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REGISTERED NUMBER: 05046725 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2024

for

MCD Office Supplies Ltd

MCD Office Supplies Ltd (Registered number: 05046725)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MCD Office Supplies Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C McDermott
G McDermott





SECRETARY: C McDermott





REGISTERED OFFICE: Unit 15
Hassocks Wood
Stroudley Road
Basingstoke
Hampshire
RG24 8UQ





REGISTERED NUMBER: 05046725 (England and Wales)





ACCOUNTANTS: Sherringtons
Chartered Certified Accountants
South Building
Upper Farm
Wootton St Lawrence
Basingstoke
Hampshire
RG23 8PE

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MCD Office Supplies Ltd

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 Statement of Comprehensive Income 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 MCD Office Supplies Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of MCD Office Supplies Ltd, 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 MCD Office Supplies Ltd and state those matters that we have agreed to state to the Board of Directors of MCD Office Supplies Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MCD Office Supplies Ltd 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 MCD Office Supplies Ltd. You consider that MCD Office Supplies Ltd 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 MCD Office Supplies Ltd. 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.






Sherringtons
Chartered Certified Accountants
South Building
Upper Farm
Wootton St Lawrence
Basingstoke
Hampshire
RG23 8PE


20 November 2024

MCD Office Supplies Ltd (Registered number: 05046725)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,533 18,248
Investments 5 - 31,115
13,533 49,363

CURRENT ASSETS
Stocks 6,700 6,600
Debtors 6 136,033 156,116
Cash at bank and in hand 81,439 148,813
224,172 311,529
CREDITORS
Amounts falling due within one year 7 (171,195 ) (231,730 )
NET CURRENT ASSETS 52,977 79,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,510

129,162

CREDITORS
Amounts falling due after more than one
year

8

(9,955

)

(17,239

)

PROVISIONS FOR LIABILITIES 11 (3,247 ) (6,273 )
NET ASSETS 53,308 105,650

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 52,308 104,650
SHAREHOLDERS' FUNDS 53,308 105,650

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.

MCD Office Supplies Ltd (Registered number: 05046725)

Balance Sheet - continued
31 March 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 20 November 2024 and were signed on its behalf by:




C McDermott - Director



G McDermott - Director


MCD Office Supplies Ltd (Registered number: 05046725)

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

1. STATUTORY INFORMATION

MCD Office Supplies Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the sale of goods, excluding value added tax. Turnover is recognised when the goods are invoiced which is after they have been delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost and 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.

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 6 (2023 - 7 ) .

MCD Office Supplies Ltd (Registered number: 05046725)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 6,207 17,640 32,423 56,270
Disposals - - (1,660 ) (1,660 )
At 31 March 2024 6,207 17,640 30,763 54,610
DEPRECIATION
At 1 April 2023 6,207 16,894 14,921 38,022
Charge for year - 191 4,326 4,517
Eliminated on disposal - - (1,462 ) (1,462 )
At 31 March 2024 6,207 17,085 17,785 41,077
NET BOOK VALUE
At 31 March 2024 - 555 12,978 13,533
At 31 March 2023 - 746 17,502 18,248

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 31,115
Disposals (31,115 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 31,115

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2016 8,226
Valuation in 2017 29,203
Valuation in 2018 (9,703 )
Valuation in 2019 (4,738 )
Valuation in 2020 (17,441 )
Valuation in 2021 24,980
Valuation in 2022 (18,529 )
Valuation in 2023 19,117
31,115

The company's investment portfolio, which includes listed investments and cash balances, has been measured at fair value in the current year with deferred taxation recognised in accordance with the requirements of FRS102.

MCD Office Supplies Ltd (Registered number: 05046725)

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 130,212 146,626
Other debtors 5,821 9,490
136,033 156,116

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 7,284 6,567
Trade creditors 107,218 145,652
Taxation and social security 56,066 70,042
Other creditors 627 9,469
171,195 231,730

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 9,955 17,239

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 7,284 6,567
Between one and five years 9,955 17,239
17,239 23,806

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 5,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 17,239 23,806

Hire purchase contracts are secured on the assets so financed.

MCD Office Supplies Ltd (Registered number: 05046725)

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

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 3,247 4,589
Other timing differences - 1,684
3,247 6,273

Deferred
tax
£   
Balance at 1 April 2023 6,273
Accelerated capital allowances (1,342 )
Fair value revaluation (1,684 )
Balance at 31 March 2024 3,247