Maad Toys Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08136377

Maad Toys Limited

Filleted Unaudited Financial Statements

31 December 2024

Maad Toys Limited

Director's Report

Year ended 31 December 2024

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Principal activities

The principal activity of the company during the year was that of the sale of licensed toys.

Director

The director who served the company during the year was as follows:

Mr A D Smith

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 September 2025 and signed on behalf of the board by:

Mr A D Smith
Director

Maad Toys Limited

Balance Sheet

31 December 2024

	2024	2023
Note	£	£

Current assets

Debtors	4	94,491	80,077
Cash at bank and in hand		151,997	47,202
		---------	---------
		246,488	127,279

Creditors: amounts falling due within one year	5	139,171	54,403
		---------	---------
Net current assets		107,317	72,876
		---------	--------
Total assets less current liabilities		107,317	72,876
		---------	--------
Net assets		107,317	72,876
		---------	--------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	106,317	71,876
	---------	--------
Shareholders funds	107,317	72,876
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr A D Smith
Director

Company registration number: 08136377

Maad Toys Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Debtors

	2024	2023
	£	£
Trade debtors	94,491	78,988
Other debtors	–	1,089
	--------	--------
	94,491	80,077
	--------	--------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	111,789	28,211
Corporation tax	19,955	15,975
Other creditors	7,427	10,217
	---------	--------
	139,171	54,403
	---------	--------

6. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2024	2023
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	242,801	126,192
	---------	---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	115,108	36,391
	---------	--------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr A D Smith	( 4,529)	( 579)	( 5,108)
	-------	----	-------

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr A D Smith	( 50,795)	46,266	( 4,529)
	--------	--------	-------