Company Registration No. 14952181 (England and Wales)
MDG Planning Ltd
Unaudited accounts
for the period from 22 June 2023 to 31 May 2024
MDG Planning Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
41,923
Creditors: amounts falling due within one year
(10,870)
Total assets less current liabilities
33,605
Provisions for liabilities
Called up share capital
100
Profit and loss account
33,376
Shareholders' funds
33,476
For the period ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Hannah Robins
Director
Company Registration No. 14952181
MDG Planning Ltd
Notes to the Accounts
for the period from 22 June 2023 to 31 May 2024
MDG Planning Ltd is a private company, limited by shares, registered in England and Wales, registration number 14952181. The registered office is 1 Blandford Road, Leamington Spa, Warks, CV43 6BH.
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.
These financial statements for the period from 22 June 2023 to 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 22 June 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MDG Planning Ltd
Notes to the Accounts
for the period from 22 June 2023 to 31 May 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
247
6
Creditors: amounts falling due within one year
2024
Taxes and social security
8,996
Loans from directors
1,578
Accelerated capital allowances
129
Provision at start of period
129
Provision at end of period
129
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50 Ordinary B shares of £1 each
50
MDG Planning Ltd
Notes to the Accounts
for the period from 22 June 2023 to 31 May 2024
9
Average number of employees
During the period the average number of employees was 0.