500 MD Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14861061

500 MD Ltd

Filleted Unaudited Financial Statements

31 March 2025

500 MD Ltd

Financial Statements

Year ended 31 March 2025

Contents	Pages

Officers and professional advisers	1

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3 to 4

Notes to the financial statements	5 to 7

500 MD Ltd

Officers and Professional Advisers

Director	Mr M Duesbury

Registered office	MD Vehicles
	Brimington Road North
	Chesterfield
	Derbyshire
	S41 9AP

Accountants	Hebblethwaites
	Chartered accountants
	2 Westbrook Court
	Sharrow Vale Road
	Sheffield
	S11 8YZ

500 MD Ltd

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of 500 MD Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 500 MD Ltd for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of 500 MD Ltd in accordance with the terms of our engagement letter dated 11 November 2024. Our work has been undertaken solely to prepare for your approval the financial statements of 500 MD Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 500 MD Ltd and its director for our work or for this report.

It is your duty to ensure that 500 MD Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 500 MD Ltd. You consider that 500 MD Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of 500 MD Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hebblethwaites Chartered accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

1 October 2025

500 MD Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	253,350	253,350

Current assets

Cash at bank and in hand	546	650

Creditors: amounts falling due within one year	5	60,146	27,535
		--------	--------
Net current liabilities		59,600	26,885
		---------	---------
Total assets less current liabilities		193,750	226,465

Creditors: amounts falling due after more than one year	6	150,000	219,000
		---------	---------
Net assets		43,750	7,465
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	43,749	7,464
	--------	-------
Shareholders funds	43,750	7,465
	--------	-------

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 comprehensive income 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 .

500 MD Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr M Duesbury
Director

Company registration number: 14861061

500 MD 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 MD Vehicles, Brimington Road North, Chesterfield, Derbyshire, S41 9AP.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Having been established during the previous period and with the utilisation of loan finance, the year end position of the company, as portrayed by the Statement of Financial Position, reflects net current liabilities, if with total net assets. Despite this, the accounts have been prepared on a going concern basis, this supported by reference to the future income generation capacity of the business and the fact that the prime liability is in relation to a connected party funder which ensures that the funding will remain in place for the foreseeable future.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024 and 31 March 2025	253,350
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	253,350
	---------
At 31 March 2024	253,350
	---------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	8,511	1,786
Other creditors	51,635	25,749
	--------	--------
	60,146	27,535
	--------	--------

6. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	150,000	219,000
	---------	---------

7. Related party transactions

A loan account exists as between the company and an associated business operated by the director. At the year end date, the loan liability owing by this company to the related party business is £201,386 as disclosed as "other creditors" above and with no formal repayment terms other than the fact that a minimum of £150,000 will not be repaid until at least twelve months after this accounting date. Interest is not being charged on this loan balance.