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REGISTERED NUMBER: 11471328 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Madilu Ltd

Madilu Ltd (Registered number: 11471328)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Madilu Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr D Batrinac





REGISTERED OFFICE: 106 Argyle Road
London
E16 3NE





REGISTERED NUMBER: 11471328 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Madilu Ltd (Registered number: 11471328)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,339 12,406

CURRENT ASSETS
Debtors 5 25,743 15,682
Cash at bank 373 1,336
26,116 17,018
CREDITORS
Amounts falling due within one
year

6

13,813

17,914
NET CURRENT ASSETS/(LIABILITIES) 12,303 (896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,642

11,510

CREDITORS
Amounts falling due after more
than one year

7

31,944

37,500
NET LIABILITIES (15,302 ) (25,990 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (15,303 ) (25,991 )
SHAREHOLDERS' FUNDS (15,302 ) (25,990 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Madilu Ltd (Registered number: 11471328)

Balance Sheet - continued
31 July 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 8 April 2024 and were signed by:





Mr D Batrinac - Director


Madilu Ltd (Registered number: 11471328)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Madilu Ltd is a private company, limited by shares , registered in England and Wales. 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
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 August 2022 to 31 July 2023 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
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 4 (2022 - 5 ) .

Madilu Ltd (Registered number: 11471328)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 15,694 9,461 25,155
Disposals (15,694 ) - (15,694 )
At 31 July 2023 - 9,461 9,461
DEPRECIATION
At 1 August 2022 9,073 3,676 12,749
Charge for year - 1,446 1,446
Eliminated on disposal (9,073 ) - (9,073 )
At 31 July 2023 - 5,122 5,122
NET BOOK VALUE
At 31 July 2023 - 4,339 4,339
At 31 July 2022 6,621 5,785 12,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,172 4,700
Other debtors 23,571 10,982
25,743 15,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 1 82
Taxation and social security 7,656 12,276
Other creditors 600 -
13,813 17,914

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 31,944 37,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

Madilu Ltd (Registered number: 11471328)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RESERVES
Retained
earnings
£   

At 1 August 2022 (25,991 )
Profit for the year 10,688
At 31 July 2023 (15,303 )

10. RELATED PARTY DISCLOSURES

During the year, no dividend was paid to the director.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Batrinac.

By virtue of being the sole director of the company and control 100% of the ordinary share capital of the company.