MDM DIGITAL GROUP LIMITED

Company Registration Number:
10489997 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2020

Period of accounts

Start date: 1 December 2019

End date: 30 November 2020

MDM DIGITAL GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2020

Directors report
Balance sheet
Additional notes
Balance sheet notes

MDM DIGITAL GROUP LIMITED

Directors' report period ended 30 November 2020

The directors present their report with the financial statements of the company for the period ended 30 November 2020

Directors

The directors shown below have held office during the whole of the period from
1 December 2019 to 30 November 2020

R Morar
M Rajon Ali


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 August 2021

And signed on behalf of the board by:
Name: R Morar
Status: Director

MDM DIGITAL GROUP LIMITED

Balance sheet

As at 30 November 2020

Notes 2020 2019


£

£
Creditors: amounts falling due within one year: 3 ( 15,328 ) ( 15,328 )
Net current assets (liabilities): (15,328) (15,328)
Total assets less current liabilities: (15,328) ( 15,328)
Total net assets (liabilities): (15,328) (15,328)
Capital and reserves
Called up share capital: 12 12
Profit and loss account: (15,340 ) (15,340 )
Total Shareholders' funds: ( 15,328 ) (15,328)

The notes form part of these financial statements

MDM DIGITAL GROUP LIMITED

Balance sheet statements

For the year ending 30 November 2020 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 31 August 2021
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 2020

  • 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.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    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 balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

    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.TaxationThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on table profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

MDM DIGITAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

  • 2. Employees

    2020 2019
    Average number of employees during the period 0 2

MDM DIGITAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

3. Creditors: amounts falling due within one year note

2020 2019
£ £
Bank loans and overdrafts 0 6
Other creditors 15,328 15,322
Total 15,328 15,328

MDM DIGITAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

4. 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.