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Company Registration No. 13736878 (England and Wales)
MD LANCE ENGINEERING LTD Unaudited accounts for the year ended 30 November 2023
MD LANCE ENGINEERING LTD Unaudited accounts Contents
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MD LANCE ENGINEERING LTD Company Information for the year ended 30 November 2023
Director
Dawson Mandizha
Company Number
13736878 (England and Wales)
Registered Office
100 GILES CLOSE BIRMINGHAM WEST MIDLANDS B33 8EB UNITED KINGDOM
Accountants
Protax Chartered Certified Accountants 371 Bordesley Green Birmingham Westmidlands B9 5RP
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MD LANCE ENGINEERING LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,193 
40,701 
Current assets
Debtors
765 
765 
Cash at bank and in hand
5,354 
5,049 
6,119 
5,814 
Creditors: amounts falling due within one year
(29,803)
(45,312)
Net current liabilities
(23,684)
(39,498)
Net assets
10,509 
1,203 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
10,508 
1,202 
Shareholders' funds
10,509 
1,203 
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 21 March 2024 and were signed on its behalf by
Dawson Mandizha Director Company Registration No. 13736878
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MD LANCE ENGINEERING LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MD LANCE ENGINEERING LTD is a private company, limited by shares, registered in England and Wales, registration number 13736878. The registered office is 100 GILES CLOSE, BIRMINGHAM, WEST MIDLANDS, B33 8EB, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
18% reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
23,061 
17,640 
40,701 
Additions
- 
19,200 
19,200 
At 30 November 2023
23,061 
36,840 
59,901 
Depreciation
Charge for the year
4,612 
3,456 
8,068 
On disposals
- 
17,640 
17,640 
At 30 November 2023
4,612 
21,096 
25,708 
Net book value
At 30 November 2023
18,449 
15,744 
34,193 
At 30 November 2022
23,061 
17,640 
40,701 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
765 
765 
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MD LANCE ENGINEERING LTD Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
450 
- 
Obligations under finance leases and hire purchase contracts
6,203 
- 
Taxes and social security
10 
3 
Accrued preference dividends
22,000 
22,000 
Other creditors
1,140 
750 
Loans from directors
- 
22,559 
29,803 
45,312 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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