Registered number
08647891
MDH Central Limited
Filleted Accounts
31 March 2024
MDH Central Limited
Registered number: 08647891
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,760 15,135
Current assets
Stocks 3,000 6,500
Debtors 4 71,068 34,110
Cash at bank and in hand 205,975 143,221
280,043 183,831
Creditors: amounts falling due within one year 5 (192,017) (169,419)
Net current assets 88,026 14,412
Total assets less current liabilities 99,786 29,547
Creditors: amounts falling due after more than one year 6 (9,722) (13,889)
Provisions for liabilities (2,200) (2,800)
Net assets 87,864 12,858
Capital and reserves
Called up share capital 100 100
Profit and loss account 87,764 12,758
Shareholders' funds 87,864 12,858
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.
A Robotham
Director
Approved by the board on 8 August 2024
MDH Central Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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:
Computers 33% straight line
Motor vehicles 25% reducing balance
Plant and machinery 15% straight line
Fixtures, fittings, tools and equipment 15% straight line
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
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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 Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 6,087 38,083 44,170
Additions 874 - 874
At 31 March 2024 6,961 38,083 45,044
Depreciation
At 1 April 2023 5,137 23,898 29,035
Charge for the year 704 3,545 4,249
At 31 March 2024 5,841 27,443 33,284
Net book value
At 31 March 2024 1,120 10,640 11,760
At 31 March 2023 950 14,185 15,135
4 Debtors 2024 2023
£ £
Trade debtors 69,435 33,802
Other debtors 1,633 308
71,068 34,110
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,167 4,167
Trade creditors 43,651 900
Other taxes and social security costs 73,852 32,571
Other creditors 70,347 131,781
192,017 169,419
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 9,722 13,889
7 Other information
MDH Central Limited is a private company limited by shares and incorporated in England. Its registered office is:
6A Little Aston Lane
Little Aston
Sutton Coldfield
B74 3UF
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