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REGISTERED NUMBER: 04571414















Financial Statements for the Year Ended 28 February 2023

for

Madex Logistics Ltd

Madex Logistics Ltd (Registered number: 04571414)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Madex Logistics Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M A Gudgeon
A R Gudgeon





REGISTERED OFFICE: 940 Green Lanes
London
N21 2AD





REGISTERED NUMBER: 04571414





ACCOUNTANTS: Graeme Bruce & Partners LLP
940 Green Lanes
London
N21 2AD

Madex Logistics Ltd (Registered number: 04571414)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 561,409 646,508

CURRENT ASSETS
Debtors 5 1,539,567 1,347,370
Cash at bank 860,019 588,371
2,399,586 1,935,741
CREDITORS
Amounts falling due within one year 6 1,817,316 1,394,902
NET CURRENT ASSETS 582,270 540,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143,679

1,187,347

CREDITORS
Amounts falling due after more than one
year

7

(30,000

)

(40,000

)

PROVISIONS FOR LIABILITIES (117,838 ) (117,838 )
NET ASSETS 995,841 1,029,509

CAPITAL AND RESERVES
Called up share capital 106 105
Retained earnings 995,735 1,029,404
SHAREHOLDERS' FUNDS 995,841 1,029,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Madex Logistics Ltd (Registered number: 04571414)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 10 November 2023 and were signed on its behalf by:





M A Gudgeon - Director


Madex Logistics Ltd (Registered number: 04571414)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Madex Logistics Ltd is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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 36 (2022 - 36 ) .

Madex Logistics Ltd (Registered number: 04571414)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 1,460,151
Additions 28,500
Disposals (4,800 )
At 28 February 2023 1,483,851
DEPRECIATION
At 1 March 2022 813,643
Charge for year 113,318
Eliminated on disposal (4,519 )
At 28 February 2023 922,442
NET BOOK VALUE
At 28 February 2023 561,409
At 28 February 2022 646,508

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,425,107 1,207,911
Other debtors 114,460 139,459
1,539,567 1,347,370

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 8,333 73,707
Trade creditors 846,897 250,095
Taxation and social security 378,685 262,759
Other creditors 583,401 808,341
1,817,316 1,394,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 30,000 40,000