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REGISTERED NUMBER: 04247475 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Mad River Ltd

Mad River Ltd (Registered number: 04247475)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mad River Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Ms C L Cotongater
S Gater





SECRETARY: Ms C L Cotongater





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 04247475 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Mad River Ltd (Registered number: 04247475)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 136,346 70,985
136,346 70,985

CURRENT ASSETS
Debtors 6 502,829 330,696
Cash at bank and in hand 151,581 118,619
654,410 449,315
CREDITORS
Amounts falling due within one year 7 276,328 223,616
NET CURRENT ASSETS 378,082 225,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,428

296,684

CREDITORS
Amounts falling due after more than one
year

8

(84,271

)

(17,500

)

PROVISIONS FOR LIABILITIES (28,931 ) -
NET ASSETS 401,226 279,184

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 400,226 278,184
SHAREHOLDERS' FUNDS 401,226 279,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Mad River Ltd (Registered number: 04247475)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





S Gater - Director


Mad River Ltd (Registered number: 04247475)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Mad River Ltd 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.

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 0, is being amortised evenly over its estimated useful life of nil 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and Not provided

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.

Mad River Ltd (Registered number: 04247475)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 150,000
AMORTISATION
At 1 November 2023
and 31 October 2024 150,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Mad River Ltd (Registered number: 04247475)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 221,990
Additions 109,472
Disposals (16,064 )
At 31 October 2024 315,398
DEPRECIATION
At 1 November 2023 151,005
Charge for year 42,611
Eliminated on disposal (14,564 )
At 31 October 2024 179,052
NET BOOK VALUE
At 31 October 2024 136,346
At 31 October 2023 70,985

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 70,610
Additions 99,765
At 31 October 2024 170,375
DEPRECIATION
At 1 November 2023 48,269
Charge for year 30,526
At 31 October 2024 78,795
NET BOOK VALUE
At 31 October 2024 91,580
At 31 October 2023 22,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 253,646 103,546
Other debtors 249,183 227,150
502,829 330,696

Mad River Ltd (Registered number: 04247475)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,286 2,714
Trade creditors 58,616 102,999
Taxation and social security 160,992 67,854
Other creditors 34,434 40,049
276,328 223,616

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,500 17,500
Hire purchase contracts 76,771 -
84,271 17,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Ms C L Cotongater and S Gater
Balance outstanding at start of year 210,420 176,751
Amounts advanced 198,081 209,191
Amounts repaid (183,642 ) (175,522 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 224,859 210,420