MACSMITH TECHNOLOGY LIMITED


Directors	MACINTOSH-SMITH, Elizabeth Jane
	SMITH, Ian


Company Secretary	SMITH, Ian


Registered Address	6 Northrig Cottages
	Haddington
	EH41 4LE


Registered Number	SC625028 (Scotland)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		3,693		5,821
			3,693		5,821
Current assets
Debtors	4	31		49,490
Cash at bank and on hand		107,106		93,581
		107,137		143,071
Creditors amounts falling due within one year	5	(14,065)		(40,890)
Net current assets (liabilities)			93,072		102,181
Total assets less current liabilities			96,765		108,002
Net assets			96,765		108,002
Capital and reserves
Called up share capital			100		100
Profit and loss account			96,665		107,902
Shareholders' funds			96,765		108,002

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 6 January 2026, and are signed on its behalf by:

SMITH, Ian
Director
Registered Company No. SC625028

MACSMITH TECHNOLOGY LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

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.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	3.3
	Office Equipment	3.3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 May 24	25,066
	Additions	1,978
	At 30 April 25	27,044
	Depreciation and impairment
	At 01 May 24	19,246
	Charge for year	4,105
	At 30 April 25	23,350
	Net book value
	At 30 April 25	3,693
	At 30 April 24	5,821

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	31	49,490
Total	31	49,490

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	9,505	37,862
Other creditors	3,260	1,728
Accrued liabilities and deferred income	1,300	1,300
Total	14,065	40,890

6.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
SMITH, Ian	1,728	1,532	0	3,260
	1,728	1,532	0	3,260