Registered number
14492939
MD Specialist Cleaning Services Limited
Filleted Accounts
31 December 2023
MD Specialist Cleaning Services Limited
Registered number: 14492939
Balance Sheet
as at 31 December 2023
Notes 2023
£
Fixed assets
Tangible assets 3 17,056
Current assets
Debtors 4 30,725
Cash at bank and in hand 2,647
33,372
Creditors: amounts falling due within one year 5 (41,111)
Net current liabilities (7,739)
Net assets 9,317
Capital and reserves
Called up share capital 2
Profit and loss account 9,315
Shareholders' funds 9,317
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Donaldson
Director
Approved by the board on 7 August 2024
MD Specialist Cleaning Services Limited
Notes to the Accounts
for the period from 18 November 2022 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 8,816 12,000 20,816
At 31 December 2023 8,816 12,000 20,816
Depreciation
Charge for the period 1,360 2,400 3,760
At 31 December 2023 1,360 2,400 3,760
Net book value
At 31 December 2023 7,456 9,600 17,056
4 Debtors 2023
£
Trade debtors 30,725
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 10,000
Taxation and social security costs 3,813
Other creditors 27,298
41,111
6 Other information
MD Specialist Cleaning Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Deeside Overton Road
Bangor On Dee
Wrexham
LL13 0DA
MD Specialist Cleaning Services Limited 14492939 false 2022-11-18 2023-12-31 2023-12-31 VT Final Accounts April 2024 H Donaldson No description of principal activity 14492939 2022-11-18 2023-12-31 14492939 bus:PrivateLimitedCompanyLtd 2022-11-18 2023-12-31 14492939 bus:AuditExemptWithAccountantsReport 2022-11-18 2023-12-31 14492939 bus:Director40 2022-11-18 2023-12-31 14492939 1 2022-11-18 2023-12-31 14492939 2 2022-11-18 2023-12-31 14492939 core:PlantMachinery 2022-11-18 2023-12-31 14492939 core:Vehicles 2022-11-18 2023-12-31 14492939 countries:England 2022-11-18 2023-12-31 14492939 bus:FRS102 2022-11-18 2023-12-31 14492939 bus:FilletedAccounts 2022-11-18 2023-12-31 14492939 2023-12-31 14492939 core:WithinOneYear 2023-12-31 14492939 core:ShareCapital 2023-12-31 14492939 core:RetainedEarningsAccumulatedLosses 2023-12-31 14492939 core:PlantMachinery 2023-12-31 14492939 core:Vehicles 2023-12-31 14492939 2022-11-17 iso4217:GBP xbrli:pure