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Company Registration No. 11354137 (England and Wales)
MAD&INSICILY LTD Unaudited accounts for the year ended 31 May 2024
MAD&INSICILY LTD Unaudited accounts Contents
Page
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MAD&INSICILY LTD Company Information for the year ended 31 May 2024
Director
Riccardo Rizzo
Company Number
11354137 (England and Wales)
Registered Office
1 JOINER STREET THE BIRCHIN 705 MANCHESTER M4 1PH ENGLAND
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MAD&INSICILY LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,496 
4,137 
Current assets
Inventories
3,000 
3,000 
Debtors
2,470 
4,422 
Cash at bank and in hand
8,879 
33,356 
14,349 
40,778 
Creditors: amounts falling due within one year
(18,228)
(34,146)
Net current (liabilities)/assets
(3,879)
6,632 
Total assets less current liabilities
(383)
10,769 
Creditors: amounts falling due after more than one year
(4,500)
(7,500)
Net (liabilities)/assets
(4,883)
3,269 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(4,885)
3,267 
Shareholders' funds
(4,883)
3,269 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 8 April 0205 and were signed on its behalf by
Riccardo Rizzo Director Company Registration No. 11354137
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MAD&INSICILY LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MAD&INSICILY LTD is a private company, limited by shares, registered in England and Wales, registration number 11354137. The registered office is 1 JOINER STREET, THE BIRCHIN 705, MANCHESTER, M4 1PH, ENGLAND.
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 year, 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
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
9,941 
Additions
712 
At 31 May 2024
10,653 
Depreciation
At 1 June 2023
5,804 
Charge for the year
1,353 
At 31 May 2024
7,157 
Net book value
At 31 May 2024
3,496 
At 31 May 2023
4,137 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,470 
4,343 
Other debtors
- 
79 
2,470 
4,422 
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MAD&INSICILY LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
VAT
659 
3,282 
Trade creditors
3,793 
4,900 
Taxes and social security
34 
978 
Other creditors
1,981 
4,533 
Loans from directors
8,761 
17,453 
18,228 
34,146 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,500 
7,500 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 3 (2023: 5).
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