REGISTERED NUMBER: SC196066 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

MDM CREATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M P Maciocia

SECRETARY:

Purple Venture Secretaries Ltd

REGISTERED OFFICE:

1 George Square

Castle Brae

Dunfermline

Fife

KY11 8QF

REGISTERED NUMBER:

SC196066 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Bank of Scotland

PO BOX 10

Kirkcaldy

Fife

KY1 3PA

SOLICITORS:

Young & Partners

1 George Square

Castle Brae

Dunfermline

Fife

KY11 8QF

FIXED ASSETS

Tangible assets

3

47,584

31,395

Investments

4

2

2

47,586

31,397

CURRENT ASSETS

Stocks

5

5,250

-

Debtors

6

19,665

41,755

Cash at bank

322,085

191,030

347,000

232,785

CREDITORS

Amounts falling due within one year

7

61,944

54,732

NET CURRENT ASSETS

285,056

178,053

TOTAL ASSETS LESS CURRENT LIABILITIES

332,642

209,450

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

332,640

209,448

SHAREHOLDERS' FUNDS

332,642

209,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 May 2018 and were signed by:

M P Maciocia - Director

1.	STATUTORY INFORMATION

MDM Creations Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and

registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and management fees raised, excluding value added tax

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance

sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2016

27,143

-

23,348

50,491

Additions

229

29,805

-

30,034

At 31 August 2017

27,372

29,805

23,348

80,525

DEPRECIATION

At 1 September 2016

4,752

-

14,344

19,096

Charge for year

3,393

7,451

3,001

13,845

At 31 August 2017

8,145

7,451

17,345

32,941

NET BOOK VALUE

At 31 August 2017

19,227

22,354

6,003

47,584

At 31 August 2016

22,391

-

9,004

31,395

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2016

and 31 August 2017

2

NET BOOK VALUE

At 31 August 2017

2

At 31 August 2016

2

5.

STOCKS

2017

2016

£

£

Stocks

5,250

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

8,142

2,184

Other debtors

11,523

39,571

19,665

41,755

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

232

195

Taxation and social security

34,762

20,635

Other creditors

26,950

33,902

61,944

54,732

8.	RELATED PARTY DISCLOSURES