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REGISTERED NUMBER: 05880497 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MAD4MOBILES (MAIDSTONE) LIMITED

MAD4MOBILES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05880497)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

MAD4MOBILES (MAIDSTONE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S J Chantel
M Chantel





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 05880497 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

MAD4MOBILES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05880497)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,800 7,800
Tangible assets 5 1,168 1,677
6,968 9,477

CURRENT ASSETS
Stocks 6 22,250 30,000
Debtors 7 29,094 29,400
Cash at bank and in hand 35,016 35,044
86,360 94,444
CREDITORS
Amounts falling due within one year 8 57,693 67,302
NET CURRENT ASSETS 28,667 27,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,635

36,619

CREDITORS
Amounts falling due after more than one
year

9

(5,698

)

(13,092

)

PROVISIONS FOR LIABILITIES 10 (222 ) (319 )
NET ASSETS 29,715 23,208

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,714 23,207
SHAREHOLDERS' FUNDS 29,715 23,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAD4MOBILES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05880497)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





S J Chantel - Director


MAD4MOBILES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05880497)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Mad4Mobiles (Maidstone) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover
Turnover represents net sales of goods, excluding value added tax. Turnover is recognised when the company receives the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2008, is being amortised over its useful economic life. The useful economic life was re-accessed to be ten years in 2017.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MAD4MOBILES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05880497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 40,000
AMORTISATION
At 1 October 2023 32,200
Charge for year 2,000
At 30 September 2024 34,200
NET BOOK VALUE
At 30 September 2024 5,800
At 30 September 2023 7,800

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 4,849 10,288 3,166 18,303
DEPRECIATION
At 1 October 2023 3,851 9,802 2,973 16,626
Charge for year 250 121 138 509
At 30 September 2024 4,101 9,923 3,111 17,135
NET BOOK VALUE
At 30 September 2024 748 365 55 1,168
At 30 September 2023 998 486 193 1,677

MAD4MOBILES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05880497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 22,250 30,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 29,094 29,400

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 8,000 8,598
Creditors & accruals 8,834 9,637
Tax 5,070 4,712
Social security and other taxes 2,340 638
Pensions 3,905 3,384
VAT 13,449 16,028
Directors' current accounts 16,095 24,305
57,693 67,302

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 5,698 8,598
Bank loans - 2-5 years - 4,494
5,698 13,092

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 222 319

Deferred
tax
£   
Balance at 1 October 2023 319
Accelerated capital allowances (97 )
Balance at 30 September 2024 222

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors a total of £16,095 (£24,305 - 2023) This loan is interest free and has no terms attached.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MAD4MOBILES (MAIDSTONE) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mad4Mobiles (Maidstone) Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mad4Mobiles (Maidstone) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mad4Mobiles (Maidstone) Limited and state those matters that we have agreed to state to the Board of Directors of Mad4Mobiles (Maidstone) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mad4Mobiles (Maidstone) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mad4Mobiles (Maidstone) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mad4Mobiles (Maidstone) Limited. You consider that Mad4Mobiles (Maidstone) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mad4Mobiles (Maidstone) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


15 January 2025