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REGISTERED NUMBER: 06352450 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MDC Plumbing Limited

MDC Plumbing Limited (Registered number: 06352450)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

MDC Plumbing Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Di Cienzo
Mrs A Di Cienzo
M J Di Cienzo





SECRETARY: Mrs A Di Cienzo





REGISTERED OFFICE: The Granary
Ravensden Road
Wilden, Bedford
MK44 2QS





REGISTERED NUMBER: 06352450 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

MDC Plumbing Limited (Registered number: 06352450)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,998 18,485
39,998 18,485

CURRENT ASSETS
Debtors 6 29,373 28,697
Cash at bank 4,508 22,384
33,881 51,081
CREDITORS
Amounts falling due within one year 7 13,397 20,905
NET CURRENT ASSETS 20,484 30,176
TOTAL ASSETS LESS CURRENT LIABILITIES 60,482 48,661

PROVISIONS FOR LIABILITIES 8,179 3,847
NET ASSETS 52,303 44,814

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 52,290 44,801
SHAREHOLDERS' FUNDS 52,303 44,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





Mrs A Di Cienzo - Director


MDC Plumbing Limited (Registered number: 06352450)

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

1. STATUTORY INFORMATION

MDC Plumbing 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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from plumbing services is recognised when work has been completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised evenly over its estimated useful life of five years.

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
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

MDC Plumbing Limited (Registered number: 06352450)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 60,000
AMORTISATION
At 1 April 2023
and 31 March 2024 60,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 6,355 50,051 6,725 63,131
Additions 3,587 29,128 - 32,715
Disposals (5,106 ) - - (5,106 )
At 31 March 2024 4,836 79,179 6,725 90,740
DEPRECIATION
At 1 April 2023 4,229 36,253 4,164 44,646
Charge for year 951 7,090 1,399 9,440
Eliminated on disposal (3,344 ) - - (3,344 )
At 31 March 2024 1,836 43,343 5,563 50,742
NET BOOK VALUE
At 31 March 2024 3,000 35,836 1,162 39,998
At 31 March 2023 2,126 13,798 2,561 18,485

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,386 -
Social security 25,245 27,847
VAT 323 312
Prepayments 1,419 538
29,373 28,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 170
Tax 11,144 18,527
Directors' current accounts 446 459
Accrued expenses 1,807 1,749
13,397 20,905

MDC Plumbing Limited (Registered number: 06352450)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

The amount outstanding at the year end to Mr M Di Cienzo is £236 (2023 - £123).

The amount outstanding at the year end to Mrs A Di Cienzo is £45 (2023 - £157).

The amount outstanding at the year end to Mr MJ Di Cienzo is £165 (2023 - £178).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MDC Plumbing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MDC Plumbing Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MDC Plumbing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MDC Plumbing Limited and state those matters that we have agreed to state to the Board of Directors of MDC Plumbing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MDC Plumbing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MDC Plumbing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MDC Plumbing Limited. You consider that MDC Plumbing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MDC Plumbing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


10 September 2024