MDYH Limited 13290823 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is design and brand agency. Digita Accounts Production Advanced 6.30.9574.0 true 13290823 2023-04-01 2024-03-31 13290823 2024-03-31 13290823 bus:OrdinaryShareClass1 2024-03-31 13290823 core:CurrentFinancialInstruments 2024-03-31 13290823 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13290823 core:FurnitureFittingsToolsEquipment 2024-03-31 13290823 bus:SmallEntities 2023-04-01 2024-03-31 13290823 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13290823 bus:FullAccounts 2023-04-01 2024-03-31 13290823 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13290823 bus:RegisteredOffice 2023-04-01 2024-03-31 13290823 bus:Director1 2023-04-01 2024-03-31 13290823 bus:Director2 2023-04-01 2024-03-31 13290823 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13290823 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13290823 core:ComputerEquipment 2023-04-01 2024-03-31 13290823 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 13290823 core:OfficeEquipment 2023-04-01 2024-03-31 13290823 countries:England 2023-04-01 2024-03-31 13290823 2023-03-31 13290823 core:FurnitureFittingsToolsEquipment 2023-03-31 13290823 2022-04-01 2023-03-31 13290823 2023-03-31 13290823 bus:OrdinaryShareClass1 2023-03-31 13290823 core:CurrentFinancialInstruments 2023-03-31 13290823 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13290823 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13290823

MDYH Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

MDYH Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

MDYH Limited

Company Information

Directors

Mr Maxime Delalande

Ms Yino Huan

Registered office

Flat 44 Jackman Street
London
E8 4QY

Accountants

Atek Accounting Solutions Ltd
111 Queens Road
Weybridge
Surrey
KT13 9UN

 

MDYH Limited

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Maxime Delalande

Ms Yino Huan

Principal activity

The principal activity of the company is design and brand agency.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 2 December 2024 and signed on its behalf by:
 

.........................................
Mr Maxime Delalande
Director

 

MDYH Limited

(Registration number: 13290823)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

649

929

Current assets

 

Debtors

5

5,004

15,462

Cash at bank and in hand

 

158,508

120,688

 

163,512

136,150

Creditors: Amounts falling due within one year

6

(43,957)

(28,620)

Net current assets

 

119,555

107,530

Net assets

 

120,204

108,459

Capital and reserves

 

Called up share capital

7

120

100

Retained earnings

120,084

108,359

Shareholders' funds

 

120,204

108,459

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 December 2024 and signed on its behalf by:
 

.........................................
Mr Maxime Delalande
Director

 

MDYH Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Flat 44 Jackman Street
London
E8 4QY
United Kingdom

These financial statements were authorised for issue by the Board on 2 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

MDYH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Computer equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

MDYH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 2).

 

MDYH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

1,652

1,652

Additions

133

133

At 31 March 2024

1,785

1,785

Depreciation

At 1 April 2023

723

723

Charge for the year

413

413

At 31 March 2024

1,136

1,136

Carrying amount

At 31 March 2024

649

649

At 31 March 2023

929

929

5

Debtors

Current

2024
£

2023
£

Trade debtors

3,044

14,882

Prepayments

1,714

580

Other debtors

246

-

 

5,004

15,462

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

373

-

Taxation and social security

10,042

24,201

Accruals and deferred income

30,000

-

Other creditors

3,542

4,419

43,957

28,620

 

MDYH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors (continued)

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100