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REGISTERED NUMBER: 10633633 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MDM VEHICLE DELIVERIES LIMITED

MDM VEHICLE DELIVERIES LIMITED (REGISTERED NUMBER: 10633633)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MDM VEHICLE DELIVERIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs L Parratt
Miss L E Parratt





REGISTERED OFFICE: Unit 4-5 Greenfields Business Park
Wheatfield Way
Hinckley
Leicestershire
LE10 1BB





REGISTERED NUMBER: 10633633 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

MDM VEHICLE DELIVERIES LIMITED (REGISTERED NUMBER: 10633633)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 64,442 32,000
Tangible assets 5 21,379 4,647
85,821 36,647

CURRENT ASSETS
Stocks - 17,500
Debtors 6 219,498 364,850
Cash at bank 174,058 18,373
393,556 400,723
CREDITORS
Amounts falling due within one year 7 326,697 323,200
NET CURRENT ASSETS 66,859 77,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,680

114,170

CREDITORS
Amounts falling due after more than one
year

8

(12,236

)

(22,437

)

PROVISIONS FOR LIABILITIES (11,098 ) -
NET ASSETS 129,346 91,733

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 129,344 91,731
129,346 91,733

MDM VEHICLE DELIVERIES LIMITED (REGISTERED NUMBER: 10633633)

BALANCE SHEET - continued
31 MARCH 2024


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 21 October 2024 and were signed on its behalf by:





Miss L E Parratt - Director


MDM VEHICLE DELIVERIES LIMITED (REGISTERED NUMBER: 10633633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

MDM Vehicle Deliveries 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 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 0, is being amortised evenly over its estimated useful life of nil 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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MDM VEHICLE DELIVERIES LIMITED (REGISTERED NUMBER: 10633633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 April 2023 40,000 - 40,000
Additions - 37,960 37,960
At 31 March 2024 40,000 37,960 77,960
AMORTISATION
At 1 April 2023 8,000 - 8,000
Amortisation for year 4,000 1,518 5,518
At 31 March 2024 12,000 1,518 13,518
NET BOOK VALUE
At 31 March 2024 28,000 36,442 64,442
At 31 March 2023 32,000 - 32,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 2,597 19,756 22,353
Additions - 28,200 28,200
At 31 March 2024 2,597 47,956 50,553
DEPRECIATION
At 1 April 2023 2,139 15,567 17,706
Charge for year 229 11,239 11,468
At 31 March 2024 2,368 26,806 29,174
NET BOOK VALUE
At 31 March 2024 229 21,150 21,379
At 31 March 2023 458 4,189 4,647

MDM VEHICLE DELIVERIES LIMITED (REGISTERED NUMBER: 10633633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 185,949 364,301
Other debtors 33,549 549
219,498 364,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 78,750 128,593
Trade creditors 104,288 62,409
Taxation and social security 100,224 74,923
Other creditors 43,435 57,275
326,697 323,200

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,236 22,437