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REGISTERED NUMBER: SC735573 (Scotland)












Financial Statements for the Year Ended 31 May 2024

for

MMBIRDIE CONSULTANTS LTD

MMBIRDIE CONSULTANTS LTD (REGISTERED NUMBER: SC735573)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MMBIRDIE CONSULTANTS LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M M Marchbank
F S Marchbank





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC735573 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

MMBIRDIE CONSULTANTS LTD (REGISTERED NUMBER: SC735573)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,877 18,374

CURRENT ASSETS
Debtors 5 16,575 2,631
Cash at bank 20,286 23,419
36,861 26,050
CREDITORS
Amounts falling due within one year 6 41,609 31,325
NET CURRENT LIABILITIES (4,748 ) (5,275 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,129

13,099

CREDITORS
Amounts falling due after more than one
year

7

(4,650

)

(9,368

)

PROVISIONS FOR LIABILITIES (3,469 ) (3,728 )
NET ASSETS 1,010 3

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,008 1
SHAREHOLDERS' FUNDS 1,010 3

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

MMBIRDIE CONSULTANTS LTD (REGISTERED NUMBER: SC735573)

Balance Sheet - continued
31 May 2024


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





M M Marchbank - Director


MMBIRDIE CONSULTANTS LTD (REGISTERED NUMBER: SC735573)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

MMBirdie Consultants Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MMBIRDIE CONSULTANTS LTD (REGISTERED NUMBER: SC735573)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 23,501 997 24,498
DEPRECIATION
At 1 June 2023 5,875 249 6,124
Charge for year 4,310 187 4,497
At 31 May 2024 10,185 436 10,621
NET BOOK VALUE
At 31 May 2024 13,316 561 13,877
At 31 May 2023 17,626 748 18,374

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 23,501
DEPRECIATION
At 1 June 2023 5,875
Charge for year 4,310
At 31 May 2024 10,185
NET BOOK VALUE
At 31 May 2024 13,316
At 31 May 2023 17,626

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,422 -
Other debtors 153 2,631
16,575 2,631

MMBIRDIE CONSULTANTS LTD (REGISTERED NUMBER: SC735573)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,718 3,747
Taxation and social security 21,006 15,655
Other creditors 15,885 11,923
41,609 31,325

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 4,650 9,368

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £88,512 (2023 - £57,919) were paid to the directors .

The company was under control of the directors, FS Marchbank and MM Marchbank, throughout the current and previous year.

During the year the directors repaid the company £1,967 and further advanced £15,000. As at 31 May 2024 included within other creditors (debtors) is a balance outstanding due to the directors (company) of £15,000 (2023 - (£1,967)). No interest was paid on the funds advanced to/from the company. This is in line with HMRC guidelines.