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Company Registration No. 11885298 (England and Wales)
Madina Import Export Uk Ltd Unaudited accounts for the year ended 31 March 2024
Madina Import Export Uk Ltd Unaudited accounts Contents
Page
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Madina Import Export Uk Ltd Company Information for the year ended 31 March 2024
Director
Mr A Pervaiz
Company Number
11885298 (England and Wales)
Registered Office
UNIT C25 - 26 WHITWORTH STREET MANCHESTER M11 2WP ENGLAND
Accountants
Quicksolve Accountans 1040 Stockport Road Manchester M19 3WX
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Madina Import Export Uk Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
139,158 
119,025 
Current assets
Inventories
54,150 
38,412 
Debtors
217,642 
227,577 
Cash at bank and in hand
54,000 
63,492 
325,792 
329,481 
Creditors: amounts falling due within one year
(304,947)
(201,912)
Net current assets
20,845 
127,569 
Total assets less current liabilities
160,003 
246,594 
Creditors: amounts falling due after more than one year
(22,330)
(13,803)
Net assets
137,673 
232,791 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
137,573 
232,691 
Shareholders' funds
137,673 
232,791 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 7 October 2024 and were signed on its behalf by
Mr A Pervaiz Director Company Registration No. 11885298
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Madina Import Export Uk Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Madina Import Export Uk Ltd is a private company, limited by shares, registered in England and Wales, registration number 11885298. The registered office is UNIT C25 - 26, WHITWORTH STREET, MANCHESTER, M11 2WP, 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.
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
15%
Computer equipment
20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
18,249 
182,353 
3,403 
204,005 
Additions
1,854 
48,826 
- 
50,680 
At 31 March 2024
20,103 
231,179 
3,403 
254,685 
Depreciation
At 1 April 2023
9,837 
73,393 
1,750 
84,980 
Charge for the year
1,848 
28,401 
298 
30,547 
At 31 March 2024
11,685 
101,794 
2,048 
115,527 
Net book value
At 31 March 2024
8,418 
129,385 
1,355 
139,158 
At 31 March 2023
8,412 
108,960 
1,653 
119,025 
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Madina Import Export Uk Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,414 
5,781 
Trade debtors
199,728 
200,352 
Other debtors
12,500 
21,444 
217,642 
227,577 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
37,047 
42,046 
Trade creditors
253,507 
148,683 
Taxes and social security
- 
9,544 
Loans from directors
12,485 
- 
Accruals
1,908 
1,639 
304,947 
201,912 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
22,330 
13,803 
8
Average number of employees
During the year the average number of employees was 17 (2023: 17).
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