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REGISTERED NUMBER: SC363825 (Scotland)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Madach Solutions Ltd

Madach Solutions Ltd (Registered number: SC363825)






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


Madach Solutions Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: P M Cruickshanks





REGISTERED OFFICE: 9 Balloch Holdings
Cumbernauld
Glasgow
G68 9AT





REGISTERED NUMBER: SC363825 (Scotland)






Madach Solutions Ltd (Registered number: SC363825)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10 12
Tangible assets 5 222 261
232 273

CURRENT ASSETS
Debtors 6 475 475
Cash at bank and in hand 96 697
571 1,172
CREDITORS
Amounts falling due within one year 7 4,141 3,681
NET CURRENT LIABILITIES (3,570 ) (2,509 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,338

)

(2,236

)

CREDITORS
Amounts falling due after more than one
year

8

4,463

5,106
NET LIABILITIES (7,801 ) (7,342 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (7,802 ) (7,343 )
SHAREHOLDERS' FUNDS (7,801 ) (7,342 )

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 director acknowledges her 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.

Madach Solutions Ltd (Registered number: SC363825)

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 director and authorised for issue on 21 November 2023 and were signed by:





P M Cruickshanks - Director


Madach Solutions Ltd (Registered number: SC363825)

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

1. STATUTORY INFORMATION

Madach Solutions Ltd is a private company, limited by shares , registered in Scotland. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Formation costs are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Madach Solutions Ltd (Registered number: SC363825)

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

4. INTANGIBLE FIXED ASSETS
Formation Computer
costs software Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 157 340 497
AMORTISATION
At 1 March 2022 157 328 485
Amortisation for year - 2 2
At 28 February 2023 157 330 487
NET BOOK VALUE
At 28 February 2023 - 10 10
At 28 February 2022 - 12 12

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 305 603 908
DEPRECIATION
At 1 March 2022 53 594 647
Charge for year 6 33 39
At 28 February 2023 59 627 686
NET BOOK VALUE
At 28 February 2023 246 (24 ) 222
At 28 February 2022 252 9 261

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Debtors & accrued income 475 475

Madach Solutions Ltd (Registered number: SC363825)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax 1,635 1,635
Social security and other taxes 941 941
VAT 405 405
Directors' current accounts 860 -
Accrued expenses 300 700
4,141 3,681

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bounce Back Loan 4,463 5,106

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 March 2022 (7,343 )
Deficit for the year (459 )
At 28 February 2023 (7,802 )