Abbreviated Company Accounts - MDP INVESTMENTS LIMITED

MDP INVESTMENTS LIMITED - Company Information

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Registered Number 08796682

MDP INVESTMENTS LIMITED

Abbreviated Accounts

31 October 2015

MDP INVESTMENTS LIMITED Registered Number 08796682

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Current assets
Debtors		3,265	141,576
Cash at bank and in hand		-	8,877
		3,265	150,453
Creditors: amounts falling due within one year		(325)	(128,102)
Net current assets (liabilities)		2,940	22,351
Total assets less current liabilities		2,940	22,351
Creditors: amounts falling due after more than one year		-	(19,085)
Total net assets (liabilities)		2,940	3,266
Capital and reserves
Called up share capital	2	4	4
Profit and loss account		2,936	3,262
Shareholders' funds		2,940	3,266

For the year ending 31 October 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 July 2016

And signed on their behalf by:
MR MICHAEL DAWOOD PATEL, Director

MDP INVESTMENTS LIMITED Registered Number 08796682

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises invoiced sales net of returns, trade discounts and VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life on a reducing balance method as follows:

Intangible assets amortisation policy
NONE

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after allowing for slow-moving and obsolete items.

Other accounting policies
Corporation tax payable is provided for on taxable profits at the current rate.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
4 Ordinary shares of £1 each	4	4

3Transactions with directors

Name of director receiving advance or credit:	MR MICHAEL DAWOOD PATEL
Description of the transaction:	DIRECTOR
Balance at 1 November 2014:	£ 19,085
Advances or credits made:	£ 101,115
Advances or credits repaid:	£ 0
Balance at 31 October 2015:	£ 120,200

The ultimate controlling parties are MR MICHAEL DAWOOD PATEL,MR DAWOOD MICHAEL PATEL,SHANAZ KARENISA PATEL and PAULA JANE PATEL by virtue of their ownership of 25% each in the ordinary share capital of the company.