IRIS Accounts Production v25.1.4.42 11705726 director 1.12.23 30.11.24 30.11.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117057262023-11-30117057262024-11-30117057262023-12-012024-11-30117057262022-11-30117057262022-12-012023-11-30117057262023-11-3011705726ns15:EnglandWales2023-12-012024-11-3011705726ns14:PoundSterling2023-12-012024-11-3011705726ns10:Director12023-12-012024-11-3011705726ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3011705726ns10:SmallEntities2023-12-012024-11-3011705726ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3011705726ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3011705726ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3011705726ns10:FullAccounts2023-12-012024-11-301170572612023-12-012024-11-3011705726ns10:OrdinaryShareClass12023-12-012024-11-3011705726ns10:RegisteredOffice2023-12-012024-11-3011705726ns5:CurrentFinancialInstruments2024-11-3011705726ns5:CurrentFinancialInstruments2023-11-3011705726ns5:Non-currentFinancialInstruments2024-11-3011705726ns5:Non-currentFinancialInstruments2023-11-3011705726ns5:ShareCapital2024-11-3011705726ns5:ShareCapital2023-11-3011705726ns5:RetainedEarningsAccumulatedLosses2024-11-3011705726ns5:RetainedEarningsAccumulatedLosses2023-11-3011705726ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3011705726ns5:ComputerSoftware2023-12-012024-11-3011705726ns5:FurnitureFittings2023-12-012024-11-3011705726ns5:ComputerEquipment2023-12-012024-11-3011705726ns5:ComputerSoftware2023-11-3011705726ns5:ComputerSoftware2024-11-3011705726ns5:ComputerSoftware2023-11-3011705726ns5:FurnitureFittings2023-11-3011705726ns5:ComputerEquipment2023-11-3011705726ns5:FurnitureFittings2024-11-3011705726ns5:ComputerEquipment2024-11-3011705726ns5:FurnitureFittings2023-11-3011705726ns5:ComputerEquipment2023-11-3011705726ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3011705726ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3011705726ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-11-3011705726ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-11-3011705726ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-11-3011705726ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3011705726ns10:OrdinaryShareClass12024-11-30117057261ns10:Director12023-11-30117057261ns10:Director12022-11-30117057261ns10:Director12023-12-012024-11-30117057261ns10:Director12022-12-012023-11-30117057261ns10:Director12024-11-30117057261ns10:Director12023-11-30
REGISTERED NUMBER: 11705726 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2024

for

M.D. Advisory Services Ltd

M.D. Advisory Services Ltd (Registered number: 11705726)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.D. Advisory Services Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: M Dobson





REGISTERED OFFICE: Clavering House
Clavering Place
Newcastle upon Tyne
Tyne and Wear
NE1 3NG





REGISTERED NUMBER: 11705726 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

M.D. Advisory Services Ltd (Registered number: 11705726)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,417 4,417
Tangible assets 5 - 13
3,417 4,430

CURRENT ASSETS
Debtors 6 11,701 21,023
Cash at bank 30,000 64
41,701 21,087
CREDITORS
Amounts falling due within one year 7 (22,873 ) (23,152 )
NET CURRENT ASSETS/(LIABILITIES) 18,828 (2,065 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,245

2,365

CREDITORS
Amounts falling due after more than one
year

8

(43,174

)

(2,363

)
NET (LIABILITIES)/ASSETS (20,929 ) 2

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (20,930 ) 1
SHAREHOLDERS' FUNDS (20,929 ) 2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

M.D. Advisory Services Ltd (Registered number: 11705726)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





M Dobson - Director


M.D. Advisory Services Ltd (Registered number: 11705726)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

M.D. Advisory Services 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern
The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition
Turnover represents amounts chargeable to clients for professional services provided during the year excluding sales tax and third-party invoiced disbursements. Revenue is recognised on an individual engagement basis when the right to consideration has been obtained from the client in exchange for work performed and where the recoverability of the consideration can be assessed with reasonable certainty.

Unbilled turnover on individual client assignments is included in amounts recoverable on contracts within debtors.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Tangible assets are measured at cost less accumulated depreciation and impairment.

M.D. Advisory Services Ltd (Registered number: 11705726)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost with charges recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 December 2023
and 30 November 2024 5,000
AMORTISATION
At 1 December 2023 583
Amortisation for year 1,000
At 30 November 2024 1,583
NET BOOK VALUE
At 30 November 2024 3,417
At 30 November 2023 4,417

M.D. Advisory Services Ltd (Registered number: 11705726)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 871 3,957 4,828
DEPRECIATION
At 1 December 2023 871 3,944 4,815
Charge for year - 13 13
At 30 November 2024 871 3,957 4,828
NET BOOK VALUE
At 30 November 2024 - - -
At 30 November 2023 - 13 13

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,193 4,038
Other debtors 5,704 -
Directors' current accounts - 16,601
Prepayments and accrued income 1,804 384
11,701 21,023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,877 12,025
Trade creditors 5,069 2,791
Taxation and social security 2,660 6,681
Other creditors 3,128 905
Directors' current accounts 339 -
Accruals and deferred income 1,800 750
22,873 23,152

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,502 2,363
Bank loans - 2-5 years 33,672 -
43,174 2,363

M.D. Advisory Services Ltd (Registered number: 11705726)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
M Dobson
Balance outstanding at start of year 16,601 6,372
Amounts advanced 22,245 30,455
Amounts repaid (39,185 ) (20,226 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (339 ) 16,601

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions conducted at market rate.

There were no related party transactions non concluded under normal market conditions, except for the following:

2024 2023
£    £   
Amounts owed to/(from) directors 339 (16,601 )

No interest was charged.