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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
Page
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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
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MD1 Removals Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,066 
16,380 
Current assets
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 
Net assets
23,776 
26,820 
Capital and reserves
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
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MD1 Removals Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
Other tangible fixed assets
25%
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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 
Additions
- 
- 
1,041 
1,041 
At 31 July 2024
1,960 
21,200 
1,041 
24,201 
Depreciation
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 
Net book value
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 
£ 
£ 
VAT
3,820 
13,147 
Trade creditors
123 
- 
Taxes and social security
(8,038)
2,973 
Other creditors
- 
4,194 
Loans from directors
947 
794 
(3,148)
21,108 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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