MD Autocenter Ltd


Director	Mr Ion Diaconu


Registered Address	92-100 Earl Street
	Northampton
	NN1 3AX


Registered Number	14065045 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	4		2,923		2,900
Tangible assets	5		74,411		76,147
			77,334		79,047
Current assets
Debtors	6	15,683		11,810
Cash at bank and on hand		40,815		12,820
		56,498		24,630
Creditors amounts falling due within one year	7	(44,418)		(61,802)
Net current assets (liabilities)			12,080		(37,172)
Total assets less current liabilities			89,414		41,875
Creditors amounts falling due after one year	8		(21,882)		-
Provisions for liabilities	9		(19,333)		-
Net assets			48,199		41,875
Capital and reserves
Called up share capital			1		1
Profit and loss account			48,198		41,874
Shareholders' funds			48,199		41,875

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 11 September 2025, and are signed on its behalf by:

Mr Ion Diaconu
Director
Registered Company No. 14065045

MD Autocenter Ltd

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities ("FRS 102 1A") for the year ended 30 April 2025. For the year ended 30 April 2024, the financial statements were prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 105). This change in accounting framework constitutes a change in accounting policy. In accordance with FRS 102 Section 1A, the change has been applied retrospectively. The transition date was 1 May 2024 and all comparative information has been restated as necessary in accordance with FRS 102 Section 1A.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities ("FRS 102 1A") for the year ended 30 April 2025. For the year ended 30 April 2024, the financial statements were prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 105).

This change in accounting framework constitutes a change in accounting policy. In accordance with FRS 102 Section 1A, the change has been applied retrospectively. The transition date was 1 May 2024 and all comparative information has been restated as necessary in accordance with FRS 102 Section 1A.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Plant and machinery	20	-
Office Equipment	25	-

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		8

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 May 24	3,000	3,000
Additions	705	705
At 30 April 25	3,705	3,705
Amortisation and impairment
At 01 May 24	100	100
Charge for year	682	682
At 30 April 25	782	782
Net book value
At 30 April 25	2,923	2,923
At 30 April 24	2,900	2,900

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 May 24	6,027	64,762	15,773	86,562
Additions	6,011	6,110	690	12,811
At 30 April 25	12,038	70,872	16,463	99,373
Depreciation and impairment
At 01 May 24	497	4,973	4,945	10,415
Charge for year	1,114	10,595	2,838	14,547
At 30 April 25	1,611	15,568	7,783	24,962
Net book value
At 30 April 25	10,427	55,304	8,680	74,411
At 30 April 24	5,530	59,789	10,828	76,147

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,301	1,072
Prepayments and accrued income	11,382	10,738
Total	15,683	11,810

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	19,553	40,902
Taxation and social security	13,926	3,794
Other creditors	10,939	17,106
Total	44,418	61,802

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	21,882	-
Total	21,882	-

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	19,333	-
Total	19,333	-