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Registered number: 03571652
Madecourt Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03571652
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 416 555
416 555
CURRENT ASSETS
Debtors 5 498 258
Cash at bank and in hand 991 1,066
1,489 1,324
Creditors: Amounts Falling Due Within One Year 6 (96,829 ) (89,962 )
NET CURRENT ASSETS (LIABILITIES) (95,340 ) (88,638 )
TOTAL ASSETS LESS CURRENT LIABILITIES (94,924 ) (88,083 )
Creditors: Amounts Falling Due After More Than One Year 7 (9,545 ) (10,918 )
NET LIABILITIES (104,469 ) (99,001 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (104,569 ) (99,101 )
SHAREHOLDERS' FUNDS (104,469) (99,001)
Page 1
Page 2
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 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.
On behalf of the board
Mr P H Patterson
Director
11/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Madecourt Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03571652 . The registered office is Southerden House, Market Street, Hailsham, East Sussex, BN27 2AE.
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 and from the rendering of services. 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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 7,660 1,128 8,788
As at 31 March 2024 7,660 1,128 8,788
Depreciation
As at 1 April 2023 7,660 573 8,233
Provided during the period - 139 139
As at 31 March 2024 7,660 712 8,372
Net Book Value
As at 31 March 2024 - 416 416
As at 1 April 2023 - 555 555
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 498 258
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,979 4,491
Other creditors 4,660 5,016
Accruals and deferred income 864 864
Director's loan account 86,326 79,591
96,829 89,962
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,545 10,918
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4