Registered number
05083634
M D CARS LIMITED
Report and Accounts
30 April 2025
M D CARS LIMITED
Registered number: 05083634
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 38,065 10,138
Current assets
Stocks 123,412 160,125
Debtors 4 1,813 1,805
Cash at bank and in hand 422,572 475,351
547,797 637,281
Creditors: amounts falling due within one year 5 (57,476) (50,409)
Net current assets 490,321 586,872
Total assets less current liabilities 528,386 597,010
Creditors: amounts falling due after more than one year 6 (7,397) -
Provisions for liabilities (7,232) (1,926)
Net assets 513,757 595,084
Capital and reserves
Called up share capital 2 2
Profit and loss account 513,755 595,082
Shareholders' funds 513,757 595,084
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M K Daley
Director
Approved by the board on 20 May 2025
M D CARS LIMITED
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment straight line over 4 years
Motor vehicles 25% reducing balance
Plant and machinery 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2024 4,692 26,534 16,344 47,570
Additions - - 39,099 39,099
At 30 April 2025 4,692 26,534 55,443 86,669
Depreciation
At 1 May 2024 4,026 17,844 15,562 37,432
Charge for the year 333 869 9,970 11,172
At 30 April 2025 4,359 18,713 25,532 48,604
Net book value
At 30 April 2025 333 7,821 29,911 38,065
At 30 April 2024 666 8,690 782 10,138
4 Debtors 2025 2024
£ £
Other debtors 1,813 1,805
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 5,221 -
Trade creditors 2,390 13,729
Taxation and social security costs 7,465 26,023
Other creditors 42,400 10,657
57,476 50,409
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 7,397 -
7 Other information
M D CARS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
105 Redbrook Road
Barnsley
South Yorkshire
S75 2RG
M D CARS LIMITED 05083634 false 2024-05-01 2025-04-30 2025-04-30 VT Final Accounts April 2025 M K Daley No description of principal activity 05083634 2023-05-01 2024-04-30 05083634 core:WithinOneYear 2024-04-30 05083634 core:AfterOneYear 2024-04-30 05083634 core:ShareCapital 2024-04-30 05083634 core:RetainedEarningsAccumulatedLosses 2024-04-30 05083634 2024-05-01 2025-04-30 05083634 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05083634 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 05083634 bus:Director40 2024-05-01 2025-04-30 05083634 1 2024-05-01 2025-04-30 05083634 2 2024-05-01 2025-04-30 05083634 core:LandBuildings 2024-05-01 2025-04-30 05083634 core:PlantMachinery 2024-05-01 2025-04-30 05083634 core:Vehicles 2024-05-01 2025-04-30 05083634 countries:England 2024-05-01 2025-04-30 05083634 bus:FRS102 2024-05-01 2025-04-30 05083634 bus:FilletedAccounts 2024-05-01 2025-04-30 05083634 2025-04-30 05083634 core:WithinOneYear 2025-04-30 05083634 core:AfterOneYear 2025-04-30 05083634 core:ShareCapital 2025-04-30 05083634 core:LandBuildings 2025-04-30 05083634 core:PlantMachinery 2025-04-30 05083634 core:Vehicles 2025-04-30 05083634 2024-04-30 05083634 core:LandBuildings 2024-04-30 05083634 core:PlantMachinery 2024-04-30 05083634 core:Vehicles 2024-04-30 iso4217:GBP xbrli:pure