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REGISTERED NUMBER: SC196066 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MDM CREATIONS LTD

MDM CREATIONS LTD (REGISTERED NUMBER: SC196066)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MDM CREATIONS LTD

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTOR: M P Maciocia



SECRETARY: Purple Venture Secretaries Ltd



REGISTERED OFFICE: 3 Castle Court
Carnegie Campus
Dunfermline
KY11 8PB



REGISTERED NUMBER: SC196066 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Bank of Scotland
PO BOX 10
Kirkcaldy
Fife
KY1 3PA



SOLICITORS: Young & Partners
1 George Square
Castle Brae
Dunfermline
Fife
KY11 8QF

MDM CREATIONS LTD (REGISTERED NUMBER: SC196066)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 230,748 251,483
Investments 5 917 40,073
231,665 291,556

CURRENT ASSETS
Stocks 6 12,386 15,711
Debtors 7 6,747 24,415
Cash at bank 105,181 69,140
124,314 109,266
CREDITORS
Amounts falling due within one year 8 53,865 148,681
NET CURRENT ASSETS/(LIABILITIES) 70,449 (39,415 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,114

252,141

PROVISIONS FOR LIABILITIES 31,442 36,625
NET ASSETS 270,672 215,516

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 270,670 215,514
SHAREHOLDERS' FUNDS 270,672 215,516

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.

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 29 May 2025 and were signed by:





M P Maciocia - Director


MDM CREATIONS LTD (REGISTERED NUMBER: SC196066)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION

MDM Creations Ltd is a private company, limited by shares , registered in Scotland. 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 (£), rounded to the nearest £.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and management fees raised, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its useful life.

Land & buildings - Nil whilst asset under construction
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment- 33% on cost

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 material 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.

Other investments
Investments are initially carried at cost and then revalued at fair value at the balance sheet date. Fair value gains net of deferred tax are taken to a revaluation reserve. Fair value losses to the extent they are not exceeded by cumulative gains, remain as a charge against retained earnings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MDM CREATIONS LTD (REGISTERED NUMBER: SC196066)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Improvements
Land & to Plant and
buildings property machinery
£    £    £   
COST
At 1 September 2023 80,715 24,265 303,176
Additions - - 2,700
At 31 August 2024 80,715 24,265 305,876
DEPRECIATION
At 1 September 2023 - - 161,806
Charge for year - - 21,610
At 31 August 2024 - - 183,416
NET BOOK VALUE
At 31 August 2024 80,715 24,265 122,460
At 31 August 2023 80,715 24,265 141,370

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 29,805 40,438 478,399
Additions - - 2,700
At 31 August 2024 29,805 40,438 481,099
DEPRECIATION
At 1 September 2023 25,826 39,284 226,916
Charge for year 995 830 23,435
At 31 August 2024 26,821 40,114 250,351
NET BOOK VALUE
At 31 August 2024 2,984 324 230,748
At 31 August 2023 3,979 1,154 251,483

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 2 40,071 40,073
Additions - 1,353 1,353
Disposals - (52,692 ) (52,692 )
Revaluations - 12,183 12,183
At 31 August 2024 2 915 917
NET BOOK VALUE
At 31 August 2024 2 915 917
At 31 August 2023 2 40,071 40,073

MDM CREATIONS LTD (REGISTERED NUMBER: SC196066)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 August 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 - (4,088 ) (4,088 )
Valuation in 2023 - (621 ) (621 )
Valuation in 2024 - 208 208
Cost 2 5,416 5,418
2 915 917

As of the date the financial statements were approved by the director the market valuation of other investments amounted to £1,978. Subsequent changes in the fair value of the organisation's other investments are not reflected in the financial statements as of 31 August 2024.
.

6. STOCKS
2024 2023
£    £   
Stocks 12,386 15,711

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,851 22,528
Other debtors 1,896 1,887
6,747 24,415

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 196 11,861
Taxation and social security 33,241 47,705
Other creditors 20,428 89,115
53,865 148,681

9. RELATED PARTY DISCLOSURES

Included within Other creditors is a loan due to a company which is a wholly owned subsidiary amounting to £3,873 (2023: £45,254). The loan is unsecured, interest free and repayable on demand.