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Company Registration No. 12855374 (England and Wales)
MAD Vehicle Remarketing Limited Unaudited accounts for the year ended 30 September 2023
MAD Vehicle Remarketing Limited Unaudited accounts Contents
Page
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MAD Vehicle Remarketing Limited Company Information for the year ended 30 September 2023
Directors
Darren Walsh Mike Kay
Secretary
Darren Walsh
Company Number
12855374 (England and Wales)
Registered Office
71 - 75 Shelton Street Covent Garden London WC2H 9JQ
Accountants
Neil Law 290 Burnley Road East Waterfoot Rossendale Lancashire BB4 9HU
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MAD Vehicle Remarketing Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
925 
1,337 
Current assets
Inventories
88,568 
76,966 
Cash at bank and in hand
57,257 
70,018 
145,825 
146,984 
Creditors: amounts falling due within one year
(31,227)
(33,639)
Net current assets
114,598 
113,345 
Total assets less current liabilities
115,523 
114,682 
Creditors: amounts falling due after more than one year
(64,183)
(39,408)
Net assets
51,340 
75,274 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
51,338 
75,272 
Shareholders' funds
51,340 
75,274 
For the year ending 30 September 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 4 March 2024 and were signed on its behalf by
Darren Walsh Director Company Registration No. 12855374
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MAD Vehicle Remarketing Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
MAD Vehicle Remarketing Limited is a private company, limited by shares, registered in England and Wales, registration number 12855374. The registered office is 71 - 75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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:
Computer equipment
33% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
1,997 
At 30 September 2023
1,997 
Depreciation
At 1 October 2022
660 
Charge for the year
412 
At 30 September 2023
1,072 
Net book value
At 30 September 2023
925 
At 30 September 2022
1,337 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,814 
9,221 
Taxes and social security
18,250 
23,668 
Other creditors
313 
- 
Accruals
850 
750 
31,227 
33,639 
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MAD Vehicle Remarketing Limited Notes to the Accounts for the year ended 30 September 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
50,000 
- 
Loans from directors
14,183 
39,408 
64,183 
39,408 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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