Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10743545 Mr Martin Tuckey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10743545 2023-04-30 10743545 2024-04-30 10743545 2023-05-01 2024-04-30 10743545 frs-core:CurrentFinancialInstruments 2024-04-30 10743545 frs-core:Non-currentFinancialInstruments 2024-04-30 10743545 frs-core:ComputerEquipment 2024-04-30 10743545 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10743545 frs-core:ComputerEquipment 2023-04-30 10743545 frs-core:FurnitureFittings 2024-04-30 10743545 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10743545 frs-core:FurnitureFittings 2023-04-30 10743545 frs-core:MotorVehicles 2024-04-30 10743545 frs-core:MotorVehicles 2023-05-01 2024-04-30 10743545 frs-core:MotorVehicles 2023-04-30 10743545 frs-core:PlantMachinery 2024-04-30 10743545 frs-core:PlantMachinery 2023-05-01 2024-04-30 10743545 frs-core:PlantMachinery 2023-04-30 10743545 frs-core:ShareCapital 2024-04-30 10743545 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10743545 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10743545 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10743545 frs-bus:SmallEntities 2023-05-01 2024-04-30 10743545 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10743545 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10743545 frs-bus:Director1 2023-05-01 2024-04-30 10743545 1 2023-05-01 2024-04-30 10743545 frs-countries:EnglandWales 2023-05-01 2024-04-30 10743545 2022-04-30 10743545 2023-04-30 10743545 2022-05-01 2023-04-30 10743545 frs-core:CurrentFinancialInstruments 2023-04-30 10743545 frs-core:Non-currentFinancialInstruments 2023-04-30 10743545 frs-core:ShareCapital 2023-04-30 10743545 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10743545 1 2022-05-01 2023-04-30
Registered number: 10743545
MDT Logistics Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Cameron Hysom Ltd
Chartered Management Accountants
10 Cavalry Fields
Weedon
Northampton
Northants
NN7 4TG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10743545
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 176,546 103,764
176,546 103,764
CURRENT ASSETS
Debtors 5 165,987 159,784
Cash at bank and in hand 231,326 353,691
397,313 513,475
Creditors: Amounts Falling Due Within One Year 6 (88,005 ) (139,681 )
NET CURRENT ASSETS (LIABILITIES) 309,308 373,794
TOTAL ASSETS LESS CURRENT LIABILITIES 485,854 477,558
Creditors: Amounts Falling Due After More Than One Year 7 (31,013 ) (54,922 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,544 ) (20,168 )
NET ASSETS 421,297 402,468
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 421,296 402,467
SHAREHOLDERS' FUNDS 421,297 402,468
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Tuckey
Director
15/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MDT Logistics Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10743545 . The registered office is 11 Clock Meadow, Byfield, Northants, NN11 6LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33% Straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Drivers 4 5
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 5,997 164,064 11,035 3,087 184,183
Additions 1,418 152,500 - 912 154,830
Disposals - (47,500 ) - - (47,500 )
As at 30 April 2024 7,415 269,064 11,035 3,999 291,513
Depreciation
As at 1 May 2023 3,652 69,416 4,878 2,473 80,419
Provided during the period 2,213 53,558 2,040 687 58,498
Disposals - (23,950 ) - - (23,950 )
As at 30 April 2024 5,865 99,024 6,918 3,160 114,967
Net Book Value
As at 30 April 2024 1,550 170,040 4,117 839 176,546
As at 1 May 2023 2,345 94,648 6,157 614 103,764
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 98,251 129,158
Prepayments and accrued income 67,177 30,626
Other debtors 417 -
Net wages 142 -
165,987 159,784
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,309 4,142
Bank loans and overdrafts 50,896 45,826
Corporation tax (1,261 ) 33,094
VAT 23,652 55,329
Other creditors - 542
Accruals and deferred income 297 335
Director's loan account 4,112 413
88,005 139,681
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,013 54,922
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Other Information
Some comparitive figures in these accounts have been reallocated due to a change in accounting policy
Page 5