Registered number
08543888
MDR AUTOS LIMITED
Filleted Accounts
30 June 2024
MDR AUTOS LIMITED
Registered number: 08543888
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 264,963 223,180
Current assets
Stocks 9,520 9,520
Debtors 5 96,273 3,739
Cash at bank and in hand 155,305 259,968
261,098 273,227
Creditors: amounts falling due within one year 6 (34,085) (60,279)
Net current assets 227,013 212,948
Total assets less current liabilities 491,976 436,128
Creditors: amounts falling due after more than one year 7 (19,891) (29,899)
Provisions for liabilities (12,937) (3,480)
Net assets 459,148 402,749
Capital and reserves
Called up share capital 100 100
Profit and loss account 459,048 402,649
Shareholders' funds 459,148 402,749
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Robinson
Director
Approved by the board on 19 November 2024
MDR AUTOS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 250,000
At 30 June 2024 250,000
Amortisation
At 1 July 2023 250,000
At 30 June 2024 250,000
Net book value
At 30 June 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 201,096 75,841 35,386 312,323
Additions - - 62,624 62,624
At 30 June 2024 201,096 75,841 98,010 374,947
Depreciation
At 1 July 2023 3,797 58,772 26,574 89,143
Charge for the year 422 2,560 17,859 20,841
At 30 June 2024 4,219 61,332 44,433 109,984
Net book value
At 30 June 2024 196,877 14,509 53,577 264,963
At 30 June 2023 197,299 17,069 8,812 223,180
5 Debtors 2024 2023
£ £
Trade debtors - 239
Prepayments 3,500 3,500
Other debtors 92,773 -
96,273 3,739
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 3,029
Trade creditors 15,206 239
Taxation and social security costs 15,714 40,553
Directors Account - 12,693
Accruals 3,165 3,765
34,085 60,279
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,891 -
Obligations under finance lease and hire purchase contracts - 29,899
19,891 29,899
8 Other information
MDR AUTOS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
114b Manchester Road
Mossley
Lancashire
OL5 9AY
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