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REGISTERED NUMBER: 04530831 (England and Wales)














M D Market Deeping Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024






M D Market Deeping Ltd (Registered number: 04530831)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


M D Market Deeping Ltd

Company Information
for the Year Ended 30 September 2024







Directors: D Davis
S Davis





Registered office: Monica House
St Augustines Road
Wisbech
Cambs
PE13 3AD





Business address: 16 Percheron Drive
Spalding
Lincolnshire
PE11 3GH





Registered number: 04530831 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M D Market Deeping Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M D Market Deeping Ltd for the year ended 30 September 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M D Market Deeping Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M D Market Deeping Ltd and state those matters that we have agreed to state to the Board of Directors of M D Market Deeping Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M D Market Deeping Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M D Market Deeping Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M D Market Deeping Ltd. You consider that M D Market Deeping Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M D Market Deeping Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


16 April 2025

M D Market Deeping Ltd (Registered number: 04530831)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 5 - 2,000
Tangible assets 6 37,902 47,765
37,902 49,765

Current assets
Stocks 2,000 2,000
Debtors 7 18,483 23,904
Cash at bank 101,126 95,451
121,609 121,355
Creditors
Amounts falling due within one year 8 22,332 16,725
Net current assets 99,277 104,630
Total assets less current liabilities 137,179 154,395

Creditors
Amounts falling due after more than one
year

9

(19,215

)

(23,332

)

Provisions for liabilities (9,476 ) (11,941 )
Net assets 108,488 119,122

Capital and reserves
Called up share capital 106 106
Retained earnings 108,382 119,016
108,488 119,122

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 Market Deeping Ltd (Registered number: 04530831)

Statement of Financial Position - 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 April 2025 and were signed on its behalf by:





D Davis - Director


M D Market Deeping Ltd (Registered number: 04530831)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. Statutory information

M D Market Deeping 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 2003, 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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.


M D Market Deeping Ltd (Registered number: 04530831)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 40,000
Amortisation
At 1 October 2023 38,000
Amortisation for year 2,000
At 30 September 2024 40,000
Net book value
At 30 September 2024 -
At 30 September 2023 2,000

M D Market Deeping Ltd (Registered number: 04530831)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


6. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 October 2023 46,159 37,018 83,177
Disposals (1,895 ) - (1,895 )
At 30 September 2024 44,264 37,018 81,282
Depreciation
At 1 October 2023 29,242 6,170 35,412
Charge for year 1,795 7,712 9,507
Eliminated on disposal (1,539 ) - (1,539 )
At 30 September 2024 29,498 13,882 43,380
Net book value
At 30 September 2024 14,766 23,136 37,902
At 30 September 2023 16,917 30,848 47,765

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 16,311 20,646
Other debtors - 1,552
Prepayments and accrued income 2,172 1,706
18,483 23,904

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 4,117 3,923
Trade creditors 8,069 8,432
Tax 6,818 1,408
Social security and other taxes 37 37
VAT 1,282 925
Directors' loan accounts 9 -
Accrued expenses 2,000 2,000
22,332 16,725

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 19,215 23,332

10. Related party disclosures

During the year the directors provided a loan to the company, which is unsecured, interest free and repayable on demand. At the balance sheet date the amount owed was £9 (2023: £0)