REGISTERED NUMBER: 03811640 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

M.D.M. PACKAGING MACHINERY LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

M J Dodds

D Wainman

SECRETARY:

M J Dodds

REGISTERED OFFICE:

Units 1&2 Rubicon Centre

Broad Ground Road

Lakeside

REDDITCH

Worcestershire

B98 8YP

REGISTERED NUMBER:

03811640 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Chartered Accountants

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of M.D.M. Packaging Machinery Limited for the year ended 31 December 2017 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M.D.M. Packaging Machinery Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M.D.M. Packaging Machinery Limited and state those matters that we have agreed to state to the Board of Directors of M.D.M. Packaging Machinery Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.D.M. Packaging Machinery Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M.D.M. Packaging Machinery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M.D.M. Packaging Machinery Limited. You consider that M.D.M. Packaging Machinery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M.D.M. Packaging Machinery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

E R Grove & Co Limited

Chartered Accountants

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

12 September 2018

FIXED ASSETS

Tangible assets

4

2,441

3,201

CURRENT ASSETS

Stocks

350

200

Debtors

5

31,161

41,759

Cash at bank

29,202

1,606

60,713

43,565

CREDITORS

Amounts falling due within one year

6

41,387

43,384

NET CURRENT ASSETS

19,326

181

TOTAL ASSETS LESS CURRENT LIABILITIES

21,767

3,382

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

21,467

3,082

SHAREHOLDERS' FUNDS

21,767

3,382

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

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

The directors acknowledge their 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 Board of Directors on 12 September 2018 and were signed on its behalf by:

M J Dodds - Director

1.	STATUTORY INFORMATION

M.D.M. Packaging Machinery Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

2,937

1,854

3,556

8,347

DEPRECIATION

At 1 January 2017

2,552

1,842

752

5,146

Charge for year

55

4

701

760

At 31 December 2017

2,607

1,846

1,453

5,906

NET BOOK VALUE

At 31 December 2017

330

8

2,103

2,441

At 31 December 2016

385

12

2,804

3,201

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

31,161

41,759

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

10,452

19,241

Taxation and social security

19,528

15,953

Other creditors

11,407

8,190

41,387

43,384

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2017 and

31 December 2016:

2017

2016

£

£

M J Dodds

Balance outstanding at start of year

(4,958

)

(142

)

Amounts advanced

18,392

17,184

Amounts repaid

(20,000

)

(22,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,566

)

(4,958

)

D Wainman

Balance outstanding at start of year

(32

)

3,688

Amounts advanced

18,491

18,280

Amounts repaid

(20,000

)

(22,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,541

)

(32

)

During the year, interest free advances were made to the directors' which were repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, Mr D Wainman and Mr M Dodds, who own 100% of the issued

share capital.