REGISTERED NUMBER: 07368087 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

MAD IN LONDON LTD

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

Directors:

G H T Roberts

N A Treguer

Registered office:

24-28 Toynbee Street

London

E1 7NE

Registered number:

07368087 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mad In London Ltd for the year ended 30 September 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Mad In London Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mad In London Ltd and state those matters that we have agreed to state to the Board of Directors of Mad In London Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mad In London Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mad In London Ltd. You consider that Mad In London Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mad In London Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

30 September 2025

Fixed assets

Tangible assets

4

242,177

334,946

Current assets

Stocks

33,887

31,545

Debtors

5

657,049

816,247

Cash at bank and in hand

180,209

109,525

871,145

957,317

Creditors

Amounts falling due within one year

6

514,591

729,007

Net current assets

356,554

228,310

Total assets less current liabilities

598,731

563,256

Capital and reserves

Called up share capital

7

185

185

Share premium

8

8,749

8,749

Capital redemption reserve

8

15

15

Retained earnings

8

589,782

554,307

Shareholders' funds

598,731

563,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

N A Treguer - Director

1.	Statutory information

Mad In London 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the length of the lease

Plant and machinery

-

Straight line over 4 years

Fixtures and fittings

-

Straight line over 4 years

Computer equipment

-

Straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 40 (2023 - 41 ) .

4.	Tangible fixed assets

Short

Improvements

Plant and

leasehold

to property

machinery

£

£

£

Cost

At 1 October 2023

243,500

1,038,254

97,221

Additions

-

-

4,954

At 30 September 2024

243,500

1,038,254

102,175

Depreciation

At 1 October 2023

129,789

852,358

89,551

Charge for year

16,233

70,708

5,486

At 30 September 2024

146,022

923,066

95,037

Net book value

At 30 September 2024

97,478

115,188

7,138

At 30 September 2023

113,711

185,896

7,670

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 October 2023

115,301

26,486

1,520,762

Additions

14,733

-

19,687

At 30 September 2024

130,034

26,486

1,540,449

Depreciation

At 1 October 2023

88,472

25,646

1,185,816

Charge for year

19,362

667

112,456

At 30 September 2024

107,834

26,313

1,298,272

Net book value

At 30 September 2024

22,200

173

242,177

At 30 September 2023

26,829

840

334,946

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

2,769

957

Amounts owed by associates

542,164

791,823

Other debtors

112,116

23,467

657,049

816,247

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

157,884

176,475

Amounts owed to associates

28,294

-

Taxation and social security

206,670

231,835

Other creditors

121,743

320,697

514,591

729,007

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

18,525

Ordinary

£0.01

185

185

8.

Reserves

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 October 2023

554,307

8,749

15

563,071

Profit for the year

235,475

235,475

Dividends

(200,000

)

(200,000

)

At 30 September 2024

589,782

8,749

15

598,546

9.	Related party disclosures

During the year, the company entered into transactions with companies under common control, comprising

management fees, services, recharges, and loan advances/repayments. Some loans are interest-free, and

others carry interest at commercial rates. The loans are unsecured and repayable in line with agreed terms.

As at the year end, amounts owed by companies under common control totalled £471,882 (2023: £612,693).

recharges.This balance comprises of both amounts receivable and payable, as presented accordingly within the Balance Sheet.

At the year end, the company was owed £74,863 (2023: £NIL) by directors. These loans are unsecured and bear interest.