MDS Plumbing Limited - Accounts

MDS Plumbing Limited - Accounts

MDS PLUMBING LIMITED - Company Information

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Registered Number: 10029378
England and Wales

 

 

 

MDS PLUMBING LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2019

End date: 29 February 2020

MDS Plumbing Limited
Contents Page
For the year ended 29 February 2020
Accountant’s report
You consider that the company is exempt from an audit for the year ended 29 February 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
One Two One Accounts Ltd
29 February 2020



....................................................
One Two One Accounts Ltd
Unit 9, Atley Business Park
Atley Way
Cramlington
NE23 1WP
28 April 2020
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 4,452    6,119 
4,452    6,119 
Current assets      
Debtors: amounts falling due within one year 10,145    12,260 
Cash at bank and in hand 1,047    3,900 
11,192    16,160 
Creditors: amount falling due within one year (12,298)   (15,612)
Net current assets (1,106)   548 
 
Total assets less current liabilities 3,346    6,667 
Creditors: amount falling due after more than one year (2,734)   (2,520)
Net assets 612    4,147 
 

Capital and reserves 		     
Profit and loss account 612    4,147 
Shareholders funds 612    4,147 
 


For the year ended 29 February 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476
  2. 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
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 April 2020 and were signed on its behalf by:


--------------------------------
Marc Sproul
Director
2
General Information
MDS Plumbing Limited is a private company, limited by shares, registered in England and Wales, registration number 10029378, registration address 57 Nunwick Way, Newcastle Upon Tyne, NE7 7GB.
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 4 Straight Line
2.

Tangible fixed assets

Cost Motor Vehicles   Total
  £   £
At 01 March 2019 6,667    6,667 
Additions -    - 
Disposals -    - 
At 29 February 2020 6,667    6,667 
Depreciation
At 01 March 2019 548    548 
Charge for year 1,667    1,667 
On disposals -    - 
At 29 February 2020 2,215    2,215 
Net book values
Closing balance as at 29 February 2020 4,452    4,452 
Opening balance as at 01 March 2019 6,119    6,119 


3.

Share Capital

Allotted
2020
£		   2019
£
2 Class A shares of £1.00 each 2    2 
2    2 

3