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REGISTERED NUMBER: 07324137 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

MDM TECHNIK LIMITED

MDM TECHNIK LIMITED (REGISTERED NUMBER: 07324137)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MDM TECHNIK LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M D McManus





REGISTERED OFFICE: Unit 2B - 2C Henley Road
Medmenham
Marlow
Buckinghamshire
SL7 2TA





REGISTERED NUMBER: 07324137 (England and Wales)





ACCOUNTANTS: B20 Limited
Chartered Certified Accountants
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP

MDM TECHNIK LIMITED (REGISTERED NUMBER: 07324137)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,736 33,723

CURRENT ASSETS
Stocks 11,915 12,700
Debtors 5 15,905 19,066
Cash at bank 126,826 127,033
154,646 158,799
CREDITORS
Amounts falling due within one year 6 (27,333 ) (46,129 )
NET CURRENT ASSETS 127,313 112,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,049

146,393

CREDITORS
Amounts falling due after more than one year 7 (27,814 ) (38,463 )
NET ASSETS 125,235 107,930

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 125,135 107,830
SHAREHOLDERS' FUNDS 125,235 107,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MDM TECHNIK LIMITED (REGISTERED NUMBER: 07324137)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





M D McManus - Director


MDM TECHNIK LIMITED (REGISTERED NUMBER: 07324137)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

MDM TECHNIK LIMITED 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, stated net of discount and sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and to and from related parties

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found an impairment loss is recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MDM TECHNIK LIMITED (REGISTERED NUMBER: 07324137)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 62,621
DEPRECIATION
At 1 December 2022 28,898
Charge for year 7,987
At 30 November 2023 36,885
NET BOOK VALUE
At 30 November 2023 25,736
At 30 November 2022 33,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 12,588 15,727
Other debtors 3,317 3,339
15,905 19,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 4,478 23,722
Taxation and social security 21,165 12,342
Other creditors 1,690 10,065
27,333 46,129

MDM TECHNIK LIMITED (REGISTERED NUMBER: 07324137)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 27,814 38,463

8. ULTIMATE CONTROLLING PARTY

The controlling party is M D McManus.