MDA SDA UK Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09130713 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2022

for

MDA SDA UK Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

A D Bull

J A Bull

Registered office:

114-120 Northgate Street

Chester

CH1 2HT

Registered number:

09130713 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

5,175

3,410

Current assets

Debtors

5

28,322

37,402

Cash at bank

53,695

19,901

82,017

57,303

Creditors

Amounts falling due within one year

6

20,630

15,409

Net current assets

61,387

41,894

Total assets less current liabilities

66,562

45,304

Capital and reserves

Called up share capital

7

100

100

Retained earnings

66,462

45,204

Shareholders' funds

66,562

45,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2023 and were signed on its behalf by:

A D Bull - Director

1.	Statutory information

MDA SDA UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

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

Fixtures, fittings and equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 1 (2021 - 2 ) .

4.	Tangible fixed assets

Fixtures,

fittings

and

equipment

£

Cost

At 1 August 2021

22,600

Additions

3,984

At 31 July 2022

26,584

Depreciation

At 1 August 2021

19,190

Charge for year

2,219

At 31 July 2022

21,409

Net book value

At 31 July 2022

5,175

At 31 July 2021

3,410

5.

Debtors: amounts falling due within one year

31/7/22

31/7/21

£

£

Other debtors

28,322

37,402

6.

Creditors: amounts falling due within one year

31/7/22

31/7/21

£

£

Taxation and social security

14,433

9,586

Other creditors

6,197

5,823

20,630

15,409

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/22

31/7/21

value:

£

£

90

"A" shares

£1

90

90

10

"B" shares

£1

10

10

100

100

8.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2022 and 31 July 2021:

31/7/22

31/7/21

£

£

A D Bull

Balance outstanding at start of year

36,454

50,010

Amounts advanced

44,125

53,796

Amounts repaid

(52,258

)

(67,352

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,321

36,454

The maximum outstanding balance during the year was £42,302. Amounts repaid include £36,500 on 3 November 2021 and £40,736 on 7 March 2022. Amounts advanced include £5,154 on 27 August 2021 and £19,421 on 21 March 2022. Loans to directors are interest free, unsecured and repayable on demand