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Registered number: 4753738

MDR Interiors Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024

Prepared By:
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17 Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH

MDR Interiors Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
Mark Rowan
Benjamin Rowan
David Rowan
Nicholas Rowan
REGISTERED OFFICE
Unit 7 Compass East
Blenheim Way
Liverpool
Merseyside
L24 1YH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4753738
BANKERS
Lloyds Bank plc
ACCOUNTANTS
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17 Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH

MDR Interiors Limited

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MDR Interiors Limited

BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2527,447627,747
CURRENT ASSETS
Stock351,009247,377
Debtors41,204,6591,812,399
Cash at bank and in hand2,860,0862,244,342
4,415,7544,304,118
CREDITORS: Amounts falling due within one year52,789,3283,181,566
NET CURRENT ASSETS1,626,4261,122,552
TOTAL ASSETS LESS CURRENT LIABILITIES2,153,8731,750,299
CREDITORS: Amounts falling due after more than one year647,38082,915
PROVISIONS FOR LIABILITIES AND CHARGES892,136111,906
NET ASSETS2,014,3571,555,478
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account2,014,3561,555,477
SHAREHOLDERS' FUNDS2,014,3571,555,478
For the year ending 31/12/2024 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 decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/05/2025 and signed on their behalf by
.............................
Nicholas Rowan
Director

MDR Interiors Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below.
These financial statements have been prepared in accordance with FRS 102 section 1a- The Financial Reporting Standard applicable in the UK - and the Companies Act 2006.
1b. Depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is calculated to write off the cost of the asset less its residual value over its expected useful life, from the beginning of the year in which the asset is first brought into use, at the following rates. Assets purchased under hire purchase contracts are depreciated in the same way as owned assets. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Short Leasehold Propertiesstraight line10%
Plant And Machineryreducing balance20%
Equipmentreducing balance20%
Motor Carsreducing balance25%

MDR Interiors Limited

1c. Stocks
Stock and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks and work in progress are sold, the carrying amount of those items is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks and work in progress to net realisable value is recognised as an expense in the period in which the write-down occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Leasing Commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.
1f. Leases
Assets obtained under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. Obligations under such agreements are included in creditors net of the finance charges allocated to future periods. The finance charge element of the rental payment is charged to the profit and loss account so as to produce a constant rate of charge on the net obligation outstanding in each period.

MDR Interiors Limited

2. TANGIBLE FIXED ASSETS
Short LeaseholdPlant and
PropertiesMachineryEquipmentMotor CarsTotal
£££££
Cost
At 01/01/202431,244422,97488,892529,5021,072,612
Additions-8,412-55,49063,902
Disposals---(113,181)(113,181)
At 31/12/202431,244431,38688,892471,8111,023,333
Depreciation
At 01/01/202427,279129,96769,643217,976444,865
Disposals---(79,764)(79,764)
For the year3,12435,6183,72488,319130,785
At 31/12/202430,403165,58573,367226,531495,886
Net Book Amounts
At 31/12/2024841265,80115,525245,280527,447
At 31/12/20233,965293,00719,249311,526627,747
3. STOCK 20242023
££
Stock comprises:
Stock raw materials118,034135,881
Work in progress232,975111,496
351,009247,377
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors749,6961,411,316
Other debtors231,611149,328
Prepayments223,352251,755
1,204,6591,812,399

MDR Interiors Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax729,670985,788
Other tax and social security957,375947,994
Net Obligations Finance Leases and Hire Purchase 35,53558,372
Trade creditors592,444591,928
Other creditors474,304597,484
2,789,3283,181,566
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Net Obligations Finance Leases and Hire Purchase >1yr47,38082,915
47,38082,915
7. EMPLOYEES
20242023
No.No.
Average number of employees4545
The average number of employees in both years was 45 (Management 4 Administration 3 Production and Technical 38).

MDR Interiors Limited

8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation92,136111,906
92,136111,906
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
10. CONTROLLING PARTY
The immediate and ultimate parent undertaking and controlling party is MDR Interiors Group Limited (Registered Company number 14597661), which prepares its own financial statements. The registered office of MDR Interiors Group Limited is Unit 7, Compass Industrial Estate, Blenheim Way, Liverpool L24 1YH. The principal activity of MDR Interiors Group Limited is that of a holding company that does not trade.

MDR Interiors Limited

11. GENERAL INFORMATION
The company is incorporated in England, company number 4753738. Its registered office address is Unit 7 Compass East, Blenheim Way, Liverpool L24 1YH. The functional currency of the company is the pound sterling.
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the company continues to adopt the going concern basis of accounting in preparing the financial statements.
12. OTHERCOMMITMENTS
The company has annual leasing commitments on leases due to expire between one and five years of £78,729 (2022 £78,729).
13. EVENTSINCETHEYEAREND
There are no significant events since the year end to report.
14. GUARANTEE
MDR Interiors Limited has guaranteed the performance of MDR Interiors Group Limited in respect of the parent company's obligations under a Share Purchase Agreement until the parent company's liability is paid.
15. CONTINGENT LIABILITIES
At 31 December 2024 there are no contingent liabilitites requiring disclosure.