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REGISTERED NUMBER: 09593908 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

MD SAFETY MANAGEMENT LIMITED

MD SAFETY MANAGEMENT LIMITED (REGISTERED NUMBER: 09593908)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MD SAFETY MANAGEMENT LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr M S Mulholland
Mr G Davies





REGISTERED OFFICE: Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG





REGISTERED NUMBER: 09593908 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MD Safety Management 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 Balance Sheet. 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 MD Safety Management Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet 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 MD Safety Management 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 MD Safety Management Limited and state those matters that we have agreed to state to the Board of Directors of MD Safety Management 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 MD Safety Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MD Safety Management 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 MD Safety Management Limited. You consider that MD Safety Management 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 MD Safety Management 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.






Butterworth Barlow
Chartered Accountants
Liverpool


22 October 2024

MD SAFETY MANAGEMENT LIMITED (REGISTERED NUMBER: 09593908)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 55,000 60,000
Tangible assets 5 737 600
55,737 60,600

CURRENT ASSETS
Debtors 6 20,252 16,469
Cash at bank 39,301 17,947
59,553 34,416
CREDITORS
Amounts falling due within one year 7 114,785 94,367
NET CURRENT LIABILITIES (55,232 ) (59,951 )
TOTAL ASSETS LESS CURRENT LIABILITIES 505 649

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 405 549
SHAREHOLDERS' FUNDS 505 649

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

MD SAFETY MANAGEMENT LIMITED (REGISTERED NUMBER: 09593908)

Balance Sheet - continued
31 August 2024


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 22 October 2024 and were signed on its behalf by:




Mr M S Mulholland - Director



Mr G Davies - Director


MD SAFETY MANAGEMENT LIMITED (REGISTERED NUMBER: 09593908)

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


1. STATUTORY INFORMATION

MD Safety Management 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 2015, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Office equipment - 25% 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 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.

MD SAFETY MANAGEMENT LIMITED (REGISTERED NUMBER: 09593908)

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


2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 100,000
AMORTISATION
At 1 September 2023 40,000
Charge for year 5,000
At 31 August 2024 45,000
NET BOOK VALUE
At 31 August 2024 55,000
At 31 August 2023 60,000

MD SAFETY MANAGEMENT LIMITED (REGISTERED NUMBER: 09593908)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 150 9,140 9,290
Additions 130 753 883
At 31 August 2024 280 9,893 10,173
DEPRECIATION
At 1 September 2023 64 8,626 8,690
Charge for year 70 676 746
At 31 August 2024 134 9,302 9,436
NET BOOK VALUE
At 31 August 2024 146 591 737
At 31 August 2023 86 514 600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 20,252 16,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 243 75
Tax 27,710 21,472
VAT 2,641 3,836
Directors' current accounts 74,593 59,720
Accrued expenses 9,598 9,264
114,785 94,367

MD SAFETY MANAGEMENT LIMITED (REGISTERED NUMBER: 09593908)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100