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Company Registration No. 12748023 (England and Wales)
MAD CAD LTD Unaudited accounts for the year ended 31 July 2023
MAD CAD LTD Unaudited accounts Contents
Page
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MAD CAD LTD Company Information for the year ended 31 July 2023
Director
Mr Syed Ali
Secretary
Ms Madiha Tauseen
Company Number
12748023 (England and Wales)
Registered Office
8 Potsford Road Cawston Rugby CV22 7YY
Accountants
Atmos Bookkeeping Ltd 32 Aconbury Close Worcester WR5 1JD
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MAD CAD LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,447 
6,160 
Current assets
Debtors
6,930 
7,289 
Cash at bank and in hand
12,693 
7,556 
19,623 
14,845 
Creditors: amounts falling due within one year
(14,562)
(11,350)
Net current assets
5,061 
3,495 
Net assets
20,508 
9,655 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
20,506 
9,653 
Shareholders' funds
20,508 
9,655 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 17 November 2023 and were signed on its behalf by
Mr Syed Ali Director Company Registration No. 12748023
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MAD CAD LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
MAD CAD LTD is a private company, limited by shares, registered in England and Wales, registration number 12748023. The registered office is 8 Potsford Road, Cawston, Rugby, CV22 7YY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 provision of engineering design services is recognised in the period in which the services are provided.
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
Mixture of 25% and 50% straight line
Fixtures & fittings
33% straight line
Computer equipment
Mixture of 33% and 50% straight line
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. Grants that impose specified future performance-related conditions are recognised in income when the performance-related conditions are met. Grants that do not impose specified future performance-related conditions are recognised in income when the grant proceeds are received or receivable. Grants received before the revenue recognition criteria are satisfied are recognised as liabilities.
Financial instruments
Basic financial instruments, other than arrangements constituting financing transactions, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Basic financial instruments classified as payable or receivable within one year are not amortised. Arrangements constituting financing transactions are measured at the present value of the future payments or receipts discounted at a market rate of interest.
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MAD CAD LTD Notes to the Accounts for the year ended 31 July 2023
Going concern
The financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
7,202 
520 
1,556 
9,278 
Additions
14,925 
385 
856 
16,166 
At 31 July 2023
22,127 
905 
2,412 
25,444 
Depreciation
At 1 August 2022
1,895 
221 
1,002 
3,118 
Charge for the year
5,626 
302 
951 
6,879 
At 31 July 2023
7,521 
523 
1,953 
9,997 
Net book value
At 31 July 2023
14,606 
382 
459 
15,447 
At 31 July 2022
5,307 
299 
554 
6,160 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,930 
6,630 
Other debtors
- 
659 
6,930 
7,289 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,562 
4,337 
Trade creditors
- 
115 
Taxes and social security
8,469 
6,291 
Other creditors
531 
607 
14,562 
11,350 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Transactions with related parties
Amounts due to related parties: At the reporting date, there were no amounts owed to key management personnel (2022: £0).
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MAD CAD LTD Notes to the Accounts for the year ended 31 July 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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