Acorah Software Products - Accounts Production 16.2.850 false true 1 September 2023 2 September 2022 false 2 September 2023 1 September 2024 1 September 2024 SC037281 Mr William Madigan Mrs Mhairi Speirs Mr Thomas Stafford Mrs Adrianne Stafford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC037281 2023-09-01 SC037281 2024-09-01 SC037281 2023-09-02 2024-09-01 SC037281 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-01 SC037281 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 SC037281 frs-core:PlantMachinery 2024-09-01 SC037281 frs-core:PlantMachinery 2023-09-01 SC037281 frs-core:CapitalRedemptionReserve 2024-09-01 SC037281 frs-core:RevaluationReserve 2023-09-01 SC037281 frs-core:RevaluationReserve 2024-09-01 SC037281 frs-core:ShareCapital 2024-09-01 SC037281 frs-core:RetainedEarningsAccumulatedLosses 2024-09-01 SC037281 frs-bus:PrivateLimitedCompanyLtd 2023-09-02 2024-09-01 SC037281 frs-bus:FilletedAccounts 2023-09-02 2024-09-01 SC037281 frs-bus:SmallEntities 2023-09-02 2024-09-01 SC037281 frs-bus:AuditExempt-NoAccountantsReport 2023-09-02 2024-09-01 SC037281 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-02 2024-09-01 SC037281 frs-bus:Director1 2023-09-02 2024-09-01 SC037281 frs-bus:Director2 2023-09-02 2024-09-01 SC037281 frs-bus:Director3 2023-09-02 2024-09-01 SC037281 frs-bus:Director4 2023-09-02 2024-09-01 SC037281 frs-countries:Scotland 2023-09-02 2024-09-01 SC037281 2022-09-01 SC037281 2023-09-01 SC037281 2022-09-02 2023-09-01 SC037281 frs-core:CapitalRedemptionReserve 2023-09-01 SC037281 frs-core:RevaluationReserve 2023-09-01 SC037281 frs-core:ShareCapital 2023-09-01 SC037281 frs-core:RetainedEarningsAccumulatedLosses 2023-09-01
Registered number: SC037281
Madigan Holdings Limited
Unaudited Financial Statements
For The Year Ended 1 September 2024
Donn Sheldon
21 Forbes Place
Paisley
PA1 1UT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC037281
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 750,000 750,000
750,000 750,000
CURRENT ASSETS
Debtors 5 91,366 91,366
Cash at bank and in hand 138,705 168,782
230,071 260,148
Creditors: Amounts Falling Due Within One Year 6 (25,485 ) (30,213 )
NET CURRENT ASSETS (LIABILITIES) 204,586 229,935
TOTAL ASSETS LESS CURRENT LIABILITIES 954,586 979,935
NET ASSETS 954,586 979,935
CAPITAL AND RESERVES
Called up share capital 7 5,000 5,000
Revaluation reserve 8 544,363 544,363
Capital redemption reserve 51,405 51,405
Profit and Loss Account 353,818 379,167
SHAREHOLDERS' FUNDS 954,586 979,935
Page 1
Page 2
For the year ending 1 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William Madigan
Director
06/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Madigan Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC037281 . The registered office is 21 Forbes Place, Paisley, PA1 1UT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 2 September 2023 750,000 7,550 757,550
As at 1 September 2024 750,000 7,550 757,550
Depreciation
As at 2 September 2023 - 7,550 7,550
As at 1 September 2024 - 7,550 7,550
Net Book Value
As at 1 September 2024 750,000 - 750,000
As at 2 September 2023 750,000 - 750,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 91,366 91,366
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 25,485 30,213
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
8. Reserves
Revaluation Reserve
£
As at 2 September 2023 544,363
As at 1 September 2024 544,363
Page 4