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REGISTERED NUMBER: 06046517 (England and Wales)















MadAboutDesign Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






MadAboutDesign Ltd (Registered number: 06046517)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MadAboutDesign Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: F T Cooke
S J Clark





SECRETARY: S J Clark





REGISTERED OFFICE: 3 - 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Gilmoora House
57-61 Mortimer Street
London
W1W 8HS





REGISTERED NUMBER: 06046517 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

MadAboutDesign Ltd (Registered number: 06046517)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,879 18,801

CURRENT ASSETS
Debtors 5 180,445 228,317
Cash at bank 225,523 83,957
405,968 312,274
CREDITORS
Amounts falling due within one year 6 306,609 216,758
NET CURRENT ASSETS 99,359 95,516
TOTAL ASSETS LESS CURRENT LIABILITIES 115,238 114,317

CREDITORS
Amounts falling due after more than one
year

7

(21,865

)

(31,961

)

PROVISIONS FOR LIABILITIES (3,984 ) (3,572 )
NET ASSETS 89,389 78,784

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89,289 78,684
SHAREHOLDERS' FUNDS 89,389 78,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MadAboutDesign Ltd (Registered number: 06046517)

Statement of Financial Position - continued
31 March 2024


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 Board of Directors and authorised for issue on 5 June 2024 and were signed on its behalf by:





F T Cooke - Director


MadAboutDesign Ltd (Registered number: 06046517)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MadAboutDesign 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MadAboutDesign Ltd (Registered number: 06046517)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 48,117
Additions 6,264
Disposals (5,801 )
At 31 March 2024 48,580
DEPRECIATION
At 1 April 2023 29,316
Charge for year 8,871
Eliminated on disposal (5,486 )
At 31 March 2024 32,701
NET BOOK VALUE
At 31 March 2024 15,879
At 31 March 2023 18,801

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 138,288 206,078
Other debtors 42,157 22,239
180,445 228,317

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,099 9,850
Trade creditors 111,914 134,111
Taxation and social security 84,299 41,910
Other creditors 100,297 30,887
306,609 216,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 21,865 31,961

MadAboutDesign Ltd (Registered number: 06046517)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. OPERATING LEASE COMMITMENTS

The company has future operating lease commitments of £183,199 (2023: £39,119).