Company registration number 08705062 (England and Wales)
MAD MOOSE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MAD MOOSE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MAD MOOSE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
13,452
17,936
Current assets
Stocks
74,230
81,620
Debtors
4
4,503
1,136
Cash at bank and in hand
7,402
9,140
86,135
91,896
Creditors: amounts falling due within one year
5
(75,596)
(102,608)
Net current assets/(liabilities)
10,539
(10,712)
Total assets less current liabilities
23,991
7,224
Provisions for liabilities
(2,556)
(3,408)
Net assets
21,435
3,816
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
21,235
3,616
Total equity
21,435
3,816

For the financial year ended 31 March 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 June 2025 and are signed on its behalf by:
Mr M Phillips
Director
Company registration number 08705062 (England and Wales)
MAD MOOSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Mad Moose Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 High Street, Ledbury, Herefdordshire, United Kingdom, HR8 1DS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

MAD MOOSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
16
15
MAD MOOSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
34,521
12,500
47,021
Depreciation and impairment
At 1 April 2024
26,741
2,344
29,085
Depreciation charged in the year
1,945
2,539
4,484
At 31 March 2025
28,686
4,883
33,569
Carrying amount
At 31 March 2025
5,835
7,617
13,452
At 31 March 2024
7,780
10,156
17,936
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
161
308
Other debtors
4,342
828
4,503
1,136
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
23,676
42,276
Trade creditors
14,835
24,479
Taxation and social security
31,695
31,254
Other creditors
5,390
4,599
75,596
102,608
2025-03-312024-04-01falsefalsefalse17 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMrs K PhillipsMr M Phillips087050622024-04-012025-03-31087050622025-03-31087050622024-03-3108705062core:FurnitureFittings2025-03-3108705062core:MotorVehicles2025-03-3108705062core:FurnitureFittings2024-03-3108705062core:MotorVehicles2024-03-3108705062core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3108705062core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3108705062core:ShareCapital2025-03-3108705062core:ShareCapital2024-03-3108705062core:RetainedEarningsAccumulatedLosses2025-03-3108705062core:RetainedEarningsAccumulatedLosses2024-03-3108705062bus:Director22024-04-012025-03-3108705062core:FurnitureFittings2024-04-012025-03-3108705062core:MotorVehicles2024-04-012025-03-31087050622023-04-012024-03-3108705062core:FurnitureFittings2024-03-3108705062core:MotorVehicles2024-03-31087050622024-03-3108705062core:CurrentFinancialInstruments2025-03-3108705062core:CurrentFinancialInstruments2024-03-3108705062core:WithinOneYear2025-03-3108705062core:WithinOneYear2024-03-3108705062bus:PrivateLimitedCompanyLtd2024-04-012025-03-3108705062bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3108705062bus:FRS1022024-04-012025-03-3108705062bus:AuditExemptWithAccountantsReport2024-04-012025-03-3108705062bus:Director12024-04-012025-03-3108705062bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP