1 March 2022 false No description of principal activity Taxfiler 2023.10.1 SC587792business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC5877922022-02-28 SC5877922022-03-012023-02-28 SC587792business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 SC587792business:FilletedAccounts2022-03-012023-02-28 SC5877922023-02-28 SC5877922022-02-28 SC587792core:WithinOneYear2023-02-28 SC587792core:WithinOneYear2022-02-28 SC587792core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC587792core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC587792core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC587792core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC587792core:PreviouslyStatedAmount2023-02-28 SC587792core:PreviouslyStatedAmount2022-02-28 SC587792business:SmallEntities2022-03-012023-02-28 SC587792business:Director12022-03-012023-02-28 SC587792countries:Scotland2022-03-012023-02-28 SC587792business:RegisteredOffice2022-03-012023-02-28 SC587792core:PlantMachinery2022-02-28 SC587792core:MotorVehicles2022-02-28 SC587792core:PlantMachinery2022-03-012023-02-28 SC587792core:MotorVehicles2022-03-012023-02-28 SC587792core:PlantMachinery2023-02-28 SC587792core:MotorVehicles2023-02-28 SC5877922021-03-012022-02-28 iso4217:GBP xbrli:pure
Maulscastle Farm Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,659 
20,996 
Current assets
Inventories
131,700 
135,600 
Debtors
14,607 
4,750 
Cash at bank and in hand
149,184 
153,442 
295,491 
293,792 
Creditors: amounts falling due within one year
(184,233)
(205,402)
Net current assets
111,258 
88,390 
Net assets
128,917 
109,386 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
128,817 
109,286 
Shareholders' funds
128,917 
109,386 
For the year ending 28 February 2023 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 director acknowledges his 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 and authorised for issue on 16 November 2023 and were signed on its behalf by
Kevin Watret Director Company Registration No. SC587792
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Maulscastle Farm Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Maulscastle Farm Limited is a private company, limited by shares, registered in Scotland, registration number SC587792. The registered office is 25 NORTHFIELD PARK, ANNAN, DG12 5EZ, UNITED KINGDOM.
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.
3
Accounting policies
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
11,995 
16,000 
27,995 
Additions
2,550 
- 
2,550 
At 28 February 2023
14,545 
16,000 
30,545 
Depreciation
At 1 March 2022
2,999 
4,000 
6,999 
Charge for the year
2,887 
3,000 
5,887 
At 28 February 2023
5,886 
7,000 
12,886 
Net book value
At 28 February 2023
8,659 
9,000 
17,659 
At 28 February 2022
8,996 
12,000 
20,996 
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Maulscastle Farm Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
14,607 
4,750 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
5,997 
Trade creditors
41,615 
35,442 
Taxes and social security
5,185 
19,865 
Loans from directors
135,776 
139,876 
Accruals
1,657 
4,222 
184,233 
205,402 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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