MDA Wheels Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08377080

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,025		2,031

			11,025		2,031
CURRENT ASSETS
Stocks	5	350,184		300,389
Debtors	6	7,395		10,575
Cash at bank and in hand		3,863		190

		361,442		311,154
Creditors: Amounts Falling Due Within One Year	7	(422,810 )		(366,716 )

NET CURRENT ASSETS (LIABILITIES)			(61,368 )		(55,562 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(50,343 )		(53,531 )

NET LIABILITIES			(50,343 )		(53,531 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(50,345 )		(53,533 )

SHAREHOLDERS' FUNDS			(50,343)		(53,531)

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MDA Wheels Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M A Morgan

Director

22 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MDA Wheels Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08377080 . The registered office is Crunwere House, Llanteg, Narberth, SA67 8QA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company's balance sheet at 31 January 2025 shows a deficit of assets. However, the directors have pledged to continue to support the company in the medium term through various connected businesses, and therefore these financial statements have been prepared on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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MDA Wheels Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 February 2024	9,036
Additions	10,500

As at 31 January 2025	19,536

Depreciation
As at 1 February 2024	7,005
Provided during the period	1,506

As at 31 January 2025	8,511

Net Book Value
As at 31 January 2025	11,025

As at 1 February 2024	2,031

5. Stocks

	2025	2024
	£	£
Stock	350,184	300,389

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,199	1,199
Prepayments and accrued income	5,000	5,000
VAT	1,196	4,376

	7,395	10,575

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MDA Wheels Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,440	145
Loans	8,500	8,500
Accruals and deferred income	850	850
Directors' loan accounts	7,944	7,945
Amounts owed to connected parties	404,076	349,276

	422,810	366,716

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

9. Post Balance Sheet Events

Following the year end, a fire occurred at a warehouse resulting in the destruction of a stock of cars held on site. The incident took place in August 2024. The financial effect of the loss has not been reflected in the financial statements for the year ended 31 January 2025 as the event arose after the reporting period. The company is in contact with its insurers and expects that a substantial portion of the loss will be recoverable under its insurance policy. However, at the date of approval of these financial statements, it is not yet possible to determine the amount that will be recoverable.

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