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REGISTERED NUMBER: SC642710 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

MD Asset Finance Ltd

MD Asset Finance Ltd (Registered number: SC642710)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1


MD Asset Finance Ltd (Registered number: SC642710)

Balance Sheet
30 September 2023

30.9.23 30.9.22
£    £    £    £   
FIXED ASSETS 3,562 3,293

CURRENT ASSETS 50,779 47,837

CREDITORS
Amounts falling due within one year (36,883 ) (41,272 )
NET CURRENT ASSETS 13,896 6,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,458

9,858

CREDITORS
Amounts falling due after more than
one year

3,572

5,237
NET ASSETS 13,886 4,621

CAPITAL AND RESERVES 13,886 4,621

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

MD Asset Finance Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC642710

Registered office: 88 Cambuslang Road
Rutherglen
Glasgow
G73 1BQ

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2022 - 5 ) .

MD Asset Finance Ltd (Registered number: SC642710)

Balance Sheet - continued
30 September 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
M Duffy
Balance outstanding at start of year 12,394 (566 )
Amounts advanced - 12,960
Amounts repaid (12,394 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 12,394



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





M Duffy - Director