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Registration number: 14045877

MCD Analytics Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

MCD Analytics Limited

(Registration number: 14045877)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

33,291

37,286

Current assets

 

Debtors

4

231

388

Cash at bank and in hand

 

1,763

52

 

1,994

440

Creditors: Amounts falling due within one year

5

(59,435)

(51,955)

Net current liabilities

 

(57,441)

(51,515)

Net liabilities

 

(24,150)

(14,229)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(24,151)

(14,230)

Shareholders' deficit

 

(24,150)

(14,229)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 10 September 2024
 

.........................................

M Doig
Director

 

MCD Analytics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Statutory information

MCD Analytics Limited is a private company, limited by shares, domiciled in England and Wales, company number 14045877. The registered office is at Greenwood House, Manor Road, Brize Norton, Carterton, OX18 3NA.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Franchise fee

10 years straight line

2

Staff numbers

The average number of persons employed by the company during the year was 2 (2023 - 1).

 

MCD Analytics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

3

Intangible assets

Franchise fee
 £

Cost

At 1 April 2023

39,950

At 31 March 2024

39,950

Amortisation

At 1 April 2023

2,664

Amortisation charge

3,995

At 31 March 2024

6,659

Carrying amount

At 31 March 2024

33,291

At 31 March 2023

37,286

4

Debtors

2024
£

2023
£

Other debtors

231

388

5

Creditors

2024
£

2023
£

Due within one year

Taxation and social security

2,559

320

Accruals

1,301

2,007

Director's loan account

55,575

49,628

59,435

51,955