Registered number
08211895
MADO DOGAN LIMITED
Filleted Accounts
31 August 2024
MADO DOGAN LIMITED
Registered number: 08211895
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,467 1,790
Current assets
Stocks 76,258 56,138
Debtors 4 - 8,194
Cash at bank and in hand 2,249 3,733
78,507 68,065
Creditors: amounts falling due within one year 5 (15,132) 32,365
Net current assets 63,375 100,430
Total assets less current liabilities 64,842 102,220
Creditors: amounts falling due after more than one year 6 (234,386) (255,216)
Net liabilities (169,544) (152,996)
Capital and reserves
Called up share capital 100 100
Profit and loss account (169,644) (153,096)
Shareholder's funds (169,544) (152,996)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hasan Basri KADEM
Director
Approved by the board on 2 May 2025
MADO DOGAN LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings and equipment 18% pa (reducing balance method).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 5
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 September 2023 11,574
At 31 August 2024 11,574
Depreciation
At 1 September 2023 9,784
Charge for the year 323
At 31 August 2024 10,107
Net book value
At 31 August 2024 1,467
At 31 August 2023 1,790
4 Debtors 2024 2023
£ £
Prepayments & other debtors - 8,194
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 10,648 11,226
Trade creditors 4,808 8,274
Taxation and social security costs 1,940 2,156
Other creditors (2,264) (54,021)
15,132 (32,365)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,867 16,852
Other creditors 227,519 238,364
234,386 255,216
7 Other information
MADO DOGAN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
173 Fortess Road
London
NW5 2HR
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