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REGISTERED NUMBER: 08398886 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

MDCO Ltd

MDCO Ltd (Registered number: 08398886)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MDCO Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs S Doran
M S Doran





REGISTERED OFFICE: Kenant Chambers
2 Bath Avenue
Wolverhampton
West Midlands
WV1 4EQ





REGISTERED NUMBER: 08398886 (England and Wales)






MDCO Ltd (Registered number: 08398886)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,216 19,014

CURRENT ASSETS
Stocks 4,000 4,400
Debtors 5 14,477 48,057
Cash at bank 399,359 472,235
417,836 524,692
CREDITORS
Amounts falling due within one year 6 27,155 77,449
NET CURRENT ASSETS 390,681 447,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,897

466,257

PROVISIONS FOR LIABILITIES 7 3,613 3,613
NET ASSETS 401,284 462,644

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 401,184 462,544
SHAREHOLDERS' FUNDS 401,284 462,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MDCO Ltd (Registered number: 08398886)

Balance Sheet - continued
28 February 2023


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 Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





M S Doran - Director


MDCO Ltd (Registered number: 08398886)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

MDCO Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


MDCO Ltd (Registered number: 08398886)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 16,286 56,446 4,617 77,349
DEPRECIATION
At 1 March 2022 12,934 41,339 4,062 58,335
Charge for year 838 3,777 183 4,798
At 28 February 2023 13,772 45,116 4,245 63,133
NET BOOK VALUE
At 28 February 2023 2,514 11,330 372 14,216
At 28 February 2022 3,352 15,107 555 19,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 14,477 48,057

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 16,121 9,206
Taxation and social security 8,496 20,995
Other creditors 2,538 47,248
27,155 77,449

MDCO Ltd (Registered number: 08398886)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 3,613 3,613

Deferred
tax
£   
Balance at 1 March 2022 3,613
Balance at 28 February 2023 3,613

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The company is controlled equally by Mr M S Doran and Mrs S Doran.