1 February 2023 false No description of principal activity Taxfiler 2024.5 SC618779business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC6187792023-01-31 SC6187792023-02-012024-01-31 SC618779business:AuditExemptWithAccountantsReport2023-02-012024-01-31 SC618779business:FilletedAccounts2023-02-012024-01-31 SC6187792024-01-31 SC618779business:Director12023-02-012024-01-31 SC618779business:Director22023-02-012024-01-31 SC618779business:RegisteredOffice2023-02-012024-01-31 SC6187792023-01-31 SC618779core:WithinOneYear2024-01-31 SC618779core:WithinOneYear2023-01-31 SC618779core:AfterOneYear2024-01-31 SC618779core:AfterOneYear2023-01-31 SC618779core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC618779core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC618779core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC618779core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC618779core:PreviouslyStatedAmount2024-01-31 SC618779core:PreviouslyStatedAmount2023-01-31 SC618779business:SmallEntities2023-02-012024-01-31 SC618779countries:Scotland2023-02-012024-01-31 SC618779core:MotorVehicles2023-02-012024-01-31 SC618779core:MotorVehicles2023-01-31 SC618779core:MotorVehicles2024-01-31 SC6187792022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC618779 (Scotland)
MKD Furnishings Ltd. Accounts for the year ended 31 January 2024
MKD Furnishings Ltd. Accounts Contents
Page
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MKD Furnishings Ltd. Company Information for the year ended 31 January 2024
Directors
Michelle O'Ryan Michael James O'Ryan
Company Number
SC618779 (Scotland)
Registered Office
42 Rae Street Stenhousemuir Larbert Stirlingshire FK5 4QP Scotland
Accountants
Norman Hewitt Falkirk Business Hub 45 Vicar Street FALKIRK Scotland FK1 1LL
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MKD Furnishings Ltd. Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,869 
7,826 
Current assets
Debtors
7,363 
7,758 
Cash at bank and in hand
3,497 
4,933 
10,860 
12,691 
Creditors: amounts falling due within one year
(8,384)
(9,656)
Net current assets
2,476 
3,035 
Total assets less current liabilities
8,345 
10,861 
Creditors: amounts falling due after more than one year
(8,125)
(10,584)
Net assets
220 
277 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
219 
276 
Shareholders' funds
220 
277 
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 directors acknowledge their 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 of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
Michelle O'Ryan Director Company Registration No. SC618779
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MKD Furnishings Ltd. Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
MKD Furnishings Ltd. is a private company, limited by shares, registered in Scotland, registration number SC618779. The registered office is 42 Rae Street, Stenhousemuir, Larbert, Stirlingshire, FK5 4QP, 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:
Motor vehicles
25% reducing balance basis
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2023
13,913 
At 31 January 2024
13,913 
Depreciation
At 1 February 2023
6,087 
Charge for the year
1,957 
At 31 January 2024
8,044 
Net book value
At 31 January 2024
5,869 
At 31 January 2023
7,826 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,363 
7,758 
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MKD Furnishings Ltd. Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
970 
373 
Obligations under finance leases and hire purchase contracts
2,058 
3,199 
Taxes and social security
1,296 
2,461 
Other creditors
4,060 
3,623 
8,384 
9,656 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,857 
3,653 
Obligations under finance leases and hire purchase contracts
5,268 
6,931 
8,125 
10,584 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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