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Company Registration No. 12657594 (England and Wales)
MD COMMUNICATIONZ LTD Financial Statements for the year ended 30 June 2024
MD COMMUNICATIONZ LTD Financial Statements Contents
Page
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MD COMMUNICATIONZ LTD Company Information for the year ended 30 June 2024
Director
Mr Waqas Shafiq
Company Number
12657594 (England and Wales)
Registered Office
6 RHYDDWEN ROAD CRAIG-CEFN-PARC SWANSEA SA6 5RA WALES
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MD COMMUNICATIONZ LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,136 
6,140 
Current assets
Inventories
16,825 
23,750 
Cash at bank and in hand
19,124 
21,289 
35,949 
45,039 
Creditors: amounts falling due within one year
(3,951)
(4,741)
Net current assets
31,998 
40,298 
Total assets less current liabilities
35,134 
46,438 
Creditors: amounts falling due after more than one year
(15,459)
(25,159)
Net assets
19,675 
21,279 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,674 
21,278 
Shareholders' funds
19,675 
21,279 
For the year ending 30 June 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 28 November 2024 and were signed on its behalf by
Mr Waqas Shafiq Director Company Registration No. 12657594
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MD COMMUNICATIONZ LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MD COMMUNICATIONZ LTD is a private company, limited by shares, registered in England and Wales, registration number 12657594. The registered office is 6 RHYDDWEN ROAD, CRAIG-CEFN-PARC, SWANSEA, SA6 5RA, WALES.
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.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
18,186 
Additions
2,057 
At 30 June 2024
20,243 
Depreciation
At 1 July 2023
12,046 
Charge for the year
5,061 
At 30 June 2024
17,107 
Net book value
At 30 June 2024
3,136 
At 30 June 2023
6,140 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
3,951 
4,741 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
15,459 
25,159 
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MD COMMUNICATIONZ LTD Notes to the Accounts for the year ended 30 June 2024
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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