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MDSTYLING UK LIMITED

Registered Number
12677548
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

MDSTYLING UK LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

SCHOLTIS, Monica Gerarda

Registered Address

324 Olympic House 28-42 Clements Road
Ilford
IG1 1BA

Registered Number

12677548 (England and Wales)
MDSTYLING UK LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,9213,287
14,9213,287
Current assets
Stocks41,300900
Debtors6,3716,169
Cash at bank and on hand8,4665,372
16,13712,441
Creditors amounts falling due within one year5(2,571)(4,078)
Net current assets (liabilities)13,5668,363
Total assets less current liabilities28,48711,650
Creditors amounts falling due after one year(19,489)(8,106)
Net assets8,9983,544
Capital and reserves
Called up share capital11
Profit and loss account8,9973,543
Shareholders' funds8,9983,544
The financial statements were approved and authorised for issue by the Director on 28 March 2025, and are signed on its behalf by:
SCHOLTIS, Monica Gerarda
Director
Registered Company No. 12677548
MDSTYLING UK LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Office Equipment - 5 years straight line

Reducing balance (%)Straight line (years)
Vehicles20-
Office Equipment-20
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 July 23-4,7804,780
Additions15,417-15,417
At 30 June 2415,4174,78020,197
Depreciation and impairment
At 01 July 23-1,4931,493
Charge for year2,8269573,783
At 30 June 242,8262,4505,276
Net book value
At 30 June 2412,5912,33014,921
At 30 June 23-3,2873,287
4.Stocks

2024

2023

££
Finished goods1,300900
Total1,300900
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-1,793
Taxation and social security2,5712,285
Total2,5714,078
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.
6.Related party transactions
As of the financial year-end, the company owed £19,489.19 to the director.