Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseNo description of principal activity2023-07-0134truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 1267547 2023-07-01 2024-06-30 1267547 2022-07-01 2023-06-30 1267547 2024-06-30 1267547 2023-06-30 1267547 c:Director1 2023-07-01 2024-06-30 1267547 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 1267547 d:Buildings d:ShortLeaseholdAssets 2024-06-30 1267547 d:Buildings d:ShortLeaseholdAssets 2023-06-30 1267547 d:FurnitureFittings 2023-07-01 2024-06-30 1267547 d:FurnitureFittings 2024-06-30 1267547 d:FurnitureFittings 2023-06-30 1267547 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 1267547 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 1267547 d:CurrentFinancialInstruments 2024-06-30 1267547 d:CurrentFinancialInstruments 2023-06-30 1267547 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 1267547 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 1267547 d:ShareCapital 2024-06-30 1267547 d:ShareCapital 2023-06-30 1267547 d:RetainedEarningsAccumulatedLosses 2024-06-30 1267547 d:RetainedEarningsAccumulatedLosses 2023-06-30 1267547 c:OrdinaryShareClass1 2023-07-01 2024-06-30 1267547 c:OrdinaryShareClass1 2024-06-30 1267547 c:OrdinaryShareClass1 2023-06-30 1267547 c:FRS102 2023-07-01 2024-06-30 1267547 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 1267547 c:FullAccounts 2023-07-01 2024-06-30 1267547 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 1267547 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 1267547









MAD JAK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MAD JAK LIMITED
REGISTERED NUMBER: 1267547

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
266

Current assets
  

Stocks
 5 
24,746
26,304

Debtors: amounts falling due within one year
 6 
2,463
2,665

Cash at bank and in hand
 7 
115,123
107,503

  
142,332
136,472

Creditors: amounts falling due within one year
 8 
(29,019)
(33,812)

Net current assets
  
 
 
113,313
 
 
102,660

Total assets less current liabilities
  
113,313
102,926

  

Net assets
  
113,313
102,926


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
113,213
102,826

  
113,313
102,926


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2025.

C J Collin
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
MAD JAK LIMITED
REGISTERED NUMBER: 1267547
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
MAD JAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Mad Jak Limited is a company limited by shares domiciled in Emgland and Wales. The registered od=ffice is at Priory House, 45-51 High Street, Reigate, Surrey RH2 9AE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered the financial resources available along with the future plans for the Company when considering the going concern of the Company. After making enquiries, the director has a reasonable expectation that the Company will have access to adequate resources to continue in operational existence for the foreseeable future given the cash balance and net assets. Accordingly, she continues to adopt the going concern basis in the preparation of the financial statements..

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Page 3

 
MAD JAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold land and buildings
-
10%
straight line
Fixtures and fittings
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MAD JAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).


4.


TANGIBLE FIXED ASSETS





S/Term Leasehold Property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
26,499
20,981
47,480



At 30 June 2024

26,499
20,981
47,480



Depreciation


At 1 July 2023
26,499
20,715
47,214


Charge for the year on owned assets
-
266
266



At 30 June 2024

26,499
20,981
47,480



Net book value



At 30 June 2024
-
-
-



At 30 June 2023
-
266
266


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
24,746
26,304


Page 5

 
MAD JAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
2,463
2,665



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
115,123
107,503



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,152
6,542

Corporation tax
4,270
5,549

Other taxation and social security
10,152
10,631

Other creditors
280
521

Accruals and deferred income
13,165
10,569

29,019
33,812



9.


Deferred taxation


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6