8733602falsethat of import and wholesale of foodstuffs and wine2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2025-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 8733602
MDF WHOLESALE LTD
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
MDF WHOLESALE LTD
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Miss Giovanna Emmanuela Denaro
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8733602
BANKERS
NATIONAL WESTMINSTER BANK Plc
SOLICITORS
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
MDF WHOLESALE LTD
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
MDF WHOLESALE LTD
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets2335479
CURRENT ASSETS
Stock840900
Cash at bank and in hand2,1192,119
2,9593,019
CREDITORS: Amounts falling due within one year457,58557,585
NET CURRENT LIABILITIES(54,626)(54,566)
TOTAL ASSETS LESS CURRENT LIABILITIES(54,291)(54,087)
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account(54,292)(54,088)
SHAREHOLDERS' FUNDS(54,291)(54,087)
For the year ending 31/03/2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/10/2025 and signed on their behalf by
.............................
Miss Giovanna Emmanuela Denaro
Director
MDF WHOLESALE LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The company is in a net liability position of £ 54,291 as at 31 March 2025. Due to the adverse trading conditions caused by the COVID pandemic the company ceased trading in the year. On this basis the director considers the company not to be a going concern and the accounts have been prepared accordingly.
1c. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Fixtures And Fittingsstraight line10%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
MDF WHOLESALE LTD
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/04/2024615615
Disposals(140)(140)
At 31/03/2025475475
Depreciation
At 01/04/2024136136
Disposals(140)(140)
For the year144144
At 31/03/2025140140
Net Book Amounts
At 31/03/2025335335
At 31/03/2024479479
3. STOCK 20252024
££
Stock comprises:
Stock840900
840900
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax870870
VAT649649
PAYE control1,2561,256
Directors current account2,7202,720
Bank Loan33,75333,753
Loans9,5009,500
Trade creditors1,5391,539
Other creditors1,9461,946
Accruals5,3525,352
57,58557,585
MDF WHOLESALE LTD
5. EMPLOYEES
20252024
No.No.
Average number of employees11
Key management personnel is restricted to that of the director.
6. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
7. CONTROLLING PARTY
The company is wholly owned by the director Miss G E Denaro.
8. RELATED PARTY TRANSACTIONS
The director Miss G E Denaro received a dividend of £ nil in the year to 31 March 2025 (2024 - £ nil).
9. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company operates as an importer and wholesaler of food and alcohol drinks. Imports are predominantly from Italy, whilst sales are predominantly in the United Kingdom.
10. GENERAL INFORMATION
MDF Wholesale Ltd is a private company limited by shares and incorporated in England. Its registerd office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.