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REGISTERED NUMBER: 04295769 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

M & D Group Midlands Limited

M & D Group Midlands Limited (Registered number: 04295769)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M & D Group Midlands Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: D R Ellis
M J Davis





SECRETARY: D R Ellis





REGISTERED OFFICE: Unit 21
Enfield Industrial Estate
Redditch
Worcestershire
B97 6BY





REGISTERED NUMBER: 04295769 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

M & D Group Midlands Limited (Registered number: 04295769)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 10,000
Tangible assets 5 116,820 96,766
116,820 106,766

CURRENT ASSETS
Stocks 409,867 120,762
Debtors 290,852 739,356
Cash at bank and in hand 193,545 219,730
894,264 1,079,848
CREDITORS
Amounts falling due within one year 367,975 471,718
NET CURRENT ASSETS 526,289 608,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,109

714,896

CREDITORS
Amounts falling due after more than one
year

(33,972

)

(38,833

)

PROVISIONS FOR LIABILITIES (29,205 ) -
NET ASSETS 579,932 676,063

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6 579,930 676,061
SHAREHOLDERS' FUNDS 579,932 676,063

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Group Midlands Limited (Registered number: 04295769)

Abridged Balance Sheet - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 November 2024 and were signed on its behalf by:





D R Ellis - Director


M & D Group Midlands Limited (Registered number: 04295769)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

M & D Group Midlands Limited 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

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.

M & D Group Midlands Limited (Registered number: 04295769)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 200,000
AMORTISATION
At 1 October 2023 190,000
Amortisation for year 10,000
At 30 September 2024 200,000
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 10,000

M & D Group Midlands Limited (Registered number: 04295769)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 338,239
Additions 62,595
Disposals (63,047 )
At 30 September 2024 337,787
DEPRECIATION
At 1 October 2023 241,473
Charge for year 35,117
Eliminated on disposal (55,623 )
At 30 September 2024 220,967
NET BOOK VALUE
At 30 September 2024 116,820
At 30 September 2023 96,766

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 75,444
Additions 43,000
At 30 September 2024 118,444
DEPRECIATION
At 1 October 2023 28,321
Charge for year 22,531
At 30 September 2024 50,852
NET BOOK VALUE
At 30 September 2024 67,592
At 30 September 2023 47,123

6. RESERVES
Retained
earnings
£   

At 1 October 2023 676,061
Profit for the year 93,869
Dividends (190,000 )
At 30 September 2024 579,930

M & D Group Midlands Limited (Registered number: 04295769)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. RELATED PARTY DISCLOSURES

The company rents premises from the directors of the company. In the period under review rent of £12,000
was paid.

8. ULTIMATE CONTROLLING PARTY

The controlling parties throughout the current period were the directors by virtue of their 100% holding of the issued share capital of the company.