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Registered number: 06552084
MPDH Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Sachdevs
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06552084
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 136,458
Tangible Assets 5 7,288 9,254
7,288 145,712
CURRENT ASSETS
Stocks 6 40,000 40,000
Debtors 7 598,637 479,214
Cash at bank and in hand 5,162 36,622
643,799 555,836
Creditors: Amounts Falling Due Within One Year 8 (269,686 ) (353,340 )
NET CURRENT ASSETS (LIABILITIES) 374,113 202,496
TOTAL ASSETS LESS CURRENT LIABILITIES 381,401 348,208
Creditors: Amounts Falling Due After More Than One Year 9 (27,535 ) (37,794 )
NET ASSETS 353,866 310,414
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 353,766 310,314
SHAREHOLDERS' FUNDS 353,866 310,414
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 Nilesh Popat
Director
14/10/2024
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
MPDH Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06552084 . The registered office is 4 Station Avenue, Tile Hill, Coventry, West Midlands, CV4 9HS.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Goodwill is the difference between amounts paid on the acquisition of a business in 2017, and the fair value of the separable net assets. It is amortised evenly over its estimated economic life of ten years.
2.4. 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:
Motor Vehicles 25% straight line
Fixtures & Fittings 20% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
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 years and items that are never taxable or deductible. The client's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.7. Pensions
The client operates a defined pension contribution scheme. Contributions are charged to the profit And Loss Account income Statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 1,364,611
As at 30 April 2024 1,364,611
Amortisation
As at 1 May 2023 1,228,153
Provided during the period 136,458
As at 30 April 2024 1,364,611
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 136,458
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 2,240 42,194 44,434
As at 30 April 2024 2,240 42,194 44,434
Depreciation
As at 1 May 2023 2,240 32,940 35,180
Provided during the period - 1,966 1,966
As at 30 April 2024 2,240 34,906 37,146
Net Book Value
As at 30 April 2024 - 7,288 7,288
As at 1 May 2023 - 9,254 9,254
6. Stocks
2024 2023
£ £
Stocks 40,000 40,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 134,278 104,652
Amounts owed by group undertakings 319,572 236,978
Other debtors 144,787 137,584
598,637 479,214
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 137,201 136,375
Other creditors 129,507 215,508
Taxation and social security 2,978 1,457
269,686 353,340
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,535 37,794
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5