1 March 2022 false No description of principal activity Taxfiler 2023.10.2 08326829business:PrivateLimitedCompanyLtd2022-03-012023-02-28 083268292022-02-28 083268292022-03-012023-02-28 08326829business:AuditExemptWithAccountantsReport2022-03-012023-02-28 08326829business:FilletedAccounts2022-03-012023-02-28 083268292023-02-28 08326829business:Director12022-03-012023-02-28 08326829business:Director22022-03-012023-02-28 08326829business:RegisteredOffice2022-03-012023-02-28 083268292022-02-28 08326829core:WithinOneYear2023-02-28 08326829core:WithinOneYear2022-02-28 08326829core:AfterOneYear2023-02-28 08326829core:AfterOneYear2022-02-28 08326829core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 08326829core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 08326829core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 08326829core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 08326829core:PreviouslyStatedAmount2023-02-28 08326829core:PreviouslyStatedAmount2022-02-28 08326829business:SmallEntities2022-03-012023-02-28 08326829countries:EnglandWales2022-03-012023-02-28 08326829core:PlantMachinery2022-02-28 08326829core:PlantMachinery2023-02-28 083268292021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 08326829 (England and Wales)
MDA Home Ltd Unaudited filleted accounts for the year ended 28 February 2023
MDA Home Ltd Unaudited filleted accounts Contents
Page
- 2 -
MDA Home Ltd Company Information for the year ended 28 February 2023
Directors
Martyn David Allen Daran Salimian
Company Number
08326829 (England and Wales)
Registered Office
Unit 8 Lyon Way Industrial Estate Greenford Middlesex UB6 0BN
Accountants
1g Accountants 71 Cheyne Walk London NW4 3QU
- 3 -
MDA Home Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
83,722 
185,840 
Debtors
46,298 
91,927 
Cash at bank and in hand
32,615 
54,855 
162,635 
332,622 
Creditors: amounts falling due within one year
(108,144)
(212,431)
Net current assets
54,491 
120,191 
Total assets less current liabilities
54,491 
120,191 
Creditors: amounts falling due after more than one year
(74,011)
(130,795)
Net liabilities
(19,520)
(10,604)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(19,523)
(10,607)
Shareholders' funds
(19,520)
(10,604)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by
Daran Salimian Director Company Registration No. 08326829
- 4 -
MDA Home Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
MDA Home Ltd is a private company, limited by shares, registered in England and Wales, registration number 08326829. The registered office is Unit 8, Lyon Way Industrial Estate, Greenford, Middlesex, UB6 0BN.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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 in other comprehensive income is likewise recognised in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been substantively enacted by the reporting date.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
30,095 
At 28 February 2023
30,095 
Depreciation
At 1 March 2022
30,095 
At 28 February 2023
30,095 
Net book value
At 28 February 2023
- 
- 5 -
MDA Home Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,837 
27,446 
Accrued income and prepayments
32,461 
64,481 
46,298 
91,927 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
33,230 
32,930 
VAT
23,319 
33,502 
Trade creditors
12,549 
52,361 
Taxes and social security
1,064 
13,247 
Other creditors
9,169 
9,171 
Loans from directors
26,700 
69,170 
Accruals
2,113 
2,050 
108,144 
212,431 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
74,011 
101,045 
Loans from directors
- 
29,750 
74,011 
130,795 
8
Transactions with related parties
Included within other expenses is recharged administrative expenses of £37,204 (2022: £58,168) and direct costs of £7,004 (2022: £252,426) payable to Luxural Limited, a company associated by virtue of significant common management and control. Included in sales is an amount of £6,527 (2022: £16,133) in relation to Trade Sales to that company. Included in other creditors is an amount of £9,171 (2022: £9,171) owed to that company.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -