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Registered number: 06574532
Iain MacDonald Design Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 06574532
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,874 16,011
11,874 16,011
CURRENT ASSETS
Stocks 5 205,205 440,810
Debtors 6 163,530 128,947
Cash at bank and in hand 1,211 50,099
369,946 619,856
Creditors: Amounts Falling Due Within One Year 7 (92,956 ) (160,430 )
NET CURRENT ASSETS (LIABILITIES) 276,990 459,426
TOTAL ASSETS LESS CURRENT LIABILITIES 288,864 475,437
Creditors: Amounts Falling Due After More Than One Year 8 (10,011 ) (11,656 )
NET ASSETS 278,853 463,781
CAPITAL AND RESERVES
Called up share capital 10 110 110
Income Statement 278,743 463,671
SHAREHOLDERS' FUNDS 278,853 463,781
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr I MacDonald
Director
17/07/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Iain MacDonald Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06574532 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

These financial statements are presented in sterling, which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:
2.2. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
  • the Company has transferred the significant risks and rewards of ownership to the buyer;
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership noreffective control over the goods sold;
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods:

Depreciation is provided on the following basis:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% reducing balance
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2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
2.5. Taxation
Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
2.6. Pensions
Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
2.7. Leased assets
Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
2.8. Interest income
Interest income is recognised in the statement of income and retained earnings using the effective interest method.
2.9. Finance costs
Finance costs are charged to the statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 9,453 10,185 9,073 25,921 54,632
Disposals - - (2,602 ) - (2,602 )
As at 31 March 2025 9,453 10,185 6,471 25,921 52,030
...CONTINUED
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Depreciation
As at 1 April 2024 8,692 10,042 7,393 12,494 38,621
Provided during the period 191 36 553 3,357 4,137
Disposals - - (2,602 ) - (2,602 )
As at 31 March 2025 8,883 10,078 5,344 15,851 40,156
Net Book Value
As at 31 March 2025 570 107 1,127 10,070 11,874
As at 1 April 2024 761 143 1,680 13,427 16,011
5. Stocks
2025 2024
£ £
Finished goods 205,205 440,810
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 88,324 68,342
Other debtors 75,206 60,605
163,530 128,947
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 15,232 23,704
Bank loans and overdrafts 1,656 10,000
Corporation tax 6,364 59,639
Other taxes and social security 4,443 5,979
VAT 33,809 35,384
Other creditors 1,577 972
Bank overdraft 4,715 -
Accruals and deferred income 4,813 4,405
Director's loan account 20,347 20,347
92,956 160,430
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 10,011 11,656
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9. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 1,656 10,000
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 10,011 11,656
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 110 110
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