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REGISTERED NUMBER: 03547972 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

M.D. CONTRACT SERVICES LIMITED

M.D. CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 03547972)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M.D. CONTRACT SERVICES LIMITED

Company Information
for the year ended 30 April 2024







Director: Mr K J Monk





Registered office: Amis Piling and Dredging, Potenza House
Stalham Road Industrial Estate
Littlewood Lane
Hoveton
Norfolk
NR12 8DZ





Registered number: 03547972 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

M.D. CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 03547972)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 100,530 84,899
100,530 84,899

Current assets
Stocks 7,500 2,180
Debtors 6 249,091 78,961
Cash at bank 5,395 32,089
261,986 113,230
Creditors
Amounts falling due within one year 7 292,054 119,129
Net current liabilities (30,068 ) (5,899 )
Total assets less current liabilities 70,462 79,000

Creditors
Amounts falling due after more than one
year

8

(47,006

)

(50,609

)

Provisions for liabilities 9 (15,863 ) (11,333 )
Net assets 7,593 17,058

Capital and reserves
Called up share capital 10 100 100
Retained earnings 7,493 16,958
Shareholders' funds 7,593 17,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

M.D. CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 03547972)

Statement of Financial Position - continued
30 April 2024


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 13 September 2024 and were signed by:





Mr K J Monk - Director


M.D. CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 03547972)

Notes to the Financial Statements
for the year ended 30 April 2024


1. Statutory information

M.D. Contract Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 33% on net book value
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


M.D. CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 03547972)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


2. Accounting policies - continued
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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 8 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 10,000
Amortisation
At 1 May 2023
and 30 April 2024 10,000
Net book value
At 30 April 2024 -
At 30 April 2023 -

M.D. CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 03547972)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


5. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 May 2023 5,255 164,453 1,745
Additions - 55,233 -
At 30 April 2024 5,255 219,686 1,745
Depreciation
At 1 May 2023 631 108,336 1,745
Charge for year 925 33,614 -
At 30 April 2024 1,556 141,950 1,745
Net book value
At 30 April 2024 3,699 77,736 -
At 30 April 2023 4,624 56,117 -

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2023 32,000 1,105 204,558
Additions - - 55,233
At 30 April 2024 32,000 1,105 259,791
Depreciation
At 1 May 2023 8,512 435 119,659
Charge for year 4,698 365 39,602
At 30 April 2024 13,210 800 159,261
Net book value
At 30 April 2024 18,790 305 100,530
At 30 April 2023 23,488 670 84,899

M.D. CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 03547972)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 May 2023
and 30 April 2024 27,903
Depreciation
At 1 May 2023 6,697
Charge for year 4,241
At 30 April 2024 10,938
Net book value
At 30 April 2024 16,965
At 30 April 2023 21,206

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 67,616 12,611
Other debtors 181,475 66,350
249,091 78,961

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 52,949 -
Hire purchase contracts 7,300 9,056
Trade creditors 37,098 30,773
Taxation and social security 39,735 43,628
Other creditors 154,972 35,672
292,054 119,129

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 33,623 29,926
Hire purchase contracts 13,383 20,683
47,006 50,609

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 15,863 11,333

M.D. CONTRACT SERVICES LIMITED (REGISTERED NUMBER: 03547972)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 May 2023 11,333
Provided during year 4,530
Balance at 30 April 2024 15,863

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. Ultimate controlling party

The company shares are owned by Amis Holdings Ltd, a company owned by the director.