Company Registration No. 11555969 (England and Wales)
MDES Contract Services Ltd
Unaudited accounts
for the year ended 30 September 2023
MDES Contract Services Ltd
Unaudited accounts
Contents
MDES Contract Services Ltd
Company Information
for the year ended 30 September 2023
Company Number
11555969 (England and Wales)
Registered Office
White House Farm
Manor Lane, Broadholme
Lincoln
Lincolnshire
LN1 2NA
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
MDES Contract Services Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
83,388
97,180
Cash at bank and in hand
22,131
21,083
Creditors: amounts falling due within one year
(38,155)
(56,677)
Net current (liabilities)/assets
(16,024)
5,783
Total assets less current liabilities
67,364
102,963
Creditors: amounts falling due after more than one year
(45,161)
(64,954)
Provisions for liabilities
Deferred tax
(16,983)
(20,122)
Other provisions
-
(5,000)
Called up share capital
125
125
Revaluation reserve
17,641
17,641
Profit and loss account
(12,546)
(4,879)
Shareholders' funds
5,220
12,887
For the year ending 30 September 2023 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 director acknowledges his 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 and authorised for issue on 25 February 2024 and were signed on its behalf by
Michael Sullivan
Director
Company Registration No. 11555969
MDES Contract Services Ltd
Notes to the Accounts
for the year ended 30 September 2023
MDES Contract Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11555969. The registered office is White House Farm, Manor Lane, Broadholme, Lincoln, Lincolnshire, LN1 2NA, UNITED KINGDOM.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
MDES Contract Services Ltd
Notes to the Accounts
for the year ended 30 September 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
91,541
86,885
1,178
179,604
At 30 September 2023
91,541
86,885
1,178
179,604
At 1 October 2022
37,041
44,959
424
82,424
Charge for the year
10,956
2,685
151
13,792
At 30 September 2023
47,997
47,644
575
96,216
At 30 September 2023
43,544
39,241
603
83,388
At 30 September 2022
54,500
41,926
754
97,180
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
10,040
24,500
- Motor vehicles
28,004
41,926
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
9,956
20,529
Taxes and social security
15,623
19,068
Loans from directors
426
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
27,661
37,616
MDES Contract Services Ltd
Notes to the Accounts
for the year ended 30 September 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
16,983
20,122
Provision at start of year
20,122
20,548
Credited to the profit and loss account
(3,139)
(426)
Provision at end of year
16,983
20,122
A reversal of (£3,139) accelerated capital allowances in the current period.
Allotted, called up and fully paid:
100 Ordinary shares "A" Class of £1 each
100
100
25 Ordinary shares "B" Class of £1 each
25
25
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
