Company Registration No. NI675324 (Northern Ireland)
Madigan Solutions UK Limited
Unaudited accounts
for the year ended 31 January 2025
Madigan Solutions UK Limited
Unaudited accounts
Contents
Madigan Solutions UK Limited
Company Information
for the year ended 31 January 2025
Directors
Stephen Swann
Natasha Free
Simon Young
Company Number
NI675324 (Northern Ireland)
Registered Office
3rd Floor Arnott House
12-16 Bridge Street
Belfast
BT1 1LU
Northern Ireland
Accountants
Solumar Limited
226 Staines Road
Laleham
Staines-Upon-Thames
Middlesex
TW18 2RT
Madigan Solutions UK Limited
Statement of financial position
as at 31 January 2025
Cash at bank and in hand
21,683
35,183
Creditors: amounts falling due within one year
(69,407)
(39,550)
Net current (liabilities)/assets
(26,043)
40,690
Net (liabilities)/assets
(25,522)
43,334
Called up share capital
100
100
Profit and loss account
(25,622)
43,234
Shareholders' funds
(25,522)
43,334
For the year ending 31 January 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 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 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 of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by
Stephen Swann
Director
Company Registration No. NI675324
Madigan Solutions UK Limited
Notes to the Accounts
for the year ended 31 January 2025
Madigan Solutions UK Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI675324. The registered office is 3rd Floor Arnott House, 12-16 Bridge Street, Belfast, BT1 1LU, Northern Ireland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
over 3 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Madigan Solutions UK Limited
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
14,208
36,720
Accrued income and prepayments
7,473
8,337
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,414
29,503
Loans from directors
62,890
-
7
Transactions with related parties
During the year the company paid dividends to each director totalling £0 (2024: £5,000) The directors made loans to the company interest free and with no fixed repayment terms totalling £62,890
8
Average number of employees
During the year the average number of employees was 7 (2024: 8).