MDM Creations Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC196066 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

MDM CREATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M P Maciocia

SECRETARY:

Purple Venture Secretaries Ltd

REGISTERED OFFICE:

3 Castle Court

Carnegie Campus

Dunfermline

KY11 8PB

REGISTERED NUMBER:

SC196066 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Bank of Scotland

PO BOX 10

Kirkcaldy

Fife

KY1 3PA

SOLICITORS:

Young & Partners

1 George Square

Castle Brae

Dunfermline

Fife

KY11 8QF

FIXED ASSETS

Tangible assets

4

119,023

230,748

Investments

5

237,598

917

356,621

231,665

CURRENT ASSETS

Stocks

6

9,761

12,386

Debtors

7

13,992

6,747

Cash at bank

30,787

105,181

54,540

124,314

CREDITORS

Amounts falling due within one year

8

72,246

53,865

NET CURRENT (LIABILITIES)/ASSETS

(17,706

)

70,449

TOTAL ASSETS LESS CURRENT
LIABILITIES

338,915

302,114

PROVISIONS FOR LIABILITIES

83,245

31,442

NET ASSETS

255,670

270,672

CAPITAL AND RESERVES

Called up share capital

2

Revaluation reserve

10,319

-

Retained earnings

245,349

270,670

SHAREHOLDERS' FUNDS

255,670

270,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

M P Maciocia - Director

1.	STATUTORY INFORMATION

MDM Creations Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and management fees raised, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its useful life.

Land & buildings

- Nil whilst asset under construction

Plant and machinery

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Computer equipment

- 33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 future taxable profits.

Other investments

Investments are initially carried at cost and then revalued at fair value at the balance sheet date. Fair value gains net of deferred tax are taken to a revaluation reserve. Fair value losses to the extent they are not exceeded by cumulative gains, remain as a charge against retained earnings.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Land &

to

Plant and

buildings

property

machinery

£

COST

At 1 September 2024

80,715

24,265

305,876

Additions

-

Disposals

(57,076

)

(24,265

)

(45,178

)

At 31 August 2025

23,639

-

260,698

DEPRECIATION

At 1 September 2024

-

183,416

Charge for year

-

15,669

Eliminated on disposal

-

(27,179

)

At 31 August 2025

-

171,906

NET BOOK VALUE

At 31 August 2025

23,639

-

88,792

At 31 August 2024

80,715

24,265

122,460

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 September 2024

29,805

40,438

481,099

Additions

-

6,532

Disposals

-

(17,800

)

(144,319

)

At 31 August 2025

29,805

29,170

343,312

DEPRECIATION

At 1 September 2024

26,821

40,114

250,351

Charge for year

746

2,502

18,917

Eliminated on disposal

-

(17,800

)

(44,979

)

At 31 August 2025

27,567

24,816

224,289

NET BOOK VALUE

At 31 August 2025

2,238

4,354

119,023

At 31 August 2024

2,984

324

230,748

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST OR VALUATION

At 1 September 2024

2

915

917

Additions

-

205,211

Disposals

(2

)

(44,621

)

(44,623

)

Revaluations

-

76,093

At 31 August 2025

-

237,598

NET BOOK VALUE

At 31 August 2025

-

237,598

At 31 August 2024

2

915

917

Cost or valuation at 31 August 2025 is represented by:

Other

investments

£

Valuation in 2022

(4,088

)

Valuation in 2023

(621

)

Valuation in 2024

208

Valuation in 2025

76,092

Cost

166,007

237,598

As of the date the financial statements were approved by the director the market valuation of other investments amounted to £65,407. Subsequent changes in the fair value of the organisation's other investments are not reflected in the financial statements as of 31 August 2025.

.

6.

STOCKS

2025

2024

£

Stocks

9,761

12,386

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

9,269

4,851

Other debtors

4,723

1,896

13,992

6,747

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

1,125

196

Taxation and social security

31,089

33,241

Other creditors

40,032

20,428

72,246

53,865

9.	RELATED PARTY DISCLOSURES

Included within Other debtors is a loan due from a company which held under common control amounting to £840 (2024: £nil). The loan is unsecured, interest free and repayable on demand.