MD1 Technology Limited - Filleted accounts


MD1 TECHNOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2025



































Company Registration Number: 09378746

MD1 TECHNOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 9

MD1 TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025


DIRECTORS

R D Webb
K A Webb
L C Fitzgerald-Finch


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

3/4 Lancaster Centre Meteor Business Park
Cheltenham Road East
Staverton
Gloucestershire
GL2 9QL


COMPANY REGISTRATION NUMBER

09378746 England and Wales

MD1 TECHNOLOGY LIMITED

BALANCE SHEET
AS AT 31 JANUARY 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Tangible assets	5		54,151		45,766

CURRENT ASSETS
Debtors	6	194,621		256,414
Cash at bank and in hand		161,438		166,793


		356,059		423,207

CREDITORS: Amounts falling due within one year	7	144,585		210,560
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			211,474		212,647


TOTAL ASSETS LESS CURRENT LIABILITIES			265,625		258,413

CREDITORS: Amounts falling due after more than one year	8		3,192		12,608
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			13,538		11,442


NET ASSETS			248,895		234,363


CAPITAL AND RESERVES
Called up share capital			100		100
Distributable profit and loss account			248,795		234,263


SHAREHOLDERS' FUNDS			248,895		234,363

MD1 TECHNOLOGY LIMITED

BALANCE SHEET
AS AT 31 JANUARY 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




R D Webb
Director

Date approved by the board: 30 October 2025

MD1 TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1	GENERAL INFORMATION

	MD1 Technology Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:

	Registered office and principal place of business
	3/4 Lancaster Centre Meteor Business Park
	Cheltenham Road East
	Staverton
	Gloucestershire
	GL2 9QL

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of the manufacture of electronic countermeasure products and the provision of consultancy services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Office equipment					Reducing balance basis at 25% per annum
	Computer equipment					Reducing balance basis at 25% per annum
	Tools and equipment					Reducing balance basis at 25% per annum
	Motor vehicles					Reducing balance basis at 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

MD1 TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

	Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

MD1 TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

MD1 TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Foreign currencies

	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

	Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.


	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

	Research and development

	Expenditure on research is written off against profits in the year in which it is incurred.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2025	2024
	Average number of employees	5	5

MD1 TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


5	TANGIBLE ASSETS
		Office equipment	Computer equipment	Tools and equipment	Motor vehicles	Total
		£	£	£	£	£
	Cost
	At 1 February 2024	10,820	21,925	47,633	-	80,378

	Additions	332	4,193	1,930	16,500	22,955

	Disposals	(33)	(1,208)	(596)	-	(1,837)


	At 31 January 2025	11,119	24,910	48,967	16,500	101,496


	Accumulated depreciation and impairments
	At 1 February 2024	8,068	13,689	12,855	-	34,612

	Charge for year	736	2,766	8,850	1,695	14,047

	Disposals	(21)	(885)	(408)	-	(1,314)


	At 31 January 2025	8,783	15,570	21,297	1,695	47,345


	Net book value
	At 1 February 2024	2,752	8,236	34,778	-	45,766


	At 31 January 2025	2,336	9,340	27,670	14,805	54,151


6	DEBTORS
					2025	2024
					£	£
	Trade debtors				63	543
	Prepayments and accrued income				82,518	152,650
	Other debtors				112,040	103,221


					194,621	256,414


7	CREDITORS: Amounts falling due within one year
					2025	2024
					£	£
	Bank loans and overdrafts				9,417	9,184
	Trade creditors				2,621	73,278
	Taxation and social security				5,057	150
	Accruals and deferred income				21,495	31,496
	Other creditors				105,995	96,452


					144,585	210,560

MD1 TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


8	CREDITORS: Amounts falling due after more than one year
			2025	2024
			£	£
	Bank loans and overdrafts		3,192	12,608


9	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:		2025	2024
			£	£
	In less than one year		21,000	-


10	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

			2025	2024
			£	£
	R D Webb	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:
	Director


			51,721	51,820


	K A Webb	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:
	Director


			44,896	44,631