REGISTERED NUMBER: SC622252 (Scotland)

MRD Design Floors Limited

Financial Statements For The Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTOR:

M R Duff

SECRETARY:

Mrs L E Duff

REGISTERED OFFICE:

Park House Centre

South Street

Elgin

Moray

IV30 1JB

REGISTERED NUMBER:

SC622252 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

90,625

52,025

90,625

52,025

CURRENT ASSETS

Stocks

30,762

38,233

Debtors

6

70,059

53,469

Cash at bank and in hand

3,998

3,603

104,819

95,305

CREDITORS

Amounts falling due within one year

7

101,726

90,923

NET CURRENT ASSETS

3,093

4,382

TOTAL ASSETS LESS CURRENT LIABILITIES

93,718

56,407

CREDITORS

Amounts falling due after more than one year

8

(75,386

)

(46,413

)

PROVISIONS FOR LIABILITIES

9

(17,219

)

(9,884

)

NET ASSETS

1,113

110

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

1,013

10

SHAREHOLDERS' FUNDS

1,113

110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 14 July 2026 and were signed by:

M R Duff - Director

1.	STATUTORY INFORMATION

MRD Design Floors 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

12,000

AMORTISATION

At 1 April 2025

and 31 March 2026

12,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2025

86,442

Additions

64,240

Disposals

(30,475

)

At 31 March 2026

120,207

DEPRECIATION

At 1 April 2025

34,417

Charge for year

17,744

Eliminated on disposal

(22,579

)

At 31 March 2026

29,582

NET BOOK VALUE

At 31 March 2026

90,625

At 31 March 2025

52,025

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment

£

COST

At 1 April 2025

69,725

Additions

63,344

Disposals

(30,475

)

At 31 March 2026

102,594

DEPRECIATION

At 1 April 2025

28,443

Charge for year

16,699

Eliminated on disposal

(22,579

)

At 31 March 2026

22,563

NET BOOK VALUE

At 31 March 2026

80,031

At 31 March 2025

41,282

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

70,059

47,106

Other debtors

-

6,363

70,059

53,469

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

6,000

5,556

Hire purchase contracts

10,332

10,859

Trade creditors

21,212

10,677

Taxation and social security

32,884

39,194

Other creditors

31,298

24,637

101,726

90,923

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

16,685

23,149

Hire purchase contracts

58,701

23,264

75,386

46,413

31.3.26

31.3.25

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

927

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

17,219

9,884

Deferred

tax

£

Balance at 1 April 2025

9,884

Provided during year

7,335

Balance at 31 March 2026

17,219

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary shares

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2025

10

Profit for the year

52,153

Dividends

(51,150

)

At 31 March 2026

1,013

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,575 (2025 - £16,700) were paid to the director .

M R Duff

is a director of the company

Included in other creditors is an interest free directors loan. There are no repayment terms.

31.3.26

31.3.25

£

£

Amount due (to)/from related party at the balance sheet date

(16

)

5,424

13.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of M R Duff and L E Duff.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MRD Design Floors Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MRD Design Floors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MRD Design Floors Limited and state those matters that we have agreed to state to the director of MRD Design Floors Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MRD Design Floors Limited and its director for our work or for this report.

It is your duty to ensure that MRD Design Floors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MRD Design Floors Limited. You consider that MRD Design Floors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MRD Design Floors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

14 July 2026