MDM DIGITAL GROUP LIMITED

Company Registration Number:
10489997 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2019

Period of accounts

Start date: 1 December 2018

End date: 30 November 2019

MDM DIGITAL GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2019

Balance sheet
Additional notes
Balance sheet notes

MDM DIGITAL GROUP LIMITED

Balance sheet

As at 30 November 2019

Notes 2019 2018


£

£
Fixed assets
Tangible assets: 3 0 4,768
Total fixed assets: 0 4,768
Current assets
Debtors: 4 0 1,838
Cash at bank and in hand: 0 2,023
Total current assets: 0 3,861
Creditors: amounts falling due within one year: 5 ( 15,328 ) ( 16,767 )
Net current assets (liabilities): (15,328) (12,906)
Total assets less current liabilities: (15,328) ( 8,138)
Total net assets (liabilities): (15,328) (8,138)
Capital and reserves
Called up share capital: 12 12
Profit and loss account: (15,340 ) (8,150 )
Total Shareholders' funds: ( 15,328 ) (8,138)

The notes form part of these financial statements

MDM DIGITAL GROUP LIMITED

Balance sheet statements

For the year ending 30 November 2019 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 November 2020
and signed on behalf of the board by:

Name: R Morar
Status: Director

The notes form part of these financial statements

MDM DIGITAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

    Tangible fixed assets depreciation policy

    Tangible Assets Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Office equipment - 20% reducing balance

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currently of the entity.Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

MDM DIGITAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

  • 2. Employees

    2019 2018
    Average number of employees during the period 2 3

MDM DIGITAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2018 7,260 7,260
Additions
Disposals ( 7,260 ) ( 7,260 )
Revaluations
Transfers
At 30 November 2019 0 0
Depreciation
At 1 December 2018 2,492 2,492
Charge for year
On disposals ( 2,492 ) ( 2,492 )
Other adjustments
At 30 November 2019 0 0
Net book value
At 30 November 2019 0 0
At 30 November 2018 4,768 4,768

MDM DIGITAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

4. Debtors

2019 2018
£ £
Other debtors 0 1,838
Total 0 1,838

MDM DIGITAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

5. Creditors: amounts falling due within one year note

2019 2018
£ £
Bank loans and overdrafts 6 0
Other creditors 15,322 16,767
Total 15,328 16,767

MDM DIGITAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

6. Loans to directors

Directors' advances, credits and guaranteesAll movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.