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Company Registration No. 09381874 (England and Wales)
MAD4DIGITAL LIMITED Unaudited accounts for the period from 1 February 2023 to 31 July 2024
MAD4DIGITAL LIMITED Unaudited accounts Contents
Page
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MAD4DIGITAL LIMITED Company Information for the period from 1 February 2023 to 31 July 2024
Directors
Donavan Whyte Shirley Whyte
Company Number
09381874 (England and Wales)
Registered Office
19 Albertine Grove Wickham Grange West Wickham BR4 9FA
Accountants
Fox Accountancy Limited 88 Corbets Tey Road Upminster Essex RM14 2BA
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MAD4DIGITAL LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,864 
5,848 
Current assets
Debtors
37,307 
27,042 
Cash at bank and in hand
69 
82,569 
37,376 
109,611 
Creditors: amounts falling due within one year
(8,094)
(45,933)
Net current assets
29,282 
63,678 
Net assets
34,146 
69,526 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
34,046 
69,426 
Shareholders' funds
34,146 
69,526 
For the period ending 31 July 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 5 December 2024 and were signed on its behalf by
Donavan Whyte Director Company Registration No. 09381874
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MAD4DIGITAL LIMITED Notes to the Accounts for the period from 1 February 2023 to 31 July 2024
1
Statutory information
MAD4DIGITAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09381874. The registered office is 19 Albertine Grove , Wickham Grange , West Wickham, BR4 9FA.
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 period, 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
Straight line over 4 years
Motor vehicles
Straight line over 4 years
Fixtures & fittings
Straight line over 4 years
Turnover
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
14,924 
4,159 
7,111 
26,194 
Additions
1,679 
- 
2,138 
3,817 
At 31 July 2024
16,603 
4,159 
9,249 
30,011 
Depreciation
At 1 February 2023
13,674 
4,159 
2,513 
20,346 
Charge for the period
1,868 
- 
2,933 
4,801 
At 31 July 2024
15,542 
4,159 
5,446 
25,147 
Net book value
At 31 July 2024
1,061 
- 
3,803 
4,864 
At 31 January 2023
1,250 
- 
4,598 
5,848 
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MAD4DIGITAL LIMITED Notes to the Accounts for the period from 1 February 2023 to 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
787 
- 
Trade debtors
- 
7,811 
Other debtors
36,520 
19,231 
37,307 
27,042 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,855 
- 
VAT
- 
6,238 
Taxes and social security
2,234 
17,444 
Accruals
4,005 
22,251 
8,094 
45,933 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Donavan Whyte
Interest free loan
6,392 
56,981 
45,341 
18,032 
Shirley Whyte
Interest free loan
12,414 
28,564 
22,875 
18,103 
18,806 
85,545 
68,216 
36,135 
The net directors loan is included within other debtors, note 5 at the year end. All loans were repaid in full on 6th April 2025.
8
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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