Company Registration No. 12414537 (England and Wales)
MDC Painters (Liverpool) Ltd
Unaudited accounts
for the year ended 31 December 2024
MDC Painters (Liverpool) Ltd
Unaudited accounts
Contents
MDC Painters (Liverpool) Ltd
Company Information
for the year ended 31 December 2024
Directors
Mr S Meese
Mrs J Meese
Company Number
12414537 (England and Wales)
Registered Office
23 Prospect Vale
Liverpool
Merseyside
L6 8PE
England
Accountants
Invictus Accountancy Services Limited
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
MDC Painters (Liverpool) Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
25,799
34,213
Cash at bank and in hand
48,098
17,568
Creditors: amounts falling due within one year
(89,352)
(62,935)
Net current assets
52,580
58,941
Total assets less current liabilities
78,379
93,154
Creditors: amounts falling due after more than one year
(38,387)
(62,158)
Called up share capital
2
1
Profit and loss account
39,990
30,995
Shareholders' funds
39,992
30,996
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by
Mr S Meese
Director
Company Registration No. 12414537
MDC Painters (Liverpool) Ltd
Notes to the Accounts
for the year ended 31 December 2024
MDC Painters (Liverpool) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12414537. The registered office is 23 Prospect Vale, Liverpool, Merseyside, L6 8PE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Computer equipment
15% on reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
MDC Painters (Liverpool) Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
80,608
2,660
83,268
At 31 December 2024
80,608
2,660
83,268
At 1 January 2024
47,784
1,271
49,055
Charge for the year
8,206
208
8,414
At 31 December 2024
55,990
1,479
57,469
At 31 December 2024
24,618
1,181
25,799
At 31 December 2023
32,824
1,389
34,213
Amounts falling due within one year
Accrued income and prepayments
59,267
50,844
Other debtors
34,567
53,464
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,533
6,673
Obligations under finance leases and hire purchase contracts
10,579
17,120
Trade creditors
5,668
6,940
Taxes and social security
54,250
21,146
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
15,528
33,469
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).