MAD DOG CASTING LTD

Company Registration Number:
03871611 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MAD DOG CASTING LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MAD DOG CASTING LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 486,880 529,850
Tangible assets: 4 110,584 122,626
Total fixed assets: 597,464 652,476
Current assets
Debtors: 5 388,220 486,697
Cash at bank and in hand: 2,113 4,541
Total current assets: 390,333 491,238
Creditors: amounts falling due within one year: 6 (1,302,275) (1,183,678)
Net current assets (liabilities): (911,942) (692,440)
Total assets less current liabilities: (314,478) (39,964)
Creditors: amounts falling due after more than one year: 7 (757,071) (766,342)
Total net assets (liabilities): (1,071,549) (806,306)
Capital and reserves
Called up share capital: 50 50
Revaluation reserve:8455,000490,000
Other reserves: 50 50
Profit and loss account: (1,526,649) (1,296,406)
Shareholders funds: (1,071,549) (806,306)

The notes form part of these financial statements

MAD DOG CASTING LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 February 2024
and signed on behalf of the board by:

Name: Graham Beswick
Status: Director

The notes form part of these financial statements

MAD DOG CASTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Property plant and equipment are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost of each asset less expected residual values over their expected useful lives as follows Computer equipment - 20% straight line Fixtures and fittings - 25% straight line

Intangible fixed assets and amortisation policy

Intangible fixed assets are included at a valuation provided by the Company's IT advisors and represent the cost of recreating the company's computer systems and databases. It is being written off over its estimated useful life of 20 years

Other accounting policies

Going Concern The accounts have been drawn up on the going concern basis which assumes that the company will have adequate finance to continue to trade for the forseeable future. The company continues to seek new funds, pursue outstanding COVID insurance claims and the sale of group assets to ensure that the company's financial position is secure while it recovers from the after effect of the COVID epidemic in 2020 and 2021 and the SAG-Afra strikes in 2023. The director has taken professional advice and believes it is reasonable to assume that the required funding will be achieved. Should the going convcern basis not be appropriate, adjustments would have to be made to adjust the carrying value of assets to their recoverable amounts and to reclassify long term creditors as short term. Goodwill Goodwill, being the amount paid in connection with the acquisition of a business in 2018 is being amortised evenly over its estimated useful life of 10 years.

MAD DOG CASTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 9 16

MAD DOG CASTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 779,700
At 31 December 2023 779,700
Amortisation
At 01 January 2023 249,850
Charge for year 42,970
At 31 December 2023 292,820
Net book value
At 31 December 2023 486,880
At 31 December 2022 529,850

MAD DOG CASTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 445,759
Additions 59,600
At 31 December 2023 505,359
Depreciation
At 01 January 2023 323,133
Charge for year 71,642
At 31 December 2023 394,775
Net book value
At 31 December 2023 110,584
At 31 December 2022 122,626

MAD DOG CASTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

MAD DOG CASTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts secured 2023 £52,667 (2022 £116,647) Bank loans (unsecured) £5,833 (2022 £5,833) Trade creditors £1,089,423 (2022 £859,672) Tax and social security £60,345 (2022 £112,405) Other creditors £93,987 (2022 (£91,121) Total £1,302,275 (2022 £1,183,678)

MAD DOG CASTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

Bank loans and overdraft £21,946 (2022 £30,000) Other creditors £735,125 (2022 £736,342)

MAD DOG CASTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Revaluation reserve

2023
£
Balance at 01 January 2023 490,000
Surplus or deficit after revaluation (35,000)
Balance at 31 December 2023 455,000