Company registration number:
NI684756
MAD Colour Limited
Unaudited filleted financial statements
31 May 2023
MAD Colour Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
MAD Colour Limited
Directors and other information
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Directors |
Robert James McMinnis |
(Appointed 5 January 2022) |
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Anna McMinnis |
(Appointed 5 January 2022) |
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Company number |
NI684756 |
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Registered office |
6 Alexander Road |
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Belfast |
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BT6 9FN |
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Accountants |
Hill Vellacott |
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22 Great Victoria Street |
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Belfast |
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BT2 7BA |
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Report to the board of directors on the preparation of the
unaudited statutory financial statements of
MAD Colour Limited
Period ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MAD Colour Limited for the period ended 31 May 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of MAD Colour Limited, as a body, in accordance with the terms of our engagement letter dated 14 August 2023. Our work has been undertaken solely to prepare for your approval the financial statements of MAD Colour Limited and state those matters that we have agreed to state to the board of directors of MAD Colour Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAD Colour Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that MAD Colour 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 loss of MAD Colour Limited. You consider that MAD Colour Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of MAD Colour 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.
Hill Vellacott
22 Great Victoria Street
Belfast
BT2 7BA
2 October 2023
MAD Colour Limited
Statement of financial position
31 May 2023
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31/05/23 |
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£ |
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Fixed assets |
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1,772,908 |
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_______ |
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Current assets |
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163,261 |
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Creditors: amounts falling due within one year |
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(
1,185,415) |
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_______ |
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Net current liabilities |
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1,022,154) |
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_______ |
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Total assets less current liabilities |
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750,754 |
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Creditors: amounts falling due after more than one year |
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(
897,097) |
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Accruals and deferred income |
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(
2,000) |
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_______ |
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Net liabilities |
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148,343) |
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Capital and reserves |
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(
148,343) |
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_______ |
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Notes to the financial statements
MAD Colour Limited
Period ended 31 May 2023
1.
Employee numbers
The average number of persons employed by the company during the period amounted to Nil.
2.
Directors advances, credits and guarantees
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During the period the directors entered into the following advances and credits with the company: |
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Period ended 31/05/23 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
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£ |
£ |
£ |
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Robert James McMinnis |
- |
(
439,950) |
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439,950) |
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Anna McMinnis |
- |
(
439,950) |
(
439,950) |
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_______ |
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- |
(
879,900) |
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879,900) |
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For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
02 October 2023
, and are signed on behalf of the board by:
Robert James McMinnis
Director
Company registration number:
NI684756
The company is a private company limited by shares, registered in United Kingdom.