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REGISTERED NUMBER: 10329319 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MDL PLANT LTD

MDL PLANT LTD (REGISTERED NUMBER: 10329319)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MDL PLANT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: P S J Snow





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: 10329319 (England and Wales)





ACCOUNTANTS: Streets Hackett Griffey LLP
Accountants & Business Advisers
31 High Street
Haverhill
Suffolk
CB9 8AD

MDL PLANT LTD (REGISTERED NUMBER: 10329319)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 786,738 768,939
Investments 5 512,650 -
1,299,388 768,939

CURRENT ASSETS
Stocks 498,951 456,798
Debtors 6 133,827 528,937
Cash at bank 841,101 1,006,485
1,473,879 1,992,220
CREDITORS
Amounts falling due within one year 7 394,030 681,160
NET CURRENT ASSETS 1,079,849 1,311,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,379,237

2,079,999

CREDITORS
Amounts falling due after more than one
year

8

(621,537

)

(488,045

)

PROVISIONS FOR LIABILITIES (199,444 ) (192,234 )
NET ASSETS 1,558,256 1,399,720

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,558,254 1,399,718
SHAREHOLDERS' FUNDS 1,558,256 1,399,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MDL PLANT LTD (REGISTERED NUMBER: 10329319)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





P S J Snow - Director


MDL PLANT LTD (REGISTERED NUMBER: 10329319)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

MDL Plant 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

MDL PLANT LTD (REGISTERED NUMBER: 10329319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 35,775 1,139,698 1,175,473
Additions 11,034 467,936 478,970
Disposals - (397,170 ) (397,170 )
At 31 August 2024 46,809 1,210,464 1,257,273
DEPRECIATION
At 1 September 2023 17,398 389,136 406,534
Charge for year 7,353 254,898 262,251
Eliminated on disposal - (198,250 ) (198,250 )
At 31 August 2024 24,751 445,784 470,535
NET BOOK VALUE
At 31 August 2024 22,058 764,680 786,738
At 31 August 2023 18,377 750,562 768,939

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 512,650
At 31 August 2024 512,650
NET BOOK VALUE
At 31 August 2024 512,650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90,214 512,567
Other debtors 43,613 16,370
133,827 528,937

MDL PLANT LTD (REGISTERED NUMBER: 10329319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,998
Hire purchase contracts 228,548 196,894
Trade creditors 63,529 83,476
Taxation and social security 79,121 187,015
Other creditors 12,832 203,777
394,030 681,160

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,165 19,167
Hire purchase contracts 562,372 418,878
Other creditors 50,000 50,000
621,537 488,045

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 790,920 615,772