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Company Registration No. SC400727 (Scotland)
M & D Structural Engineering Ltd. Unaudited accounts for the year ended 30 June 2023
M & D Structural Engineering Ltd. Unaudited accounts Contents
Page
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M & D Structural Engineering Ltd. Company Information for the year ended 30 June 2023
Directors
Mr Mark Whelband Mrs Debra Whelband
Company Number
SC400727 (Scotland)
Registered Office
Ulaw Farmhouse Ellon AB41 8NU Scotland
Accountants
Atmos Bookkeeping Ltd 32 Aconbury Close Worcester WR5 1JD
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M & D Structural Engineering Ltd. Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,208 
26,899 
Current assets
Debtors
229 
1,488 
Cash at bank and in hand
25,560 
33,700 
25,789 
35,188 
Creditors: amounts falling due within one year
(25,009)
(27,574)
Net current assets
780 
7,614 
Total assets less current liabilities
17,988 
34,513 
Creditors: amounts falling due after more than one year
(13,937)
(20,948)
Net assets
4,051 
13,565 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,951 
13,465 
Shareholders' funds
4,051 
13,565 
For the year ending 30 June 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 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 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 of Directors and authorised for issue on 14 January 2024 and were signed on its behalf by
Mr Mark Whelband Director Company Registration No. SC400727
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M & D Structural Engineering Ltd. Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
M & D Structural Engineering Ltd. is a private company, limited by shares, registered in Scotland, registration number SC400727. The registered office is Ulaw Farmhouse, Ellon, AB41 8NU, Scotland.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the provision of engineering construction and consultancy services is recognised in the period in which the services are provided.
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:
Plant & machinery
Mixture of 50%, 33% and 20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
33% straight line
Computer equipment
Mixture of 50% and 33% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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M & D Structural Engineering Ltd. Notes to the Accounts for the year ended 30 June 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments
Basic financial instruments, other than arrangements constituting certain financing transactions, are initially recognised at transaction price. Arrangements constituting financing transactions consisting of a loan to the company from a person who is within a director's group of close family members that contains at least one shareholder are also initially recognised at transaction price. All other arrangements constituting financing transactions are initially recognised at the present value of the future payments or receipts discounted at a market rate of interest. Basic financial instruments classified as payable or receivable after more than one year are subsequently measured at amortised cost using the effective interest method, whereas those classified as payable or receivable within one year are not amortised.
Going concern
The financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
2,028 
42,113 
279 
2,504 
46,924 
Additions
124 
- 
327 
125 
576 
At 30 June 2023
2,152 
42,113 
606 
2,629 
47,500 
Depreciation
At 1 July 2022
1,362 
16,845 
186 
1,632 
20,025 
Charge for the year
707 
8,423 
202 
935 
10,267 
At 30 June 2023
2,069 
25,268 
388 
2,567 
30,292 
Net book value
At 30 June 2023
83 
16,845 
218 
62 
17,208 
At 30 June 2022
666 
25,268 
93 
872 
26,899 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
229 
1,488 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,011 
6,838 
VAT
14 
1,667 
Taxes and social security
14,792 
16,026 
Other creditors
2,018 
753 
Loans from directors
1,174 
2,290 
25,009 
27,574 
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M & D Structural Engineering Ltd. Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,937 
20,948 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,200 (2022 - £7,200).
10
Transactions with related parties
Amounts due to related parties: At the reporting date, the total loans repayable to people with control, joint control or significant influence over the company amounted to £1,174 (2022: £2,290). This amount is interest-free, unsecured and repayable on demand.
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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