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Unaudited Financial Statements |
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for the Period 1 April 2018 to 30 April 2019 |
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for |
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MDI Motor Services Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 April 2018 to 30 April 2019 |
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for |
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MDI Motor Services Limited |
MDI Motor Services Limited (Registered number: 02894268) |
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Contents of the Financial Statements |
for the Period 1 April 2018 to 30 April 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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MDI Motor Services Limited |
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Company Information |
for the Period 1 April 2018 to 30 April 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2 Church Street |
Burnham |
Buckinghamshire |
SL1 7HZ |
MDI Motor Services Limited (Registered number: 02894268) |
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Balance Sheet |
30 April 2019 |
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30.4.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
MDI Motor Services Limited (Registered number: 02894268) |
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Balance Sheet - continued |
30 April 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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MDI Motor Services Limited (Registered number: 02894268) |
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Notes to the Financial Statements |
for the Period 1 April 2018 to 30 April 2019 |
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1. | STATUTORY INFORMATION |
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MDI Motor Services Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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MDI Motor Services Limited (Registered number: 02894268) |
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Notes to the Financial Statements - continued |
for the Period 1 April 2018 to 30 April 2019 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
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COST |
At 1 April 2018 |
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Disposals | ( |
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At 30 April 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Eliminated on disposal | ( |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 31 March 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.19 | 31.3.18 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.19 | 31.3.18 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 30 April 2019 and the year |
ended 31 March 2018: |
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30.4.19 | 31.3.18 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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MDI Motor Services Limited (Registered number: 02894268) |
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Notes to the Financial Statements - continued |
for the Period 1 April 2018 to 30 April 2019 |
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7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued |
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Interest was charged on the director's loan at HM Revenue & Customs' official rate. The loan was repaid within 9 |
months of the year end. |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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