M.D Construction of Cheltenham Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 6691063

M.D Construction of Cheltenham Limited

Filleted Unaudited Financial Statements

30 September 2025

M.D Construction of Cheltenham Limited

Financial Statements

Year ended 30 September 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

M.D Construction of Cheltenham Limited

Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	10,823	19,604

Current assets

Stocks		1,838,000	3,194,300
Debtors	6	1,111,866	1,373,012
Cash at bank and in hand		300,252	136,465
		------------	------------
		3,250,118	4,703,777

Creditors: amounts falling due within one year	7	( 2,685,155)	( 3,913,416)
		------------	------------
Net current assets		564,963	790,361
		---------	---------
Total assets less current liabilities		575,786	809,965

Creditors: amounts falling due after more than one year	8	–	( 32,000)
		---------	---------
Net assets		575,786	777,965
		---------	---------

M.D Construction of Cheltenham Limited

Statement of Financial Position (continued)

30 September 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	575,686	777,865
	---------	---------
Shareholders funds	575,786	777,965
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 30 September 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 .

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

M.E. Deacon
Director

Company registration number: 6691063

M.D Construction of Cheltenham Limited

Notes to the Financial Statements

Year ended 30 September 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 Midway House, Staverton Technology Park, Herrick Way, Staverton, Cheltenham, Glos, GL51 6TQ.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of Value Added Tax. Turnover relating to the sale of property is derived from the gross proceeds on exchange of contracts. Turnover relating to work done is derived according to the stage of completion of each contract.

Taxation

The taxation expense represents current 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.

Tangible assets

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & equipment	-	25% straight line
Motor vehicles	-	20% straight line

Stocks

Stocks are valued at cost. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Hire purchase contracts

Assets held under hire purchase contracts are capitalised as tangible fixed assets at their fair value with the corresponding liability included as an obligation under hire purchase contracts. Hire purchase repayments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

Pension costs

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions paid by the company to the fund during the year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Plant & equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 October 2024	74,809	52,963	127,772
Additions	2,767	–	2,767
Disposals	( 286)	–	( 286)
	--------	--------	---------
At 30 September 2025	77,290	52,963	130,253
	--------	--------	---------
Depreciation
At 1 October 2024	62,183	45,985	108,168
Charge for the year	6,855	4,407	11,262
	--------	--------	---------
At 30 September 2025	69,038	50,392	119,430
	--------	--------	---------
Carrying amount
At 30 September 2025	8,252	2,571	10,823
	--------	--------	---------
At 30 September 2024	12,626	6,978	19,604
	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	156,703	16,053
Other debtors	955,163	1,356,959
	------------	------------
	1,111,866	1,373,012
	------------	------------

Other debtors include £80,310 (2024 - £15,254) in respect of the director's loan account, a loan of £NIL (2024 - £669,631) to M.E. Deacon Construction Limited and a loan of £694,576 (2024 - £489,073) to RD Homes of Cheltenham Ltd.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loan	32,000	32,000
Trade creditors	67,675	94,065
Social security and other taxes	55,186	189,776
Loans	1,837,646	3,555,965
Other creditors	692,648	41,610
	------------	------------
	2,685,155	3,913,416
	------------	------------

The bank loan is supported by the Coronavirus Business Interruption Loan Scheme Guarantee from the UK Government. Loans include £NIL (2024 - £1,220,000) which is secured by a charge on property being developed by the company and £1,477,646 (2024 - £1,975,965) secured by a fixed and floating charge on the assets of the company. Other creditors include a loan of £651,933 (2024 - £NIL) from M.E. Deacon Construction Limited. Other creditors also include obligations under hire purchase contracts of £NIL (2024 - £3,234) which are secured by a charge over the asset to which they relate.

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

	2025	2024
	£	£
Bank loan	–	32,000
	----	--------

The bank loan is supported by the Coronavirus Business Interruption Loan Scheme Guarantee from the UK Government.

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
M.E. Deacon	15,254	125,056	( 60,000)	80,310
	--------	---------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
M.E. Deacon	( 8,601)	83,855	( 60,000)	15,254
	-------	--------	--------	--------