1 October 2023 false No description of principal activity Taxfiler 2024.6 SC514189business:PrivateLimitedCompanyLtd2023-10-012024-09-30 SC5141892023-09-30 SC5141892023-10-012024-09-30 SC514189business:AuditExemptWithAccountantsReport2023-10-012024-09-30 SC514189business:FilletedAccounts2023-10-012024-09-30 SC5141892024-09-30 SC514189business:Director12023-10-012024-09-30 SC514189business:Director22023-10-012024-09-30 SC514189business:RegisteredOffice2023-10-012024-09-30 SC5141892023-09-30 SC514189core:WithinOneYear2024-09-30 SC514189core:WithinOneYear2023-09-30 SC514189core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 SC514189core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC514189core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 SC514189core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC514189core:PreviouslyStatedAmount2024-09-30 SC514189core:PreviouslyStatedAmount2023-09-30 SC514189business:SmallEntities2023-10-012024-09-30 SC514189countries:Scotland2023-10-012024-09-30 SC514189core:PlantMachinery2023-10-012024-09-30 SC514189core:ComputerEquipment2023-10-012024-09-30 SC514189core:PlantMachinery2023-09-30 SC514189core:ComputerEquipment2023-09-30 SC514189core:PlantMachinery2024-09-30 SC514189core:ComputerEquipment2024-09-30 SC5141892022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC514189 (Scotland)
Mind Free Ltd Unaudited accounts for the year ended 30 September 2024
Mind Free Ltd Unaudited accounts Contents
Page
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Mind Free Ltd Company Information for the year ended 30 September 2024
Directors
R Kerr A Kerr
Company Number
SC514189 (Scotland)
Registered Office
16 Carnock Gardens Milngavie Glasgow G62 7RU
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Mind Free Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,700 
4,933 
Current assets
Debtors
1,936 
1,315 
Cash at bank and in hand
12,955 
19,065 
14,891 
20,380 
Creditors: amounts falling due within one year
(12,115)
(22,566)
Net current assets/(liabilities)
2,776 
(2,186)
Net assets
6,476 
2,747 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,474 
2,745 
Shareholders' funds
6,476 
2,747 
For the year ending 30 September 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 21 January 2025 and were signed on its behalf by
R Kerr Director Company Registration No. SC514189
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Mind Free Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Mind Free Ltd is a private company, limited by shares, registered in Scotland, registration number SC514189. The registered office is 16 Carnock Gardens, Milngavie, Glasgow, G62 7RU.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents invoiced sales to external customers, excluding value added tax.
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:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
2,818 
10,401 
13,219 
At 30 September 2024
2,818 
10,401 
13,219 
Depreciation
At 1 October 2023
1,925 
6,361 
8,286 
Charge for the year
223 
1,010 
1,233 
At 30 September 2024
2,148 
7,371 
9,519 
Net book value
At 30 September 2024
670 
3,030 
3,700 
At 30 September 2023
893 
4,040 
4,933 
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Mind Free Ltd Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
716 
716 
Other debtors
1,220 
599 
1,936 
1,315 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
660 
Taxes and social security
3,553 
4,251 
Loans from directors
7,762 
16,855 
Accruals
800 
800 
12,115 
22,566 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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