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COMPANY REGISTRATION NUMBER: 05690097
MDM Consultants Ltd
Filleted Unaudited Financial Statements
For the year ended
31 March 2025
MDM Consultants Ltd
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
28,842
42,095
Current assets
Debtors
6
12,420
19,687
Cash at bank and in hand
40,636
26,839
--------
--------
53,056
46,526
Creditors: amounts falling due within one year
7
39,494
27,273
--------
--------
Net current assets
13,562
19,253
--------
--------
Total assets less current liabilities
42,404
61,348
Creditors: amounts falling due after more than one year
8
28,644
49,472
Provisions
Deferred taxation
7,210
10,524
--------
--------
Net assets
6,550
1,352
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
5,550
352
-------
-------
Shareholders funds
6,550
1,352
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MDM Consultants Ltd
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 11 June 2025 , and are signed on behalf of the board by:
M D L Martin
Director
Company registration number: 05690097
MDM Consultants Ltd
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Lower Thames Street, London, EC3R 6AF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered and invoiced during the year, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease payments are apportioned between the finance charges and reduction of the outstanding lease or hire purchase liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
The company makes contributions to the personal pension schemes of the director and certain employees. The annual contributions payable are recognised as an expense in the period in which the related services are provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 6 ).
5. Tangible assets
Motor vehicles
Office equipment
Total
£
£
£
Cost
At 1 April 2024
39,990
28,615
68,605
Disposals
( 20,226)
( 20,226)
--------
--------
--------
At 31 March 2025
39,990
8,389
48,379
--------
--------
--------
Depreciation
At 1 April 2024
1,666
24,844
26,510
Charge for the year
9,581
3,673
13,254
Disposals
( 20,227)
( 20,227)
--------
--------
--------
At 31 March 2025
11,247
8,290
19,537
--------
--------
--------
Carrying amount
At 31 March 2025
28,743
99
28,842
--------
--------
--------
At 31 March 2024
38,324
3,771
42,095
--------
--------
--------
6. Debtors
2025
2024
£
£
Trade debtors
12,420
Other debtors
19,687
--------
--------
12,420
19,687
--------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
14,286
14,286
Trade creditors
4,720
1,629
Social security and other taxes
8,069
1,688
Other creditors
12,419
9,670
--------
--------
39,494
27,273
--------
--------
Included within other creditors is an amount of £6,544 (2024: £5,999) relating to liabilities under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
7,143
21,428
Other creditors
21,501
28,044
--------
--------
28,644
49,472
--------
--------
Included within other creditors is an amount of £21,501 (2024: £28,044) relating to liabilities under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in debtors (note 6)
15,138
Included in provisions
( 7,210)
( 10,524)
-------
--------
( 7,210)
4,614
-------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Accelerated capital allowances
7,210
10,524
Unused tax losses
( 15,138)
-------
--------
7,210
(4,614)
-------
--------