial Statements
for the year ended 31 March 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised from the company's principal activity being computer and IT consultancy.

	Current taxation
	Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Office equipment - 25% on reducing balance Computer equipment - 25% on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Tangible fixed assets and depreciation

Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment                                                            - 25% on reducing balance
Computer equipment                                                     - 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately within current liabilities.

	Financial instruments
	The company only enters into basic financial instruments that result in the recognition of financial assets like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 23	16,453	16,453
Additions	1,729	1,729
Disposals	(3,700)	(3,700)
At 31 March 24	14,482	14,482
Depreciation and impairment
At 01 April 23	11,194	11,194
Charge for year	1,313	1,313
On disposals	(2,880)	(2,880)
At 31 March 24	9,627	9,627
Net book value
At 31 March 24	4,855	4,855
At 31 March 23	5,259	5,259

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	15,444	18,216
Other debtors	73,522	56,116
Prepayments and accrued income	1,278	628
Total	90,244	74,960

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	12,213	10,406
Taxation and social security	65,834	57,419
Accrued liabilities and deferred income	3,681	1,856
Total	81,728	69,681

6.	Other commitments
	At the reporting end date the company had outstanding commitments for future minimum lease payments under operating leases as follows:- Within one year - £0 (2023 - £6,639)

7.	Directors advances, credits and guarantees
	During the year there were advances to the director, A W G MacBean, of £13,014. The balance due to the director at the year end was £54,422 (2023 - £41,408).