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Registration number: 10640507

M D Business Solutions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

M D Business Solutions Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

M D Business Solutions Limited

Company Information





 

Director




 

Mr Mark Donaldson

Registered office





 

70 Coppice Drive
Netherton
Huddersfield
West Yorkshire
HD4 7WW

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

M D Business Solutions Limited

Director's Report
for the Year Ended 28 February 2023

The director presents his report and the financial statements for the year ended 28 February 2023.

Director of the company

The director who held office during the year was as follows:

Mr Mark Donaldson

Principal activity

The principal activity of the company is management consultancy.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 November 2023
 

.........................................
Mr Mark Donaldson
Director

 

M D Business Solutions Limited

(Registration number: 10640507 )
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

379

516

Current assets

 

Cash at bank and in hand

 

6,986

4,919

Creditors: Amounts falling due within one year

5

(5,007)

(4,610)

Net current assets

 

1,979

309

Net assets

 

2,358

825

Capital and reserves

 

Called up share capital

6

100

100

Profit and loss account

2,258

725

Total equity

 

2,358

825

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 November 2023
 

.........................................
Mr Mark Donaldson
Director

 

M D Business Solutions Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
70 Coppice Drive
Netherton
Huddersfield
West Yorkshire
HD4 7WW
England

These financial statements were authorised for issue by the director on 22 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the net sales of goods, excluding value added tax.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

M D Business Solutions Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office furniture

20% on reducing balance

Laptop

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

M D Business Solutions Limited

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

4

Tangible assets

Office furniture
£

Office equipment
£

Total
£

Cost or valuation

At 1 March 2022

399

580

979

At 28 February 2023

399

580

979

Depreciation

At 1 March 2022

144

319

463

Charge for the year

51

86

137

At 28 February 2023

195

405

600

Carrying amount

At 28 February 2023

204

175

379

At 28 February 2022

255

261

516

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

841

508

Accruals and deferred income

1,128

564

Other creditors

3,038

3,538

5,007

4,610

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100