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
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
MADRIVE COMPUTING LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
1,156
1,461
Cash at bank and in hand
311,846
319,816
Creditors: amounts falling due within one year
(5,799)
(7,066)
Net current assets
473,172
485,189
Net assets
474,328
486,650
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
MADRIVE COMPUTING LIMITED
Notes to the Accounts
for the year ended 30 September 2024
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.
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 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 September 2024
11,958
6,933
18,891
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
At 30 September 2024
152
1,004
1,156
At 30 September 2023
658
803
1,461
MADRIVE COMPUTING LIMITED
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
118
136
Other debtors
166,873
172,285
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
5,510
5,510
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).