Company Registration No. SC531187 (Scotland)
M&F Group (Scotland) Ltd
Unaudited accounts
for the year ended 31 March 2021
M&F Group (Scotland) Ltd
Unaudited accounts
Contents
M&F Group (Scotland) Ltd
Company Information
for the year ended 31 March 2021
Directors
Mr Ian Medlock
Mr Ian Medlock
Mrs Jean Medlock
Ms Leanne Woods
Company Number
SC531187 (Scotland)
Registered Office
UNIT 9 HUNTERSHILL VILLAGE
CROWHILL ROAD
BISHOPBRIGGS
G64 1RP
SCOTLAND
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
M&F Group (Scotland) Ltd
Statement of financial position
as at 31 March 2021
Tangible assets
3,082
1,318
Cash at bank and in hand
78,991
8,747
Creditors: amounts falling due within one year
(88,719)
(41,289)
Net current assets
96,718
17,031
Total assets less current liabilities
99,800
18,349
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
125
125
Profit and loss account
49,675
18,224
Shareholders' funds
49,800
18,349
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2021 and were signed on its behalf by
Mr Ian Medlock
Director
Company Registration No. SC531187
M&F Group (Scotland) Ltd
Notes to the Accounts
for the year ended 31 March 2021
M&F Group (Scotland) Ltd is a private company, limited by shares, registered in Scotland, registration number SC531187. The registered office is UNIT 9 HUNTERSHILL VILLAGE, CROWHILL ROAD, BISHOPBRIGGS, G64 1RP, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
5
Debtors: amounts falling due within one year
2021
2020
Debtors: amounts falling due after more than one year
Trade debtors
97,896
45,373
M&F Group (Scotland) Ltd
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
67,119
23,776
Loans from directors
13,513
17,513
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 15 (2020: 0).
