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REGISTERED NUMBER: 06282908 (England and Wales)















MAD CONSULTANCY SERVICES LIMITED

Unaudited Financial Statements

for the Year Ended 30 November 2023






MAD CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 06282908)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAD CONSULTANCY SERVICES LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr D K Williams
Mrs E Williams
Mr C T Williams





REGISTERED OFFICE: Vine Tree Cottage
Common Road
Gilwern
Abergavenny
Monmouthshire
NP7 0DS





REGISTERED NUMBER: 06282908 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

MAD CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 06282908)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196,533 202,307

CURRENT ASSETS
Stocks 500 5,000
Debtors 5 164,453 164,412
Cash at bank and in hand 50 2,006
165,003 171,418
CREDITORS
Amounts falling due within one year 6 124,355 116,890
NET CURRENT ASSETS 40,648 54,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,181

256,835

CREDITORS
Amounts falling due after more than one year 7 131,611 145,390
NET ASSETS 105,570 111,445

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 105,470 111,345
105,570 111,445

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mr D K Williams - Director


MAD CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 06282908)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

MAD Consultancy Services 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.

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.

The financial statements have been prepared on a going concern basis. The directors have considered the future trading of the company and its ongoing financial requirements and are satisfied that with their personal support, the company is a going concern.

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 and services and contracts completed during the year excluding value added. Revenue arising from mobile phone contracts includes future revenue stream for the length of that contract which may be for a period in excess of 12 months.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% 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 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.

MAD CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 06282908)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 192,810 4,800 2,601 6,800 207,011
Disposals - - - (5,700 ) (5,700 )
At 30 November 2023 192,810 4,800 2,601 1,100 201,311
DEPRECIATION
At 1 December 2022 - 960 1,819 1,925 4,704
Charge for year - 960 544 220 1,724
Eliminated on disposal - - - (1,650 ) (1,650 )
At 30 November 2023 - 1,920 2,363 495 4,778
NET BOOK VALUE
At 30 November 2023 192,810 2,880 238 605 196,533
At 30 November 2022 192,810 3,840 782 4,875 202,307

5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 72,013 81,034
Other debtors 400 746
72,413 81,780

Amounts falling due after more than one year:
Trade debtors 92,040 82,632

Aggregate amounts 164,453 164,412

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 17,683 10,800
Taxation and social security 670 4,688
Other creditors 106,002 101,402
124,355 116,890

MAD CONSULTANCY SERVICES LIMITED (REGISTERED NUMBER: 06282908)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 131,611 145,390

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 107,911 115,690

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are Mr & Mrs Williams by virtue of their 80% shareholding.