Registration number: 03106432

M.D.F. (Gt Yarmouth) Ltd

Contents

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

M.D.F. (Gt Yarmouth) Ltd

(Registration number: 03106432)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,889,590	2,848,794
Investments	5	17,167	17,167
		2,906,757	2,865,961
Current assets
Stocks		84,578	99,896
Debtors	6	1,092,464	1,356,792
Cash at bank and in hand		163,647	25,244
		1,340,689	1,481,932
Creditors: Amounts falling due within one year	7	(1,093,458)	(1,241,564)
Net current assets		247,231	240,368
Total assets less current liabilities		3,153,988	3,106,329
Creditors: Amounts falling due after more than one year	7	(70,584)	(143,511)
Provisions for liabilities		(549,460)	(537,360)
Net assets		2,533,944	2,425,458
Capital and reserves
Called up share capital	8	2,500	2,500
Capital redemption reserve		2,500	2,500
Profit and loss account		2,528,944	2,420,458
Shareholders' funds		2,533,944	2,425,458

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 September 2026
 

 

M D Farrow
Director

M.D.F. (Gt Yarmouth) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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:
Grampian House
Hewett Road
Gapton Hall Industrial Estate
Great Yarmouth
NR31 0NN

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated,

Tax

The tax expense for the period comprises current and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

M.D.F. (Gt Yarmouth) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the 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.

Tangible assets

Tangible assets are stated 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, less residual value, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land	not depreciated
Short leasehold property improvements	over the period of the lease
Motor vehicles	written off over 4 or 5 years on a straight line basis
Lorries	written off over 3 to 5 years on a straight line basis
Trailers	written off over 4 to 8 years on a straight line basis
Plant and machinery	written off over 4 to 8 years on a straight line basis

Investments

Investments in shares in subsidiaries are measured at cost less impairment.

Cash
Cash comprises cash on hand and all deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. 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 net realisable value.

M.D.F. (Gt Yarmouth) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 at the transaction price.

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

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3	Staff numbers

The average number of persons employed by the company during the year was 33 (2024 - 34).

M.D.F. (Gt Yarmouth) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Land and buildings £	Lorries, trailers and motor vehicles  £	Plant and machinery £	Total £
Cost
At 1 January 2025	659,254	5,643,996	344,989	6,648,239
Additions	-	566,129	19,500	585,629
Disposals	-	(123,211)	-	(123,211)
At 31 December 2025	659,254	6,086,914	364,489	7,110,657
Depreciation
At 1 January 2025	41,550	3,451,151	306,744	3,799,445
Charge for the year	39	528,319	15,975	544,333
Eliminated on disposal	-	(122,711)	-	(122,711)
At 31 December 2025	41,589	3,856,759	322,719	4,221,067
Net book value
At 31 December 2025	617,665	2,230,155	41,770	2,889,590
At 31 December 2024	617,704	2,192,845	38,245	2,848,794

5	Investments

	2025 £	2024 £
Investment in subsidiary	17,167	17,167
	17,167	17,167