IRIS Accounts Production v24.3.2.46 09638488 director 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096384882023-06-30096384882024-06-30096384882023-07-012024-06-30096384882022-06-30096384882022-07-012023-06-30096384882023-06-3009638488ns15:EnglandWales2023-07-012024-06-3009638488ns14:PoundSterling2023-07-012024-06-3009638488ns10:Director12023-07-012024-06-3009638488ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009638488ns10:SmallEntities2023-07-012024-06-3009638488ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3009638488ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3009638488ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009638488ns10:FullAccounts2023-07-012024-06-300963848812023-07-012024-06-3009638488ns10:RegisteredOffice2023-07-012024-06-3009638488ns5:CurrentFinancialInstruments2024-06-3009638488ns5:CurrentFinancialInstruments2023-06-3009638488ns5:ShareCapital2024-06-3009638488ns5:ShareCapital2023-06-3009638488ns5:RetainedEarningsAccumulatedLosses2024-06-3009638488ns5:RetainedEarningsAccumulatedLosses2023-06-3009638488ns5:NetGoodwill2023-07-012024-06-3009638488ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009638488ns5:PlantMachinery2023-07-012024-06-3009638488ns5:MotorVehicles2023-07-012024-06-3009638488ns5:ComputerEquipment2023-07-012024-06-3009638488ns5:NetGoodwill2023-06-3009638488ns5:NetGoodwill2024-06-3009638488ns5:NetGoodwill2023-06-3009638488ns5:PlantMachinery2023-06-3009638488ns5:MotorVehicles2023-06-3009638488ns5:ComputerEquipment2023-06-3009638488ns5:PlantMachinery2024-06-3009638488ns5:MotorVehicles2024-06-3009638488ns5:ComputerEquipment2024-06-3009638488ns5:PlantMachinery2023-06-3009638488ns5:MotorVehicles2023-06-3009638488ns5:ComputerEquipment2023-06-3009638488ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3009638488ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 09638488 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MAD SIGNS & GRAPHICS LIMITED

MAD SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 09638488)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAD SIGNS & GRAPHICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: D C Herring





REGISTERED OFFICE: Unit 18, Crossroads Business Park
Creswell Road
Clowne
Chesterfield
S43 4PW





REGISTERED NUMBER: 09638488 (England and Wales)





ACCOUNTANTS: Jones Francis Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

MAD SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 09638488)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,006 2,119
13,006 2,119

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 8,758 12,008
Cash at bank and in hand 3,398 3,329
14,156 17,337
CREDITORS
Amounts falling due within one year 7 43,616 39,977
NET CURRENT LIABILITIES (29,460 ) (22,640 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,454

)

(20,521

)

PROVISIONS FOR LIABILITIES 234 -
NET LIABILITIES (16,688 ) (20,521 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (16,698 ) (20,531 )
SHAREHOLDERS' FUNDS (16,688 ) (20,521 )

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

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

The director acknowledges his 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.

MAD SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 09638488)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





D C Herring - Director


MAD SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 09638488)

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

1. STATUTORY INFORMATION

Mad Signs & Graphics 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.

The financial statements have been prepared on a going concern basis.

The company is supported by the director's. The director's have indicated that they will continue to support the company until it is able to meet its debts as they fall due. The financial statements do not include any adjustments which would be required should this support be withdrawn.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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 - 20% on cost
Motor vehicles - 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.


MAD SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 09638488)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

MAD SIGNS & GRAPHICS LIMITED (REGISTERED NUMBER: 09638488)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 15,712 5,000 392 21,104
Additions 1,868 10,995 - 12,863
At 30 June 2024 17,580 15,995 392 33,967
DEPRECIATION
At 1 July 2023 14,216 4,498 271 18,985
Charge for year 1,590 308 78 1,976
At 30 June 2024 15,806 4,806 349 20,961
NET BOOK VALUE
At 30 June 2024 1,774 11,189 43 13,006
At 30 June 2023 1,496 502 121 2,119

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 6,925 10,954
Other debtors 1,833 1,054
8,758 12,008

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 795 1,550
Taxation and social security - 1,043
Other creditors 42,821 37,384
43,616 39,977

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D C Herring.