IRIS Accounts Production v23.3.1.45 09594128 Board of Directors 1.10.22 30.9.23 30.9.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095941282022-09-30095941282023-09-30095941282022-10-012023-09-30095941282021-09-30095941282021-10-012022-09-30095941282022-09-3009594128ns10:Originalns15:EnglandWales2022-10-012023-09-3009594128ns14:PoundSterlingns10:Original2022-10-012023-09-3009594128ns10:Originalns10:Director12022-10-012023-09-3009594128ns10:Original2022-10-012023-09-3009594128ns10:Original2023-09-3009594128ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3009594128ns10:Originalns10:SmallEntities2022-10-012023-09-3009594128ns10:Originalns10:AuditExemptWithAccountantsReport2022-10-012023-09-3009594128ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3009594128ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3009594128ns10:Originalns10:FullAccounts2022-10-012023-09-3009594128ns10:Original2021-10-012022-09-3009594128ns10:Originalns10:Director22022-10-012023-09-3009594128ns10:Originalns10:RegisteredOffice2022-10-012023-09-3009594128ns10:Original2022-09-3009594128ns10:Originalns5:CurrentFinancialInstruments2023-09-3009594128ns10:Originalns5:CurrentFinancialInstruments2022-09-3009594128ns10:Originalns5:Non-currentFinancialInstruments2023-09-3009594128ns10:Originalns5:Non-currentFinancialInstruments2022-09-3009594128ns5:ShareCapitalns10:Original2023-09-3009594128ns5:ShareCapitalns10:Original2022-09-3009594128ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3009594128ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3009594128ns10:Originalns5:FurnitureFittings2022-10-012023-09-3009594128ns10:Originalns5:ComputerEquipment2022-10-012023-09-3009594128ns10:Originalns5:PlantMachinery2022-09-3009594128ns10:Originalns5:PlantMachinery2022-10-012023-09-3009594128ns10:Originalns5:PlantMachinery2023-09-3009594128ns10:Originalns5:PlantMachinery2022-09-3009594128ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-3009594128ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-09-3009594128ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3009594128ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-09-30
REGISTERED NUMBER: 09594128 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MAD4MOBILES (BEXHILL) LIMITED

MAD4MOBILES (BEXHILL) LIMITED (REGISTERED NUMBER: 09594128)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

MAD4MOBILES (BEXHILL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: S J Chantel
M Chantel





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 09594128 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

MAD4MOBILES (BEXHILL) LIMITED (REGISTERED NUMBER: 09594128)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,671 422

CURRENT ASSETS
Stocks 5 22,250 17,250
Cash at bank and in hand 68,155 83,666
90,405 100,916
CREDITORS
Amounts falling due within one year 6 55,611 51,498
NET CURRENT ASSETS 34,794 49,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,465

49,840

CREDITORS
Amounts falling due after more than one
year

7

(9,556

)

(15,412

)

PROVISIONS FOR LIABILITIES (1,077 ) (80 )
NET ASSETS 29,832 34,348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,732 34,248
SHAREHOLDERS' FUNDS 29,832 34,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:



S J Chantel - Director


MAD4MOBILES (BEXHILL) LIMITED (REGISTERED NUMBER: 09594128)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Mad4Mobiles (Bexhill) Limited 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
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.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements. Against the backdrop of the COVID-19 Pandemic the directors have paid particular attention to likely cashflow requirements and the future availability of adequate cashflow to the company.


On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

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

Turnover represents net invoiced sales of goods/services excluding value added tax. Turnover is recognised when the company receives the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MAD4MOBILES (BEXHILL) LIMITED (REGISTERED NUMBER: 09594128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 897
Additions 7,377
At 30 September 2023 8,274
DEPRECIATION
At 1 October 2022 475
Charge for year 2,128
At 30 September 2023 2,603
NET BOOK VALUE
At 30 September 2023 5,671
At 30 September 2022 422

5. STOCKS
30.9.23 30.9.22
£    £   
Stocks 22,250 17,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 6,449 6,593
Trade creditors 39,229 8,996
Tax - 6,020
VAT 705 1,685
Other creditors - 16,612
Directors' current accounts 8,628 10,991
Accrued expenses 600 601
55,611 51,498

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 6,449 6,593
Bank loans - 2-5 years 3,107 8,819
9,556 15,412

MAD4MOBILES (BEXHILL) LIMITED (REGISTERED NUMBER: 09594128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. RELATED PARTY DISCLOSURES

A directors current account exists at the year end. The director, Mr S Chantel was owed £8,628 (2022 - £10,991) by the company.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MAD4MOBILES (BEXHILL) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mad4Mobiles (Bexhill) Limited for the year ended 30 September 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mad4Mobiles (Bexhill) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mad4Mobiles (Bexhill) Limited and state those matters that we have agreed to state to the Board of Directors of Mad4Mobiles (Bexhill) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mad4Mobiles (Bexhill) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mad4Mobiles (Bexhill) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mad4Mobiles (Bexhill) Limited. You consider that Mad4Mobiles (Bexhill) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mad4Mobiles (Bexhill) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


18 January 2024