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Registration number: 08312431

MD5 Forensics Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 October 2023

 

MD5 Forensics Ltd

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

MD5 Forensics Ltd

Company Information

Director

Mr Geoffrey Boyd

Registered office

Beaumont Accountancy Services First Floor
Enterprise House
202-206 Linthorpe Road
Middlesbrough
Cleveland
TS1 3QW

Accountants

Beaumont Accountancy Services
1st Floor Enterprise House
202-206 Linthorpe Road
Middlesbrough
TS1 3QW

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
MD5 Forensics Ltd
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MD5 Forensics Ltd for the year ended 31 October 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that MD5 Forensics Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MD5 Forensics Ltd. You consider that MD5 Forensics Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of MD5 Forensics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Beaumont Accountancy Services
1st Floor Enterprise House
202-206 Linthorpe Road
Middlesbrough
TS1 3QW

25 July 2024

 

MD5 Forensics Ltd

(Registration number: 08312431)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,350,000

1,350,000

Creditors: Amounts falling due within one year

(24,000)

(60,000)

Total assets less current liabilities

 

1,326,000

1,290,000

Creditors: Amounts falling due after more than one year

(19,790)

(7,790)

Accruals and deferred income

 

(1,060)

(720)

Net assets

 

1,305,150

1,281,490

Capital and reserves

 

Called up share capital

6

900,000

900,000

Retained earnings

405,150

381,490

Shareholders' funds

 

1,305,150

1,281,490

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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 25 July 2024
 

.........................................
Mr Geoffrey Boyd
Director

 

MD5 Forensics Ltd

Notes to the Unaudited Abridged 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.

The address of its registered office is:
Beaumont Accountancy Services First Floor
Enterprise House
202-206 Linthorpe Road
Middlesbrough
Cleveland
TS1 3QW
United Kingdom

The principal place of business is:
40 - 42 Castleford road
Normanton
West Yorkshire
WF6 2EE

These financial statements were authorised for issue by the director on 25 July 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 abridged 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 abridged 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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

MD5 Forensics Ltd

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 0 (2022 - 0).

 

MD5 Forensics Ltd

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

4

Investments

Total
£

Cost or valuation

At 1 November 2022

1,350,000

Provision

Carrying amount

At 31 October 2023

1,350,000

At 31 October 2022

1,350,000

2023
£

2022
£

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

£1 Ordinary A of £1 each

675,000

675,000

675,000

675,000

£1 Ordinary B of £1 each

225,000

225,000

225,000

225,000

£1 Ordinary C of £1 each

-

-

-

-

900,000

900,000

900,000

900,000

7

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £0.044 (2022 - £Nil) per each £1 Ordinary A

30,000

-

Interim dividend of £0.11 (2022 - £0.13) per each £1 Ordinary B

24,000

30,000

Interim dividend of £Nil (2022 - £0.11) per each £1 Ordinary C

-

24,000

54,000

54,000