Registered number
08543888
MDR AUTOS LIMITED
Filleted Accounts
30 June 2023
MDR AUTOS LIMITED
Registered number: 08543888
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 223,180 229,551
Current assets
Stocks 9,520 9,520
Debtors 5 3,739 7,491
Cash at bank and in hand 259,968 161,875
273,227 178,886
Creditors: amounts falling due within one year 6 (20,279) (35,614)
Net current assets 252,948 143,272
Total assets less current liabilities 476,128 372,823
Creditors: amounts falling due after more than one year 7 (29,899) (38,464)
Provisions for liabilities (3,480) (4,295)
Net assets 442,749 330,064
Capital and reserves
Called up share capital 100 100
Profit and loss account 442,649 329,964
Shareholders' funds 442,749 330,064
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Robinson
Director
Approved by the board on 20 October 2023
MDR AUTOS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 250,000
At 30 June 2023 250,000
Amortisation
At 1 July 2022 250,000
At 30 June 2023 250,000
Net book value
At 30 June 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2022 201,096 75,841 35,386 312,323
At 30 June 2023 201,096 75,841 35,386 312,323
Depreciation
At 1 July 2022 3,376 55,759 23,637 82,772
Charge for the year 422 3,012 2,937 6,371
At 30 June 2023 3,798 58,771 26,574 89,143
Net book value
At 30 June 2023 197,298 17,070 8,812 223,180
At 30 June 2022 197,720 20,082 11,749 229,551
5 Debtors 2023 2022
£ £
Trade debtors 239 4,631
Prepayments 3,500 2,860
3,739 7,491
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,029 1,076
Trade creditors 239 1,856
Taxation and social security costs 40,553 27,708
Directors Account (27,307) 1,209
Accruals 3,765 3,765
20,279 35,614
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 29,899 38,464
8 Other information
MDR AUTOS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
114b Manchester Road
Mossley
Lancashire
OL5 9AY
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