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REGISTERED NUMBER: SC040822 (Scotland)















Financial Statements for the Year Ended 31 August 2023

for

M. & D. Furnishers Limited

M. & D. Furnishers Limited (Registered number: SC040822)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M. & D. Furnishers Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: D Vincent





REGISTERED OFFICE: 37 Angusfield Avenue
Aberdeen
AB15 6AR





REGISTERED NUMBER: SC040822 (Scotland)





ACCOUNTANTS: J M Taylor
5 Rubislaw Terrace
ABERDEEN
AB10 1XE

M. & D. Furnishers Limited (Registered number: SC040822)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 250,000 250,000

CURRENT ASSETS
Debtors 5 7,492 7,800
Cash at bank 43,062 52,436
50,554 60,236
CREDITORS
Amounts falling due within one year 6 6,596 10,057
NET CURRENT ASSETS 43,958 50,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,958

300,179

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Fair Value Reserve 7 238,996 238,996
Retained earnings 39,962 46,183
SHAREHOLDERS' FUNDS 293,958 300,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 January 2024 and were signed by:





D Vincent - Director


M. & D. Furnishers Limited (Registered number: SC040822)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

M. & D. Furnishers Limited 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 September 2022
and 31 August 2023 250,000
NET BOOK VALUE
At 31 August 2023 250,000
At 31 August 2022 250,000

M. & D. Furnishers Limited (Registered number: SC040822)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2023 is represented by:

Land and
buildings
£   
Valuation in 2000 268,996
Valuation in 2005 45,000
Valuation in 2019 (75,000 )
Cost 11,004
250,000

The Investment Property was valued on an open market basis on 31 August 2019 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 7,492 7,134
Other debtors - 666
7,492 7,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 5,578 5,689
Other creditors 1,018 4,368
6,596 10,057

7. RESERVES
Fair
Value
Reserve
£   
At 1 September 2022
and 31 August 2023 238,996

8. ULTIMATE CONTROLLING PARTY

The controlling party is D Vincent.