Registered number
SC688695
MDS SINGH LTD
Filleted Accounts
28 February 2025
MDS SINGH LTD
Registered number: SC688695
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 40,000 40,000
Tangible assets 4 34,191 37,158
Investments - -
74,191 77,158
Current assets
Stocks 126,250 70,950
Debtors - -
Investments held as current assets - -
Cash at bank and in hand 28,081 8,995
154,331 79,945
Creditors: amounts falling due within one year 5 (222,056) (151,448)
Net current liabilities (67,725) (71,503)
Total assets less current liabilities 6,466 5,655
Creditors: amounts falling due after more than one year - -
Provisions for liabilities - -
Net assets 6,466 5,655
Capital and reserves
Called up share capital 100 100
Share premium - -
Revaluation reserve - -
Profit and loss account 6,366 5,555
Shareholder's funds 6,466 5,655
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
SANDEEP SINGH
Director
Approved by the board on 31 March 2025
MDS SINGH LTD
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at 10% reducing balance basis.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2024 40,000
Additions -
Disposals -
At 28 February 2025 40,000
Amortisation
At 1 March 2024 -
Provided during the year -
On disposals -
At 28 February 2025 -
Net book value
At 28 February 2025 40,000
At 29 February 2024 40,000
4 Tangible fixed assets
Fixtures & fittings Total
£ £
Cost
At 1 March 2024 49,439 49,439
Additions 832 832
Surplus on revaluation - -
Disposals - -
At 28 February 2025 50,271 50,271
Depreciation
At 1 March 2024 12,281 12,281
Charge for the year 3,799 3,799
Surplus on revaluation - -
On disposals - -
At 28 February 2025 16,080 16,080
Net book value
At 28 February 2025 34,191 34,191
At 29 February 2024 37,158 37,158
5 Creditors: amounts falling due within one year 2025 2024
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 60,547 48,739
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 6,857 7,236
Other creditors 154,652 95,473
222,056 151,448
6 Off-balance sheet arrangements
NONE.
7 Other information
MDS SINGH LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
43 FIR VIEW
CALDERBANK
ML6 9SW
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