Company Registration No. 09381874 (England and Wales)
MAD4DIGITAL LIMITED
Unaudited accounts
for the year ended 31 January 2023
MAD4DIGITAL LIMITED
Unaudited accounts
Contents
MAD4DIGITAL LIMITED
Company Information
for the year ended 31 January 2023
Directors
Donavan Whyte
Shirley Whyte
Company Number
09381874 (England and Wales)
Registered Office
19 Albertine Grove
Wickham Grange
West Wickham
BR4 9FA
Accountants
Fox Accountancy Limited
88 Corbets Tey Road
Upminster
Essex
RM14 2BA
MAD4DIGITAL LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
5,848
4,679
Cash at bank and in hand
82,569
75,564
Creditors: amounts falling due within one year
(45,933)
(42,431)
Net current assets
63,678
57,013
Called up share capital
100
100
Profit and loss account
69,426
61,592
Shareholders' funds
69,526
61,692
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by
Donavan Whyte
Director
Company Registration No. 09381874
MAD4DIGITAL LIMITED
Notes to the Accounts
for the year ended 31 January 2023
MAD4DIGITAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09381874. The registered office is 19 Albertine Grove , Wickham Grange , West Wickham, BR4 9FA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line over 4 years
Motor vehicles
Straight line over 4 years
Fixtures & fittings
Straight line over 4 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
14,924
4,159
2,938
22,021
At 31 January 2023
14,924
4,159
7,111
26,194
At 1 February 2022
12,448
4,159
735
17,342
Charge for the year
1,226
-
1,778
3,004
At 31 January 2023
13,674
4,159
2,513
20,346
At 31 January 2023
1,250
-
4,598
5,848
At 31 January 2022
2,476
-
2,203
4,679
MAD4DIGITAL LIMITED
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Accrued income and prepayments
-
17,916
Other debtors
19,231
5,964
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
17,444
42,431
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan
(779)
36,171
29,000
6,392
Interest free loan
6,307
35,107
29,000
12,414
5,528
71,278
58,000
18,806
The net directors loan is included within other debtors, note 5 at the year end.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).