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REGISTERED NUMBER: 02641017 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

M D L KELEX LTD

M D L KELEX LTD (REGISTERED NUMBER: 02641017)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M D L KELEX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: B M Taylor
Mrs A Taylor





REGISTERED OFFICE: Unit 16
Stroudwater Business Park
Stonehouse
Stroud
Gloucestershire
GL10 3SX





REGISTERED NUMBER: 02641017 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

M D L KELEX LTD (REGISTERED NUMBER: 02641017)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,667 16,667
Tangible assets 5 28,563 35,023
41,230 51,690

CURRENT ASSETS
Stocks 81,822 82,745
Debtors 6 300,172 292,659
Cash at bank 50,117 83,540
432,111 458,944
CREDITORS
Amounts falling due within one year 7 400,950 388,977
NET CURRENT ASSETS 31,161 69,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,391

121,657

PROVISIONS FOR LIABILITIES 7,147 10,774
NET ASSETS 65,244 110,883

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 65,242 110,881
65,244 110,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

M D L KELEX LTD (REGISTERED NUMBER: 02641017)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





B M Taylor - Director


M D L KELEX LTD (REGISTERED NUMBER: 02641017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

M D L Kelex Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

M D L KELEX LTD (REGISTERED NUMBER: 02641017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 212,186
AMORTISATION
At 1 May 2023 195,519
Charge for year 4,000
At 30 April 2024 199,519
NET BOOK VALUE
At 30 April 2024 12,667
At 30 April 2023 16,667

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 238,676
DEPRECIATION
At 1 May 2023 203,653
Charge for year 6,460
At 30 April 2024 210,113
NET BOOK VALUE
At 30 April 2024 28,563
At 30 April 2023 35,023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 121,982 164,469
Amounts owed by group undertakings 128,190 128,190
Other debtors 50,000 -
300,172 292,659

M D L KELEX LTD (REGISTERED NUMBER: 02641017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 54,637 34,309
Amounts owed to group undertakings 217,430 217,430
Taxation and social security 21,064 25,009
Other creditors 107,819 112,229
400,950 388,977

8. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is MDL Kelex Group Limited, company number 12212449, incorporated in England & Wales. The company is under the control of Mr B Taylor by virtue of his majority shareholding in the ultimate parent undertaking.