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Company Registration No. 11555969 (England and Wales)
MDES Contract Services Ltd Unaudited accounts for the year ended 30 September 2024
MDES Contract Services Ltd Unaudited accounts Contents
Page
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MDES Contract Services Ltd Company Information for the year ended 30 September 2024
Director
Michael Sullivan
Company Number
11555969 (England and Wales)
Registered Office
White House Farm Manor Lane, Broadholme Lincoln Lincolnshire LN1 2NA UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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MDES Contract Services Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
118,159 
83,388 
Current assets
Debtors
9,000 
- 
Cash at bank and in hand
70,529 
22,131 
79,529 
22,131 
Creditors: amounts falling due within one year
(64,186)
(38,155)
Net current assets/(liabilities)
15,343 
(16,024)
Total assets less current liabilities
133,502 
67,364 
Creditors: amounts falling due after more than one year
(27,890)
(45,161)
Provisions for liabilities
Deferred tax
(28,368)
(16,983)
Net assets
77,244 
5,220 
Capital and reserves
Called up share capital
125 
125 
Revaluation reserve
17,641 
17,641 
Profit and loss account
59,478 
(12,546)
Shareholders' funds
77,244 
5,220 
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2025 and were signed on its behalf by
Michael Sullivan Director Company Registration No. 11555969
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MDES Contract Services Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
MDES Contract Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11555969. The registered office is White House Farm, Manor Lane, Broadholme, Lincoln, Lincolnshire, LN1 2NA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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MDES Contract Services Ltd Notes to the Accounts for the year ended 30 September 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
91,541 
86,885 
1,178 
179,604 
Additions
- 
58,000 
- 
58,000 
Disposals
- 
(24,995)
- 
(24,995)
At 30 September 2024
91,541 
119,890 
1,178 
212,609 
Depreciation
At 1 October 2023
47,997 
47,644 
575 
96,216 
Charge for the year
8,709 
6,210 
120 
15,039 
On disposals
- 
(16,805)
- 
(16,805)
At 30 September 2024
56,706 
37,049 
695 
94,450 
Net book value
At 30 September 2024
34,835 
82,841 
483 
118,159 
At 30 September 2023
43,544 
39,241 
603 
83,388 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
2,904 
10,040 
- Motor vehicles
44,866 
28,004 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
9,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
27,466 
1,650 
Obligations under finance leases and hire purchase contracts
28,382 
9,956 
Taxes and social security
38,321 
15,623 
Loans from directors
(40,483)
426 
Accruals
500 
500 
64,186 
38,155 
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MDES Contract Services Ltd Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,500 
17,500 
Obligations under finance leases and hire purchase contracts
20,390 
27,661 
27,890 
45,161 
Bounce Back Loan (Government Secured) Remaining balance of: £7,500 representing 9 months Hire Purchase Agreements 2yrs - 5yrs £20,390
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
28,368 
16,983 
2024 
2023 
£ 
£ 
Provision at start of year
16,983 
20,122 
Charged/(credited) to the profit and loss account
11,385 
(3,139)
Provision at end of year
28,368 
16,983 
A deferred taxation reserve has been created in the period of some £11,385 in addition to the prior year reserve totalling a cumulative reserve of: £28,368 This reserve has been created due to accelerated capital allowances, which will reverse in future periods creating a tax liability at the prevailing rate on the day.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares "A" Class of £1 each
100 
100 
25 Ordinary shares "B" Class of £1 each
25 
25 
125 
125 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Michael Sullivan
Unsecured Loan
426 
(40,909)
- 
(40,483)
426 
(40,909)
- 
(40,483)
This loan to be repaid within 9 months of the year end being September 30th 2024.
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MDES Contract Services Ltd Notes to the Accounts for the year ended 30 September 2024
11
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees 
Amount paid and liability incurred 
£ 
£ 
Michael Sullivan
Supported Bank Guarantee
100,000 
- 
100,000 
- 
A fixed and floating charge across all assets has been placed on the company by Nat West Bank Ltd on: June 15th 2023 supporting facilities to Mr Michael Sullivan. In addition a personal guarantee from Mr Michael Sullivan is in place to the value of £100,000 as at the balance sheet date.
12
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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