| MSD Martial Arts Limited |
| Notes to the Accounts |
| for the year ended 31 March 2024 |
|
|
| 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. |
|
|
Accounting records |
|
The company is unable to access certain bank records for the year and details have therefore been calculated from available information. The company's bank and loan account are however largely inactive. |
|
|
Going concern basis |
|
The company had net liabilities at the balance sheet date, it did not generate any turnover during the year and plans for the future are uncertain. Given the relatively straightforward nature of the company's business, however, the director does not consider that it would be meaningful to prepare the accounts on a break-up basis and the going concern basis has therefore been applied. |
|
|
Tangible fixed assets and depreciation |
|
Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation has been provided at the following rate to write off the cost of the assets over their estimated useful lives: |
|
Equipment - |
25% p.a. on the reducing balance basis |
|
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of employees and company officers |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
Equipment |
| £ |
|
Cost |
|
At 1 April 2023 |
1,362 |
|
At 31 March 2024 |
1,362 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2023 |
1,319 |
|
Charge for the year |
11 |
|
At 31 March 2024 |
1,330 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2024 |
32 |
|
At 31 March 2023 |
43 |
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loan and overdraft |
3,564 |
|
3,474 |
|
Expense creditors |
2,688 |
|
3,071 |
|
Taxation |
156 |
|
156 |
|
Other creditors |
17,674 |
|
16,964 |
|
|
|
|
|
|
24,082 |
|
23,665 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Controlling parties |
|
|
At 31 March 2024 the company was controlled by M Donald and T Donald, who between them owned the company's entire issued share capital. |
|
|
|
| 6 |
Other information |
|
|
MSD Martial Arts Limited is a private company limited by shares and incorporated in England. Its registered office is 1 Britten Close, Langdon Hills, Basildon, Essex SS16 6TB. |