Company Registration No. 08326829 (England and Wales)
MDA Home Ltd
Unaudited filleted accounts
for the year ended 28 February 2022
MDA Home Ltd
Unaudited filleted accounts
Contents
MDA Home Ltd
Company Information
for the year ended 28 February 2022
Directors
Martyn David Allen
Daran Salimian
Company Number
08326829 (England and Wales)
Registered Office
Unit 8
Lyon Way Industrial Estate
Greenford
Middlesex
UB6 0BN
Accountants
Caplan Associates
71 Cheyne Walk
London
NW4 3QU
MDA Home Ltd
Statement of financial position
as at 28 February 2022
Cash at bank and in hand
54,855
298,558
Creditors: amounts falling due within one year
(212,431)
(191,834)
Net current assets
120,191
192,973
Total assets less current liabilities
120,191
197,777
Creditors: amounts falling due after more than one year
(130,795)
(179,750)
Provisions for liabilities
Net (liabilities)/assets
(10,604)
17,983
Called up share capital
3
3
Profit and loss account
(10,607)
17,980
Shareholders' funds
(10,604)
17,983
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2022 and were signed on its behalf by
Daran Salimian
Director
Company Registration No. 08326829
MDA Home Ltd
Notes to the Accounts
for the year ended 28 February 2022
MDA Home Ltd is a private company, limited by shares, registered in England and Wales, registration number 08326829. The registered office is Unit 8, Lyon Way Industrial Estate, Greenford, Middlesex, UB6 0BN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised in other comprehensive income is likewise recognised in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been substantively enacted by the reporting date.
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Plant & machinery
33.33% straight line
MDA Home Ltd
Notes to the Accounts
for the year ended 28 February 2022
4
Tangible fixed assets
Plant & machinery
At 28 February 2022
30,095
At 28 February 2022
30,095
Amounts falling due within one year
Trade debtors
27,446
29,952
Accrued income and prepayments
64,481
51,285
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
32,930
-
Trade creditors
52,361
43,040
Taxes and social security
13,247
16,577
Other creditors
9,171
9,171
Loans from directors
69,170
69,330
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
101,045
150,000
Loans from directors
29,750
29,750
Aggregate of amounts that fall due for payment after five years
-
18,279
MDA Home Ltd
Notes to the Accounts
for the year ended 28 February 2022
8
Transactions with related parties
Included within other expenses is recharged administrative expenses of £58,168 and direct costs of £252,426 payable to Audio Visual Exclusive Company, a company associated by virtue of significant common management and control. Included in sales is an amount of £16,133 in relation to product sales to that company. Included in other creditors is an amount of £9,171 (2021: £9,171) owed to that company.
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
