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Registration number: 08736957

MRDALEKJD Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

MRDALEKJD Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

MRDALEKJD Ltd

Company Information

Director

Mr J Hutchinson

Registered office

Fawley House
2 Regatta Place Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

MRDALEKJD Ltd

(Registration number: 08736957)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

68,275

43,409

Tangible assets

5

38,824

52,642

Other financial assets

6

7,912

8,548

 

115,011

104,599

Current assets

 

Debtors

7

24,434

1,505

Cash at bank and in hand

 

978,146

867,550

 

1,002,580

869,055

Creditors: Amounts falling due within one year

8

(242,861)

(233,103)

Net current assets

 

759,719

635,952

Net assets

 

874,730

740,551

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

874,729

740,550

Shareholders' funds

 

874,730

740,551

For the financial year ending 31 October 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.

Approved and authorised by the director on 4 March 2024
 

.........................................
Mr J Hutchinson
Director

 

MRDALEKJD Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Fawley House
2 Regatta Place Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
United Kingdom

These financial statements were authorised for issue by the director on 4 March 2024.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

 

MRDALEKJD Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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

Fixtures and fittings

20% straight line basis

Office equipment

20% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 5 years

Trademarks

Over 10 years

Other intangible assets

No amortisation as indefinite useful life

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

MRDALEKJD Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

 

MRDALEKJD Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Intangible assets

Goodwill
 £

Trademarks, patents and licenses
 £

Other intangible assets
 £

Total
£

Cost or valuation

At 1 November 2022

10,000

900

146,498

157,398

Additions internally developed

-

320

-

320

At 31 October 2023

10,000

1,220

146,498

157,718

Amortisation

At 1 November 2022

10,000

83

103,906

113,989

Amortisation charge

-

106

-

106

Impairment

-

-

(24,652)

(24,652)

At 31 October 2023

10,000

189

79,254

89,443

Carrying amount

At 31 October 2023

-

1,031

67,244

68,275

At 31 October 2022

-

817

42,592

43,409

5

Tangible assets

Motor vehicles
 £

Office equipment
£

Total
£

Cost or valuation

At 1 November 2022

53,450

37,421

90,871

Additions

-

3,982

3,982

Disposals

-

(7,520)

(7,520)

At 31 October 2023

53,450

33,883

87,333

Depreciation

At 1 November 2022

15,519

22,710

38,229

Charge for the year

13,363

4,107

17,470

Eliminated on disposal

-

(7,190)

(7,190)

At 31 October 2023

28,882

19,627

48,509

Carrying amount

At 31 October 2023

24,568

14,256

38,824

At 31 October 2022

37,931

14,711

52,642

 

MRDALEKJD Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2022

8,548

8,548

Fair value adjustments

(636)

(636)

At 31 October 2023

7,912

7,912

Impairment

Carrying amount

At 31 October 2023

7,912

7,912

7

Debtors

Current

2023
£

2022
£

Trade debtors

20,440

-

Prepayments

416

1,505

Other debtors

3,578

-

 

24,434

1,505

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

200

-

Amounts owed to related parties

175,451

170,591

Taxation and social security

 

-

6,849

Other creditors

 

67,210

55,663

 

242,861

233,103