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Registration number: 12294272

MCD Manufacturing & Logistics Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

MCD Manufacturing & Logistics Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 8

MCD Manufacturing & Logistics Ltd

(Registration number: 12294272)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 131,318 | 76,648
Current assets |  |  |
Stocks | 5 | 433,541 | 154,396
Debtors | 6 | 594,604 | 339,991
Cash at bank and in hand |  | 7,175 | 10,734
|  | 1,035,320 | 505,121
Creditors: Amounts falling due within one year | 7 | (2,399,758) | (1,435,992)
Net current liabilities |  | (1,364,438) | (930,871)
Net liabilities |  | (1,233,120) | (854,223)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (1,233,121) | (854,224)
Shareholders' deficit |  | (1,233,120) | (854,223)

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2026 and signed on its behalf by:

Mr TAF Ghali Director |  |

MCD Manufacturing & Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Queen Street
Bath
BA1 1HE

These financial statements were authorised for issue by the Board on 14 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The company's financial statements at 31 December 2024 show that the company has net liabilities of £1,233,120 (2023 - £854,223). The net liabilities give rise to uncertainty in relation to the company's future activity, however the group is committed to ensure that the company is able to meet its liabilities on a day to day basis, therefore the directors believes it is appropriate to prepare the financial statements on a going concern basis.

MCD Manufacturing & Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Key sources of estimation uncertainty

In the application of the company's accounting policies the director(s) are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue for the sale of goods when all the following conditions are satisfied:
a) the significant risks and rewards of ownership have been transferred to the buyer;
b) the company retains no continuing involvement or control over the goods;
c) the amount of revenue can be reliably measured;
d) it is probable that future economic benefits will flow to the company; and
e) specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 10% Straight Line
Office Equipment | 33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

MCD Manufacturing & Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

MCD Manufacturing & Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 19 (2023 - 10).

MCD Manufacturing & Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 January 2024 | 109,559 | 403 | 109,962
Additions | 66,907 | 74 | 66,981
At 31 December 2024 | 176,466 | 477 | 176,943
Depreciation
At 1 January 2024 | 33,182 | 133 | 33,315
Charge for the year | 12,156 | 154 | 12,310
At 31 December 2024 | 45,338 | 287 | 45,625
Carrying amount
At 31 December 2024 | 131,128 | 190 | 131,318
At 31 December 2023 | 76,377 | 271 | 76,648

5 | Stocks

| 2024 £ | 2023 £
Other inventories | 433,541 | 154,396

6 | Debtors

| Note | 2024 £ | 2023 £
Trade debtors |  | 104,780 | 45,024
Amounts owed by related parties | 9 | 434,137 | 260,600
Other debtors |  | 49,209 | 29,127
Prepayments |  | 6,478 | 5,240
|  | 594,604 | 339,991

MCD Manufacturing & Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7 | Creditors

Due within one year | Note | 2024 £ | 2023 £
Loans and borrowings | 8 | 44,984 | -
Trade creditors |  | 462,014 | 38,055
Amounts due to related parties | 9 | 1,866,666 | 1,373,327
Social security and other taxes |  | 8,656 | 15,485
Other creditors |  | 2,266 | 1,125
Accruals |  | 15,172 | 8,000
|  | 2,399,758 | 1,435,992

8 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Bank overdrafts | 44,984 | -

9 | Related party transactions

MCD Manufacturing & Logistics Ltd has taken advantage of FRS 102 paragraph 33.1A which offers an exemption from disclosing transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

MCD Manufacturing & Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Loans to related parties

2024 | Other related parties £ | Total £
At start of period | 26,272 | 26,272
Repaid | (26,272) | (26,272)
At end of period | - | -

2023 | Other related parties £ | Total £
At start of period | 27,022 | 27,022
Repaid | (750) | (750)
At end of period | 26,272 | 26,272

Terms of loans to related parties

Loans to related parties are interest free and repayable on demand.