Company Registration No. 10689736 (England and Wales)
M J Madkins Limited
Unaudited accounts
for the year ended 31 March 2023
M J Madkins Limited
Unaudited accounts
Contents
M J Madkins Limited
Company Information
for the year ended 31 March 2023
Directors
Mark Madkins
Michael Madkins
Company Number
10689736 (England and Wales)
Registered Office
14 THORNTON ROAD
NASH
MILTON KEYNES
MK17 0EY
ENGLAND
Accountants
Bidwell Accountancy Limited
157 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
M J Madkins Limited
Statement of financial position
as at 31 March 2023
Tangible assets
67,584
106,947
Cash at bank and in hand
87,203
83,656
Creditors: amounts falling due within one year
(53,534)
(401,868)
Net current assets/(liabilities)
81,613
(299,748)
Total assets less current liabilities
149,197
(192,801)
Creditors: amounts falling due after more than one year
(34,101)
(28,901)
Net assets/(liabilities)
115,096
(221,702)
Called up share capital
355,041
3
Profit and loss account
(239,945)
(221,705)
Shareholders' funds
115,096
(221,702)
For the year ending 31 March 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 17 October 2023 and were signed on its behalf by
Michael Madkins
Director
Company Registration No. 10689736
M J Madkins Limited
Notes to the Accounts
for the year ended 31 March 2023
M J Madkins Limited is a private company, limited by shares, registered in England and Wales, registration number 10689736. The registered office is 14 THORNTON ROAD, NASH, MILTON KEYNES, MK17 0EY, ENGLAND.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
323,558
110,315
-
433,873
Additions
24,349
-
349
24,698
Disposals
(27,850)
(7,500)
-
(35,350)
At 31 March 2023
320,057
102,815
349
423,221
At 1 April 2022
232,336
94,590
-
326,926
Charge for the year
55,084
7,897
116
63,097
On disposals
(26,886)
(7,500)
-
(34,386)
At 31 March 2023
260,534
94,987
116
355,637
At 31 March 2023
59,523
7,828
233
67,584
At 31 March 2022
91,222
15,725
-
106,947
Amounts falling due within one year
Trade debtors
45,868
18,464
Accrued income and prepayments
2,076
-
M J Madkins Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
20,000
-
Obligations under finance leases and hire purchase contracts
-
5,724
Trade creditors
13,559
2,842
Loans from directors
13,779
386,238
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,901
2,901
Loans from directors
31,200
-
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).