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Company Registration No. 03619572 (England and Wales)
MADRIVE COMPUTING LIMITED Unaudited accounts for the year ended 30 September 2024
MADRIVE COMPUTING LIMITED Unaudited accounts Contents
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MADRIVE COMPUTING LIMITED Company Information for the year ended 30 September 2024
Directors
Maralina Rosa Maria Ambelez Marco Philip Ambelez
Company Number
03619572 (England and Wales)
Registered Office
181 HYLTON ROAD SUNDERLAND SR4 7YE ENGLAND
Accountants
Omar Ahmed (ACA) Aqua Accounting Ltd 5 Whittington Grove Newcastle upon Tyne NE5 2QP
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MADRIVE COMPUTING LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,156 
1,461 
Current assets
Debtors
167,125 
172,439 
Cash at bank and in hand
311,846 
319,816 
478,971 
492,255 
Creditors: amounts falling due within one year
(5,799)
(7,066)
Net current assets
473,172 
485,189 
Net assets
474,328 
486,650 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
474,228 
486,550 
Shareholders' funds
474,328 
486,650 
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by
Maralina Rosa Maria Ambelez Director Company Registration No. 03619572
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MADRIVE COMPUTING LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
MADRIVE COMPUTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03619572. The registered office is 181 HYLTON ROAD, SUNDERLAND, SR4 7YE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance method
Computer equipment
33% straightline method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
11,958 
6,600 
18,558 
Additions
- 
333 
333 
At 30 September 2024
11,958 
6,933 
18,891 
Depreciation
At 1 October 2023
11,300 
5,797 
17,097 
Charge for the year
506 
132 
638 
At 30 September 2024
11,806 
5,929 
17,735 
Net book value
At 30 September 2024
152 
1,004 
1,156 
At 30 September 2023
658 
803 
1,461 
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MADRIVE COMPUTING LIMITED Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
134 
18 
Accrued income and prepayments
118 
136 
Other debtors
166,873 
172,285 
167,125 
172,439 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
121 
106 
Loans from directors
5,510 
5,510 
Accruals
168 
1,450 
5,799 
7,066 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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