Mailing & Data Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC336086 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

Mailing & Data Solutions Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTOR:

R Q Howie

SECRETARY:

R Q Howie

REGISTERED OFFICE:

C/o Burgoyne Carey

Pavilion 2

3 Dava Street

Glasgow

G51 2JA

REGISTERED NUMBER:

SC336086 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Intangible assets

4

35,268

47,016

Tangible assets

5

385,231

375,461

Investments

6

14,246

434,745

436,723

CURRENT ASSETS

Debtors

7

1,080,239

1,012,550

Cash at bank

320,335

287,428

1,400,574

1,299,978

CREDITORS

Amounts falling due within one year

8

172,417

104,396

NET CURRENT ASSETS

1,228,157

1,195,582

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,662,902

1,632,305

PROVISIONS FOR LIABILITIES

7,215

3,731

NET ASSETS

1,655,687

1,628,574

CAPITAL AND RESERVES

Called up share capital

900

Retained earnings

1,654,787

1,627,674

SHAREHOLDERS' FUNDS

1,655,687

1,628,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 12 September 2025 and were signed by:

R Q Howie - Director

1.	STATUTORY INFORMATION

Mailing & Data Solutions 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

235,000

AMORTISATION

At 1 January 2024

187,984

Amortisation for year

11,748

At 31 December 2024

199,732

NET BOOK VALUE

At 31 December 2024

35,268

At 31 December 2023

47,016

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 January 2024

235,000

119,930

75,980

Additions

-

731

At 31 December 2024

235,000

119,930

76,711

DEPRECIATION

At 1 January 2024

-

75,457

Charge for year

-

600

At 31 December 2024

-

76,057

NET BOOK VALUE

At 31 December 2024

235,000

119,930

654

At 31 December 2023

235,000

119,930

523

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

149,630

94,049

674,589

Additions

-

19,000

19,731

At 31 December 2024

149,630

113,049

694,320

DEPRECIATION

At 1 January 2024

131,204

92,467

299,128

Charge for year

5,603

3,758

9,961

At 31 December 2024

136,807

96,225

309,089

NET BOOK VALUE

At 31 December 2024

12,823

16,824

385,231

At 31 December 2023

18,426

1,582

375,461

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

Artwork investment

14,246

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

193,861

127,939

Other debtors

883,001

Prepayments

3,377

1,610

1,080,239

1,012,550

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

60,974

40,073

Credit Cards

2,048

390

Tax

46,255

34,074

Social security and other taxes

8,955

2,453

Pensions

499

VAT

25,548

6,208

Directors' loan accounts

267

180

Accrued expenses

27,871

20,519

172,417

104,396

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

R Q Howie

Balance outstanding at start of year

(180

)

(59

)

Amounts advanced

108,913

133,879

Amounts repaid

(109,000

)

(134,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(267

)

(180

)