Company Registration No. 13508216 (England and Wales)
MD1 Removals Ltd
Unaudited accounts
for the year ended 31 July 2024
MD1 Removals Ltd
Unaudited accounts
Contents
MD1 Removals Ltd
Company Information
for the year ended 31 July 2024
Director
Iftimi Daniel Iulian
Company Number
13508216 (England and Wales)
Registered Office
382 ICKNIELD WAY
LUTON
LU3 2JX
ENGLAND
Accountants
Zenith Accounting & Bookkeeping Services
256 Martin Way
Morden
Surrey
London
SM4 4AW
MD1 Removals Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
13,066
16,380
Cash at bank and in hand
7,562
31,548
Creditors: amounts falling due within one year
3,148
(21,108)
Net current assets
10,710
10,440
Called up share capital
1
1
Profit and loss account
23,775
26,819
Shareholders' funds
23,776
26,820
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 23 October 2024 and were signed on its behalf by
Iftimi Daniel Iulian
Director
Company Registration No. 13508216
MD1 Removals Ltd
Notes to the Accounts
for the year ended 31 July 2024
MD1 Removals Ltd is a private company, limited by shares, registered in England and Wales, registration number 13508216. The registered office is 382 ICKNIELD WAY, LUTON, LU3 2JX, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Other tangible fixed assets
25%
MD1 Removals Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
1,960
21,200
-
23,160
At 31 July 2024
1,960
21,200
1,041
24,201
At 1 August 2023
490
6,290
-
6,780
Charge for the year
367
3,728
260
4,355
At 31 July 2024
857
10,018
260
11,135
At 31 July 2024
1,103
11,182
781
13,066
At 31 July 2023
1,470
14,910
-
16,380
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(8,038)
2,973
Loans from directors
947
794
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).