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Registered number: 12212273
Mad Frans Bar Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12212273
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,809 20,469
26,809 20,469
CURRENT ASSETS
Debtors 4,530 -
Cash at bank and in hand 22,309 43,791
26,839 43,791
Creditors: Amounts Falling Due Within One Year (365,182 ) (201,955 )
NET CURRENT ASSETS (LIABILITIES) (338,343 ) (158,164 )
TOTAL ASSETS LESS CURRENT LIABILITIES (311,534 ) (137,695 )
Creditors: Amounts Falling Due After More Than One Year (14,614 ) (24,009 )
NET LIABILITIES (326,148 ) (161,704 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account (326,149 ) (161,705 )
SHAREHOLDERS' FUNDS (326,148) (161,704)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ryan Fraser
Director
13/05/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Mad Frans Bar Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12212273 . The registered office is Topcliffe Mill, Topcliffe Lane, Leeds, LS27 0HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold SLM @ 20%
Plant & Machinery SLM @ 20%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively."

2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 8)
13 8
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4. Tangible Assets
Total
£
Cost
As at 1 March 2023 52,507
Additions 20,739
As at 29 February 2024 73,246
Depreciation
As at 1 March 2023 32,038
Provided during the period 14,399
As at 29 February 2024 46,437
Net Book Value
As at 29 February 2024 26,809
As at 1 March 2023 20,469
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4