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REGISTERED NUMBER: SC157423 (Scotland)















Financial Statements for the Year Ended 30 April 2024

for

MSD Design Limited

MSD Design Limited (Registered number: SC157423)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MSD Design Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M W Stevenson





SECRETARY: Shepherd & Wedderburn Secretaries Ltd





REGISTERED OFFICE: Unit 1, Logman Centre
Greenbank Crescent
East Tullos
Aberdeen
AB12 3BG





REGISTERED NUMBER: SC157423 (Scotland)





ACCOUNTANTS: J M Taylor
5 Rubislaw Terrace
ABERDEEN
AB10 1XE

MSD Design Limited (Registered number: SC157423)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,217 16,567

CURRENT ASSETS
Stocks 68,524 197,439
Debtors 5 1,368,341 834,461
Cash at bank and in hand 9,777 11,565
1,446,642 1,043,465
CREDITORS
Amounts falling due within one year 6 764,033 644,325
NET CURRENT ASSETS 682,609 399,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,826

415,707

CREDITORS
Amounts falling due after more than one year 7 45,389 68,344
NET ASSETS 646,437 347,363

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 12,992 12,992
Retained earnings 633,345 334,271
SHAREHOLDERS' FUNDS 646,437 347,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

MSD Design Limited (Registered number: SC157423)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





M W Stevenson - Director


MSD Design Limited (Registered number: SC157423)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

MSD Design 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 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.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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
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.

MSD Design Limited (Registered number: SC157423)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 49,524 686,917 736,441
DEPRECIATION
At 1 May 2023 49,524 670,350 719,874
Charge for year - 7,350 7,350
At 30 April 2024 49,524 677,700 727,224
NET BOOK VALUE
At 30 April 2024 - 9,217 9,217
At 30 April 2023 - 16,567 16,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 224,817 48,729
Other debtors 1,143,524 785,732
1,368,341 834,461

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 18,545 17,785
Hire purchase contracts 5,253 5,253
Trade creditors 398,630 436,900
Taxation and social security 109,724 164,599
Other creditors 231,881 19,788
764,033 644,325

The company has an overdraft facility that is secured by a bond and floating charge over the company assets, registered on 25th October 1999.

MSD Design Limited (Registered number: SC157423)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 44,028 61,730
Hire purchase contracts 1,361 6,614
45,389 68,344

8. ULTIMATE CONTROLLING PARTY

The controlling party is M W Stevenson.