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Company Registration No. 7593935 (England and Wales)
M.D.C Imports (UK) Limited Unaudited accounts for the year ended 31 March 2023
M.D.C Imports (UK) Limited Unaudited accounts Contents
Page
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M.D.C Imports (UK) Limited Company Information for the year ended 31 March 2023
Director
Mark Cheesman
Company Number
7593935 (England and Wales)
Registered Office
8A MADLEAZE TRADING ESTATE BRISTOL ROAD GLOUCESTER GLOUCESTERSHIRE GL1 5SG UK
Accountants
First Accounting Ltd 3 Rhapsody Court Cheltenham Glos. GL51 6GD
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M.D.C Imports (UK) Limited Accountants' report
Accountants' report to the director of M.D.C Imports (UK) Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M.D.C Imports (UK) Limited for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of M.D.C Imports (UK) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of M.D.C Imports (UK) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.D.C Imports (UK) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M.D.C Imports (UK) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of M.D.C Imports (UK) Limited. You consider that M.D.C Imports (UK) 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 accounts of M.D.C Imports (UK) 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 accounts.
First Accounting Ltd 3 Rhapsody Court Cheltenham Glos. GL51 6GD 11 July 2023
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M.D.C Imports (UK) Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,511 
16,698 
Current assets
Inventories
678,392 
1,048,832 
Debtors
246,183 
46,798 
Cash at bank and in hand
29,573 
219,839 
954,148 
1,315,469 
Creditors: amounts falling due within one year
(275,774)
(54,346)
Net current assets
678,374 
1,261,123 
Total assets less current liabilities
691,885 
1,277,821 
Creditors: amounts falling due after more than one year
(108,483)
- 
Net assets
583,402 
1,277,821 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
583,401 
1,277,820 
Shareholders' funds
583,402 
1,277,821 
For the year ending 31 March 2023 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 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 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 and authorised for issue on 11 July 2023 and were signed on its behalf by
Mark Cheesman Director Company Registration No. 7593935
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M.D.C Imports (UK) Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
M.D.C Imports (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 7593935. The registered office is 8A MADLEAZE TRADING ESTATE, BRISTOL ROAD, GLOUCESTER, GLOUCESTERSHIRE, GL1 5SG, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% Reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
3,953 
18,316 
22,269 
At 31 March 2023
3,953 
18,316 
22,269 
Depreciation
At 1 April 2022
- 
5,571 
5,571 
Charge for the year
- 
3,187 
3,187 
At 31 March 2023
- 
8,758 
8,758 
Net book value
At 31 March 2023
3,953 
9,558 
13,511 
At 31 March 2022
3,953 
12,745 
16,698 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
21,461 
21,010 
Other debtors
224,722 
25,788 
246,183 
46,798 
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M.D.C Imports (UK) Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,105 
1,784 
Trade creditors
197,078 
964 
Taxes and social security
- 
49,368 
Other creditors
70,000 
- 
Loans from directors
2,046 
740 
Accruals
1,545 
1,490 
275,774 
54,346 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
108,483 
- 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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