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REGISTERED NUMBER: 09826125 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 October 2023

for

Mdl (Edwinstowe) Ltd

Mdl (Edwinstowe) Ltd (Registered number: 09826125)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mdl (Edwinstowe) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs D Longden





REGISTERED OFFICE: Moor Park House
Clifford Lister Business Centre
Bawtry Road
Wickersley
Rotherham
S66 2BL





REGISTERED NUMBER: 09826125 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Mdl (Edwinstowe) Ltd (Registered number: 09826125)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,794 45,324

CURRENT ASSETS
Stocks 5 13,322 12,767
Debtors 6 15,717 7,730
Cash at bank and in hand 90,596 97,243
119,635 117,740
CREDITORS
Amounts falling due within one year 7 106,213 107,919
NET CURRENT ASSETS 13,422 9,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,216

55,145

CREDITORS
Amounts falling due after more than one
year

8

(32,551

)

(41,347

)

PROVISIONS FOR LIABILITIES 10 (10,699 ) (8,612 )
NET ASSETS 12,966 5,186

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 12,866 5,086
SHAREHOLDERS' FUNDS 12,966 5,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Mdl (Edwinstowe) Ltd (Registered number: 09826125)

Balance Sheet - continued
31 October 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 director and authorised for issue on 28 March 2024 and were signed by:





Mrs D Longden - Director


Mdl (Edwinstowe) Ltd (Registered number: 09826125)

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

1. STATUTORY INFORMATION

Mdl (Edwinstowe) 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Mdl (Edwinstowe) Ltd (Registered number: 09826125)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 119,228 27,000 7,536 153,764
Additions 10,700 - 1,659 12,359
At 31 October 2023 129,928 27,000 9,195 166,123
DEPRECIATION
At 1 November 2022 90,122 11,813 6,505 108,440
Charge for year 9,951 3,796 1,142 14,889
At 31 October 2023 100,073 15,609 7,647 123,329
NET BOOK VALUE
At 31 October 2023 29,855 11,391 1,548 42,794
At 31 October 2022 29,106 15,187 1,031 45,324

5. STOCKS
2023 2022
£    £   
Stocks 13,322 12,767

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,161 7,000
Directors' current accounts 9,789 -
Prepayments 767 730
15,717 7,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 6,828 10,128
Hire purchase contracts 5,268 5,268
Trade creditors 38,184 37,762
Tax 12,205 10,441
Social security and other taxes 4,376 7,354
VAT 37,352 34,964
Directors' current accounts - 2
Accrued expenses 2,000 2,000
106,213 107,919

Mdl (Edwinstowe) Ltd (Registered number: 09826125)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans (see note 9) 22,005 25,533
Hire purchase contracts 10,546 15,814
32,551 41,347

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,828 10,128

Amounts falling due between one and two years:
Bounce back loan 22,005 25,533

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 10,699 8,612

Deferred
tax
£   
Balance at 1 November 2022 8,612
Movement in th year 2,087
Balance at 31 October 2023 10,699

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A 1 100 100
50 Ordinary B 1 - -
100 100

Mdl (Edwinstowe) Ltd (Registered number: 09826125)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

12. RESERVES
Retained
earnings
£   

At 1 November 2022 5,086
Profit for the year 44,710
Dividends (36,930 )
At 31 October 2023 12,866

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs D Longden.