Company Registration No. SC719832 (Scotland)
Mind Forestry LTD
Unaudited accounts
for the year ended 31 January 2024
Mind Forestry LTD
Unaudited accounts
Contents
Mind Forestry LTD
Company Information
for the year ended 31 January 2024
Company Number
SC719832 (Scotland)
Registered Office
17 BRUCE AVENUE
DUNBLANE
FK15 9JB
SCOTLAND
Accountants
MQplus LTD
109a
Main Road
Romford
RM2 5EL
Mind Forestry LTD
Statement of financial position
as at 31 January 2024
Tangible assets
120,625
61,089
Cash at bank and in hand
220,255
90,488
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)
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
Mind Forestry LTD
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Charge for the year
11,860
477
12,337
At 31 January 2024
11,860
477
12,337
At 31 January 2024
118,714
1,911
120,625
At 31 January 2023
59,300
1,789
61,089
Amounts falling due within one year
Trade debtors
21,932
3,247
Mind Forestry LTD
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
35,770
6,382
Loans from directors
2,741
16,239
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
2,107
-
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Average number of employees
During the year the average number of employees was 0 (2023: 0).