MDG CHAMELEON LTD.

Company Registration Number:
SC536325 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 29 April 2023

End date: 30 April 2024

MDG CHAMELEON LTD.

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

MDG CHAMELEON LTD.

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The principal activity of the company is scientific and technical activities



Directors

The director shown below has held office during the whole of the period from
29 April 2023 to 30 April 2024

Darren McDermott


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
6 May 2025

And signed on behalf of the board by:
Name: Darren McDermott
Status: Director

MDG CHAMELEON LTD.

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 151,404 70,001
Investments:   0 0
Total fixed assets: 151,404 70,001
Current assets
Stocks: 4 75,220 262,113
Debtors: 5 897,352 883,971
Cash at bank and in hand: 101 5,202
Investments:   0 0
Total current assets: 972,673 1,151,286
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 165,561 ) ( 138,753 )
Net current assets (liabilities): 807,112 1,012,533
Total assets less current liabilities: 958,516 1,082,534
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 958,516 1,082,534
Capital and reserves
Called up share capital: 101 101
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 958,415 1,082,433
Total Shareholders' funds: 958,516 1,082,534

The notes form part of these financial statements

MDG CHAMELEON LTD.

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 6 May 2025
and signed on behalf of the board by:

Name: Darren McDermott
Status: Director

The notes form part of these financial statements

MDG CHAMELEON LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Motor Vehicle 25% Reducing balance Office equipment 33% reducing balance

MDG CHAMELEON LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

MDG CHAMELEON LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 29 April 2023 0 0 1,250 0 92,999 94,249
Additions 0 0 0 0 131,898 131,898
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 April 2024 0 0 1,250 0 224,897 226,147
Depreciation
At 29 April 2023 0 0 998 0 23,250 24,248
Charge for year 0 0 83 0 50,412 50,495
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 April 2024 0 0 1,081 0 73,662 74,743
Net book value
At 30 April 2024 0 0 169 0 151,235 151,404
At 28 April 2023 0 0 252 0 69,749 70,001

MDG CHAMELEON LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 2023
£ £
Stocks 75,220 262,113
Payments on account 0 0
Total 75,220 262,113

MDG CHAMELEON LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
£ £
Trade debtors 92,142 81,762
Prepayments and accrued income 187,020 219,020
Other debtors 618,190 583,189
Total 897,352 883,971
Debtors due after more than one year: 0 0

MDG CHAMELEON LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 4,224 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 30,483 4,849
Taxation and social security 40,792 48,942
Accruals and deferred income 9,100 8,000
Other creditors 80,962 76,962
Total 165,561 138,753

MDG CHAMELEON LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Financial Commitments

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.