Company registration number: SC518201
Annual report and unaudited financial statements
for the year ended 31 October 2025
for
MEP Technologies Ltd
Pages for filing with the Registrar
Company registration number: SC518201
MEP Technologies Ltd
Balance sheet
as at 31 October 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 99,619 112,533
99,619 112,533
Current assets
Stocks 261,475 394,452
Debtors 5 246,734 102,836
Cash at bank and in hand 45,849 49,488
554,058 546,776
Creditors: amounts falling due within one year
6 (264,529) (261,476)
Net current assets 289,529 285,300
Total assets less current liabilities 389,148 397,833
Creditors: Amounts falling due after more than one year
7 (494,876) (505,550)
NET LIABILITIES (105,728) (107,717)
Capital and reserves
Called up share capital 12 12
Profit and loss account (105,740) (107,729)
TOTAL EQUITY (105,728) (107,717)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC518201
MEP Technologies Ltd
Balance sheet - continued
as at 31 October 2025
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 and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 13 July 2026 and signed on its behalf by:
Mr S Morrison, Director
13 July 2026
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MEP Technologies Ltd
Notes to the financial statements
for the year ended 31 October 2025
1 Company information
MEP Technologies Ltd is a private company registered in Scotland. Its registered number is SC518201. The company is limited by shares. Its registered office is 44 Harefield Avenue, Dundee, DD3 6AW.
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 historic cost convention.
Presentation currency
The company’s financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Land and buildings - No Depreciation is provided on Tenants Improvements
Plant and machinery etc.:
Plant and Equipment - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
MEP Technologies Ltd
Notes to the financial statements - continued
for the year ended 31 October 2025
2 Accounting policies - continued
Financial instruments
Financial Instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial Assets classified as receivable within one year are not amortised. Financial assets are derecognised only when contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and subsequently all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities, including trade and other creditors, bank loans and other loans, are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial assets and liabilities are derecognised when the contractual rights to the cash flows from the asset expire or are settled and when the company’s contractual obligations expire or are discharged or cancelled.












Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 17 (2024 - 17).
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MEP Technologies Ltd
Notes to the financial statements - continued
for the year ended 31 October 2025
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 November 2024 26,436 166,655 193,091
At 31 October 2025 26,436 166,655 193,091
Depreciation
At 1 November 2024 - 80,558 80,558
Charge for year - 12,914 12,914
At 31 October 2025 - 93,472 93,472
Net book value
At 31 October 2025 26,436 73,183 99,619
At 31 October 2024 26,436 86,097 112,533
If Land and buildings had not been revalued, it would have been included at the following historical cost:
2025 2024
£ £
Cost 26,436 26,436
Accumulated depreciation - -
5 Debtors
2025 2024
£ £
Trade debtors 246,734 96,845
Taxation - 5,991
246,734 102,836
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MEP Technologies Ltd
Notes to the financial statements - continued
for the year ended 31 October 2025
6 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 10,505 10,247
Trade creditors 127,017 66,628
Other creditors 63,886 121,455
VAT payable 6,481 -
Social security and other tax 54,274 60,782
Accruals and deferred income 2,366 2,364
264,529 261,476
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans - 10,505
Amounts owed to directors 419,265 416,644
Other creditors 75,611 78,401
494,876 505,550
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