1 February 2023 false No description of principal activity Taxfiler 2024.1 SC719832business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC7198322023-01-31 SC7198322023-02-012024-01-31 SC719832business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 SC719832business:FilletedAccounts2023-02-012024-01-31 SC7198322024-01-31 SC719832business:Director12023-02-012024-01-31 SC719832business:RegisteredOffice2023-02-012024-01-31 SC7198322023-01-31 SC719832core:WithinOneYear2024-01-31 SC719832core:WithinOneYear2023-01-31 SC719832core:AfterOneYear2024-01-31 SC719832core:AfterOneYear2023-01-31 SC719832core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC719832core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC719832core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC719832core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC719832core:PreviouslyStatedAmount2024-01-31 SC719832core:PreviouslyStatedAmount2023-01-31 SC719832business:SmallEntities2023-02-012024-01-31 SC719832countries:Scotland2023-02-012024-01-31 SC719832core:PlantMachinery2023-01-31 SC719832core:ComputerEquipment2023-01-31 SC719832core:PlantMachinery2023-02-012024-01-31 SC719832core:ComputerEquipment2023-02-012024-01-31 SC719832core:PlantMachinery2024-01-31 SC719832core:ComputerEquipment2024-01-31 SC7198322022-01-142023-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC719832 (Scotland)
Mind Forestry LTD Unaudited accounts for the year ended 31 January 2024
Mind Forestry LTD Unaudited accounts Contents
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Mind Forestry LTD Company Information for the year ended 31 January 2024
Director
Modestas Trunce
Company Number
SC719832 (Scotland)
Registered Office
17 BRUCE AVENUE DUNBLANE FK15 9JB SCOTLAND
Accountants
MQplus LTD 109a Main Road Romford RM2 5EL
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Mind Forestry LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
120,625 
61,089 
Current assets
Debtors
33,295 
3,247 
Cash at bank and in hand
220,255 
90,488 
253,550 
93,735 
Creditors: amounts falling due within one year
(80,841)
(50,327)
Net current assets
172,709 
43,408 
Total assets less current liabilities
293,334 
104,497 
Creditors: amounts falling due after more than one year
(34,207)
(22,987)
Net assets
259,127 
81,510 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
259,027 
81,410 
Shareholders' funds
259,127 
81,510 
For the year ending 31 January 2024 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 6 March 2024 and were signed on its behalf by
Modestas Trunce Director Company Registration No. SC719832
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Mind Forestry LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Mind Forestry LTD is a private company, limited by shares, registered in Scotland, registration number SC719832. The registered office is 17 BRUCE AVENUE, DUNBLANE, FK15 9JB, 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 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 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
59,300 
1,789 
61,089 
Additions
71,274 
599 
71,873 
At 31 January 2024
130,574 
2,388 
132,962 
Depreciation
Charge for the year
11,860 
477 
12,337 
At 31 January 2024
11,860 
477 
12,337 
Net book value
At 31 January 2024
118,714 
1,911 
120,625 
At 31 January 2023
59,300 
1,789 
61,089 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,363 
- 
Trade debtors
21,932 
3,247 
33,295 
3,247 
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Mind Forestry LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
42,330 
14,206 
Trade creditors
- 
13,500 
Taxes and social security
35,770 
6,382 
Loans from directors
2,741 
16,239 
80,841 
50,327 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,061 
22,987 
Other creditors
39 
- 
Taxes and social security
2,107 
- 
34,207 
22,987 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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