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MADD RECOVERY LIMITED

Registered Number
SC684878
(Scotland)

Unaudited Financial Statements for the Year ended
31 January 2024

MADD RECOVERY LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

TODD, Marc Iain

Registered Address

106 Mitchell Street
Coatbridge
ML5 5RF

Registered Number

SC684878 (Scotland)
MADD RECOVERY LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3159,15263,496
159,15263,496
Current assets
Debtors6,2821,099
Cash at bank and on hand11,82790
18,1091,189
Creditors amounts falling due within one year4(195,145)(64,538)
Net current assets (liabilities)(177,036)(63,349)
Total assets less current liabilities(17,884)147
Net assets(17,884)147
Capital and reserves
Profit and loss account(17,884)147
Shareholders' funds(17,884)147
The financial statements were approved and authorised for issue by the Director on 30 July 2024, and are signed on its behalf by:
TODD, Marc Iain
Director
Registered Company No. SC684878
MADD RECOVERY LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 February 2370,12170,121
Additions119,000119,000
At 31 January 24189,121189,121
Depreciation and impairment
At 01 February 236,6256,625
Charge for year23,34423,344
At 31 January 2429,96929,969
Net book value
At 31 January 24159,152159,152
At 31 January 2363,49663,496
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables102,39187
Bank borrowings and overdrafts76,01364,451
Taxation and social security16,741-
Total195,14564,538
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.