IRIS Accounts Production v23.3.0.418 SC621746 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC6217462022-02-28SC6217462023-02-28SC6217462022-03-012023-02-28SC6217462021-02-28SC6217462021-03-012022-02-28SC6217462022-02-28SC621746ns16:Scotland2022-03-012023-02-28SC621746ns15:PoundSterling2022-03-012023-02-28SC621746ns11:Director12022-03-012023-02-28SC621746ns11:PrivateLimitedCompanyLtd2022-03-012023-02-28SC621746ns11:SmallEntities2022-03-012023-02-28SC621746ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC621746ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-28SC621746ns11:FullAccounts2022-03-012023-02-28SC621746ns11:Director22022-03-012023-02-28SC621746ns11:RegisteredOffice2022-03-012023-02-28SC621746ns6:CurrentFinancialInstruments2023-02-28SC621746ns6:CurrentFinancialInstruments2022-02-28SC621746ns6:ShareCapital2023-02-28SC621746ns6:ShareCapital2022-02-28SC621746ns6:RetainedEarningsAccumulatedLosses2023-02-28SC621746ns6:RetainedEarningsAccumulatedLosses2022-02-28SC621746ns6:PlantMachinery2022-03-012023-02-28SC621746ns6:PlantMachinery2022-02-28SC621746ns6:PlantMachinery2023-02-28SC621746ns6:PlantMachinery2022-02-28SC621746ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-28SC621746ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: SC621746 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MACDUFF MEDICAL LTD

MACDUFF MEDICAL LTD (REGISTERED NUMBER: SC621746)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACDUFF MEDICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Dr R MacDuff
Dr E M MacDuff





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC621746 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

MACDUFF MEDICAL LTD (REGISTERED NUMBER: SC621746)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,835 443

CURRENT ASSETS
Debtors 5 10,751 12,161
Cash at bank 192,579 168,159
203,330 180,320
CREDITORS
Amounts falling due within one year 6 37,949 33,312
NET CURRENT ASSETS 165,381 147,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,216

147,451

PROVISIONS FOR LIABILITIES 539 84
NET ASSETS 167,677 147,367

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 167,675 147,365
167,677 147,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MACDUFF MEDICAL LTD (REGISTERED NUMBER: SC621746)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Dr R MacDuff - Director


MACDUFF MEDICAL LTD (REGISTERED NUMBER: SC621746)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

MacDuff Medical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on a straight line basis and 25% on a reducing balance basis

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MACDUFF MEDICAL LTD (REGISTERED NUMBER: SC621746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 2,342
Additions 4,064
At 28 February 2023 6,406
DEPRECIATION
At 1 March 2022 1,899
Charge for year 1,672
At 28 February 2023 3,571
NET BOOK VALUE
At 28 February 2023 2,835
At 28 February 2022 443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,751 12,161

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 9,887 12,303
Other creditors 28,062 21,009
37,949 33,312