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
M.D.C Imports (UK) Limited
Company Information
for the year ended 31 March 2023
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
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
M.D.C Imports (UK) Limited
Statement of financial position
as at 31 March 2023
Tangible assets
13,511
16,698
Inventories
678,392
1,048,832
Cash at bank and in hand
29,573
219,839
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
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
M.D.C Imports (UK) Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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:
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
At 1 April 2022
-
5,571
5,571
Charge for the year
-
3,187
3,187
At 31 March 2023
-
8,758
8,758
At 31 March 2023
3,953
9,558
13,511
At 31 March 2022
3,953
12,745
16,698
Amounts falling due within one year
Accrued income and prepayments
21,461
21,010
Other debtors
224,722
25,788
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
Trade creditors
197,078
964
Taxes and social security
-
49,368
Loans from directors
2,046
740
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).