1 May 2023 false No description of principal activity Taxfiler 2024.5 04717774business:PrivateLimitedCompanyLtd2023-05-012024-04-30 047177742023-04-30 047177742023-05-012024-04-30 04717774business:AuditExemptWithAccountantsReport2023-05-012024-04-30 04717774business:FilletedAccounts2023-05-012024-04-30 047177742024-04-30 04717774business:Director12023-05-012024-04-30 04717774business:Director22023-05-012024-04-30 04717774business:CompanySecretary12023-05-012024-04-30 04717774business:RegisteredOffice2023-05-012024-04-30 047177742023-04-30 04717774core:WithinOneYear2024-04-30 04717774core:WithinOneYear2023-04-30 04717774core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 04717774core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 04717774core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 04717774core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 04717774core:PreviouslyStatedAmount2024-04-30 04717774core:PreviouslyStatedAmount2023-04-30 04717774business:SmallEntities2023-05-012024-04-30 04717774countries:EnglandWales2023-05-012024-04-30 04717774core:PlantMachinery2023-05-012024-04-30 04717774core:ComputerEquipment2023-05-012024-04-30 04717774core:Goodwill2023-04-30 04717774core:Goodwill2024-04-30 04717774core:PlantMachinery2023-04-30 04717774core:ComputerEquipment2023-04-30 04717774core:PlantMachinery2024-04-30 04717774core:ComputerEquipment2024-04-30 04717774core:RevaluationsIncreaseDecreaseInInvestments2024-04-30 047177742022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 04717774 (England and Wales)
MDN Fusion Limited Unaudited accounts for the year ended 30 April 2024
MDN Fusion Limited Unaudited accounts Contents
Page
- 2 -
MDN Fusion Limited Company Information for the year ended 30 April 2024
Directors
M D Thomas Mrs J F Thomas
Secretary
Mrs J F Thomas
Company Number
04717774 (England and Wales)
Registered Office
2 Starling Close Kempshott Basingstoke Hampshire RG22 5PY United Kingdom
Accountants
Eldridge & Associates Limited Drewitts Ash Hannington Tadley Hampshire RG26 5UA
- 3 -
MDN Fusion Limited Accountants' report
Accountants' report to the board of directors of MDN Fusion Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 April 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 April 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Eldridge & Associates Limited Drewitts Ash Hannington Tadley Hampshire RG26 5UA 31 August 2024
- 4 -
MDN Fusion Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,073 
3,447 
Investments
15,057 
20,257 
17,130 
23,704 
Current assets
Debtors
6,956 
34,843 
Cash at bank and in hand
60,237 
90,952 
67,193 
125,795 
Creditors: amounts falling due within one year
(10,155)
(23,498)
Net current assets
57,038 
102,297 
Total assets less current liabilities
74,168 
126,001 
Provisions for liabilities
Deferred tax
(395)
(656)
Net assets
73,773 
125,345 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
73,673 
125,245 
Shareholders' funds
73,773 
125,345 
For the year ending 30 April 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
M D Thomas Director Company Registration No. 04717774
- 5 -
MDN Fusion Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
MDN Fusion Limited is a private company, limited by shares, registered in England and Wales, registration number 04717774. The registered office is 2 Starling Close, Kempshott, Basingstoke, Hampshire, RG22 5PY, 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% straight line
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investment property
Investment in subsidiaries is shown at cost less any impairment.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 6 -
MDN Fusion Limited Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
82,455 
At 30 April 2024
82,455 
Amortisation
At 1 May 2023
82,455 
At 30 April 2024
82,455 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
1,000 
12,921 
13,921 
At 30 April 2024
1,000 
12,921 
13,921 
Depreciation
At 1 May 2023
999 
9,475 
10,474 
Charge for the year
- 
1,374 
1,374 
At 30 April 2024
999 
10,849 
11,848 
Net book value
At 30 April 2024
1 
2,072 
2,073 
At 30 April 2023
1 
3,446 
3,447 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 May 2023
20,257 
Fair value adjustments
(5,200)
Valuation at 30 April 2024
15,057 
The shares are held at cost less impairment. The directors have considered and determined that the value of shares was impaired this year. The return to previous profitability is expected during the FY 24/25.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,414 
33,352 
Amounts due from group undertakings etc.
3,542 
1,491 
6,956 
34,843 
- 7 -
MDN Fusion Limited Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,986 
11,078 
Trade creditors
977 
977 
Taxes and social security
1,148 
5,148 
Loans from directors
2,923 
2,923 
Accruals
2,121 
3,372 
10,155 
23,498 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 8 -