Company No:
Contents
2024 | 2023 | |||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand |
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1,517,275 | 1,517,995 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 1,516,482 | 1,517,324 | ||
Total assets less current liabilities | 1,516,482 | 1,517,324 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 5 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of MARDC Limited (registered number:
Mr G P Morson BDS
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
MARDC Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Unit 2a The Paddock, Stirling Agricultural Centre, Stirling, FK9 4RN, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
In the application of the company's accounting polices, the directors are required to make judgements, estimated and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimated and assumptions are reviewed on an ongoing basis. Revisions to accounting estimated are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The company was a corporate partner in the partnership of Macdonald & Morson Dentalcare until 31 March 2014. Included in the debtors is £1,515,052 (2023: £1,515,052) which was the company's interest in the partnership of Macdonald & Morson Dentalcare.
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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£ | £ | ||
Amounts owed by directors |
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Corporation tax |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Accruals |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Other related party transactions
2024 | 2023 | ||
£ | £ | ||
Amounts owed by key management personnel. | 361 | 1,081 |
During the year - Amounts owed by key management personnel £181 (2023: £541)
During the year - Amounts owed by key management personnel £180 (2023: £540)