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REGISTERED NUMBER: SC336086 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Mailing & Data Solutions Limited

Mailing & Data Solutions Limited (Registered number: SC336086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Mailing & Data Solutions Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R Q Howie





SECRETARY: R Q Howie





REGISTERED OFFICE: C/o Burgoyne Carey
Pavilion 2
3 Dava Street
Glasgow
G51 2JA





REGISTERED NUMBER: SC336086 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Mailing & Data Solutions Limited (Registered number: SC336086)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 47,016 58,764
Tangible assets 5 375,461 133,663
Investments 6 14,246 14,246
436,723 206,673

CURRENT ASSETS
Debtors 7 1,012,550 1,255,250
Cash at bank 287,428 363,644
1,299,978 1,618,894
CREDITORS
Amounts falling due within one year 8 104,396 129,403
NET CURRENT ASSETS 1,195,582 1,489,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,632,305

1,696,164

CREDITORS
Amounts falling due after more than one
year

9

-

(40,469

)

PROVISIONS FOR LIABILITIES (3,731 ) (2,402 )
NET ASSETS 1,628,574 1,653,293

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 1,627,674 1,652,393
SHAREHOLDERS' FUNDS 1,628,574 1,653,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mailing & Data Solutions Limited (Registered number: SC336086)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





R Q Howie - Director


Mailing & Data Solutions Limited (Registered number: SC336086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Mailing & Data Solutions Limited 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Mailing & Data Solutions Limited (Registered number: SC336086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 235,000
AMORTISATION
At 1 January 2023 176,236
Amortisation for year 11,748
At 31 December 2023 187,984
NET BOOK VALUE
At 31 December 2023 47,016
At 31 December 2022 58,764

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 - 119,930 75,980
Additions 235,000 - -
At 31 December 2023 235,000 119,930 75,980
DEPRECIATION
At 1 January 2023 - - 74,638
Charge for year - - 819
At 31 December 2023 - - 75,457
NET BOOK VALUE
At 31 December 2023 235,000 119,930 523
At 31 December 2022 - 119,930 1,342

Mailing & Data Solutions Limited (Registered number: SC336086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 135,654 94,049 425,613
Additions 13,976 - 248,976
At 31 December 2023 149,630 94,049 674,589
DEPRECIATION
At 1 January 2023 126,924 90,388 291,950
Charge for year 4,280 2,079 7,178
At 31 December 2023 131,204 92,467 299,128
NET BOOK VALUE
At 31 December 2023 18,426 1,582 375,461
At 31 December 2022 8,730 3,661 133,663

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Artwork investment 14,246 14,246

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 127,939 139,963
Other debtors 883,001 1,113,159
Other Debtors - 150
Prepayments 1,610 1,978
1,012,550 1,255,250

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 40,073 64,851
Credit Cards 390 98
Tax 34,074 41,853
Social security and other taxes 2,453 6,975
Pensions 499 499
VAT 6,208 1,350
Directors' loan accounts 180 59
Accrued expenses 20,519 13,718
104,396 129,403

Mailing & Data Solutions Limited (Registered number: SC336086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Payments on account - 40,469

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
R Q Howie
Balance outstanding at start of year (59 ) (717 )
Amounts advanced 133,879 100,658
Amounts repaid (134,000 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (180 ) (59 )