Modern Design Sofas Ltd

Registered Number: SC811013 Modern Design Sofas Ltd
Statement of Financial Position
As at 31 May 2025

	2025
	£	£
Fixed assets		1,957
Current assets	416
Creditors: amount falling due within one year	(25,593)
Net current assets		(25,177)
Total assets less current liabilities		(23,220)
Net assets		(23,220)


Capital and reserves		(23,220)

NOTES TO THE ACCOUNTS

General Information

Modern Design Sofas Ltd is a private company, limited by shares, registered in Scotland, registration number SC811013, registration address Clyde Offices, 48, 2/3 West George Street, Glasgow, G2 1BP.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

20% Straight Line

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 21 May 2024	-	-
Additions	2,446	2,446
Disposals	-	-
At 31 May 2025	2,446	2,446
Depreciation
At 21 May 2024	-	-
Charge for period	489	489
On disposals	-	-
At 31 May 2025	489	489
Net book values
Closing balance as at 31 May 2025	1,957	1,957
Opening balance as at 21 May 2024	-	-

3.	Average number of employees Average number of employees during the period was 0.

For the period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 30 September 2025 and were signed by:

--------------------------------
Hubert Rawdanowicz
Director


Registered Number: SC811013
Scotland
MODERN DESIGN SOFAS LTD

Unaudited Financial Statements

Period of accounts Start date: 21 May 2024 End date: 31 May 2025