MADISON GROUP MANAGEMENT LIMITED

Company Registration Number:
13423905 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MADISON GROUP MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MADISON GROUP MANAGEMENT LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Richard Mark Warren
Aneil Handa


Secretary Richard Mark Warren

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2024

And signed on behalf of the board by:
Name: Richard Mark Warren
Status: Secretary

MADISON GROUP MANAGEMENT LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 1,591,643 1,143,817
Cost of sales: ( 703,063 ) 0
Gross profit(or loss): 888,580 1,143,817
Distribution costs: 0 0
Administrative expenses: ( 594,009 ) ( 860,274 )
Other operating income: 0 0
Operating profit(or loss): 294,571 283,543
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 219,547 ) 0
Profit(or loss) before tax: 75,024 283,543
Tax: 53,603 ( 72,359 )
Profit(or loss) for the financial year: 128,627 211,184

MADISON GROUP MANAGEMENT LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 37,273 27,674
Investments:   0 0
Total fixed assets: 37,273 27,674
Current assets
Stocks:   0 0
Debtors: 4 2,190,289 2,233,159
Cash at bank and in hand: 314,011 104,863
Investments:   0 0
Total current assets: 2,504,300 2,338,022
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 2,150,855 ) ( 2,019,305 )
Net current assets (liabilities): 353,445 318,717
Total assets less current liabilities: 390,718 346,391
Creditors: amounts falling due after more than one year: 6 0 ( 84,300 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 390,718 262,091
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 390,717 262,090
Total Shareholders' funds: 390,718 262,091

The notes form part of these financial statements

MADISON GROUP MANAGEMENT LIMITED

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.

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

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: Richard Mark Warren
Status: Director

The notes form part of these financial statements

MADISON GROUP MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost, less accumulated depreciation and accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their estimated useful lives as follows: Fixtures and fittings - 10% straight line Computer equipment - 20% straight line

    Other accounting policies

    Revenue Employee Benefits Leased Assets Current and Deferred Tax Financial Instruments

MADISON GROUP MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 15 6

MADISON GROUP MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 0 14,832 14,304 0 29,136
Additions 0 0 7,621 4,809 0 12,430
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2023 0 0 22,453 19,113 0 41,566
Depreciation
At 1 January 2023 0 0 468 994 0 1,462
Charge for year 0 0 865 1,966 0 2,831
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 December 2023 0 0 1,333 2,960 0 4,293
Net book value
At 31 December 2023 0 0 21,120 16,153 0 37,273
At 31 December 2022 0 0 14,364 13,310 0 27,674

MADISON GROUP MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 196,748 327,921
Prepayments and accrued income 200,592 154,990
Other debtors 1,792,949 1,750,248
Total 2,190,289 2,233,159
Debtors due after more than one year: 0 0

MADISON GROUP MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 27,518 9,726
Taxation and social security 104,018 80,746
Accruals and deferred income 20,523 170,356
Other creditors 1,998,796 1,758,477
Total 2,150,855 2,019,305

MADISON GROUP MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 84,300
Total 0 84,300