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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
Page
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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
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M J Madkins Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,584 
106,947 
Current assets
Debtors
47,944 
18,464 
Cash at bank and in hand
87,203 
83,656 
135,147 
102,120 
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)
Capital and reserves
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
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M J Madkins Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2023
59,523 
7,828 
233 
67,584 
At 31 March 2022
91,222 
15,725 
- 
106,947 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,868 
18,464 
Accrued income and prepayments
2,076 
- 
47,944 
18,464 
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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 
- 
VAT
6,496 
7,064 
Obligations under finance leases and hire purchase contracts
- 
5,724 
Trade creditors
13,559 
2,842 
Loans from directors
13,779 
386,238 
Accruals
(300)
- 
53,534 
401,868 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
26,000 
Obligations under finance leases and hire purchase contracts
2,901 
2,901 
Loans from directors
31,200 
- 
34,101 
28,901 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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