ACCOUNTS - Final Accounts preparation

Company registration number: 09398316

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JANUARY 2025

	Madyn Limited


Madyn Limited

COMPANY INFORMATION

Director	Mr M Quinlivan


Registered number	09398316


Registered office	Magna House
	18-32 London Road
	Staines-Upon-Thames
	Surrey
	TW18 4BP


Madyn Limited

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


Madyn Limited REGISTERED NUMBER:09398316

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		26,712		35,332
			26,712		35,332
Current assets
Cash at bank and in hand		11,201		2,239
		11,201		2,239
Creditors: amounts falling due within one year	5	(15,317)		(27,246)
Net current liabilities			(4,116)		(25,007)
Total assets less current liabilities			22,596		10,325
Creditors: amounts falling due after more than one year	6		(2,740)		(5,047)

Net assets			19,856		5,278

Capital and reserves
Called up share capital	20	20
Profit and loss account	19,836	5,258
	19,856	5,278

Page 1


Madyn Limited REGISTERED NUMBER:09398316

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr M Quinlivan

Director

Date: 20 October 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


Madyn Limited

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Madyn Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.
The Company’s functional and presentational currency is GBP
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

20%

Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3


Madyn Limited

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	At 1 February 2024	169,138
	Additions	3,600
	Disposals	(25,000)
	At 31 January 2025	147,738
	Depreciation
	At 1 February 2024	133,806
	Charge for the year on owned assets	12,220
	Disposals	(25,000)
	At 31 January 2025	121,026
	Net book value
	At 31 January 2025	26,712
	At 31 January 2024	35,332

Page 4


Madyn Limited

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Obligations under finance lease and hire purchase contracts	-	2,054
Other creditors	14,223	24,098
Accruals and deferred income	1,094	1,094
	15,317	27,246

6.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other creditors	2,740	5,047
	2,740	5,047

Page 5