Company registration number 03280556 (England and Wales)
M.A.A.D. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
M.A.A.D. LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
M.A.A.D. LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,173
2,812
Current assets
Stocks
35,000
4,799
Debtors
4
17,526
91,370
Cash at bank and in hand
21,360
7,321
73,886
103,490
Creditors: amounts falling due within one year
5
(50,857)
(73,435)
Net current assets
23,029
30,055
Total assets less current liabilities
25,202
32,867
Provisions for liabilities
(404)
(691)
Net assets
24,798
32,176
Capital and reserves
Called up share capital
6
1,000
1,000
Profit and loss reserves
23,798
31,176
Total equity
24,798
32,176

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

T he member has 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 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 November 2025
C J Kelly
Director
Company registration number 03280556 (England and Wales)
M.A.A.D. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

M.A.A.D. Limited is a private company limited by shares incorporated in England and Wales. The registered office is 47 Callander, Ouston, Chester Le Street, County Durham, DH2 1LG.

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration receivable for 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.

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:

Computer equipment
25% straight line

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
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

M.A.A.D. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
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.

M.A.A.D. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
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.

1.9
Leases

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 lease s asset are consumed.

1.10
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2
Employees

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

2024
2023
Number
Number
Total
5
5
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 January 2024
10,414
Additions
2,136
At 31 December 2024
12,550
Depreciation and impairment
At 1 January 2024
7,602
Depreciation charged in the year
2,775
At 31 December 2024
10,377
M.A.A.D. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Tangible fixed assets
Computer equipment
£
(Continued)
- 5 -
Carrying amount
At 31 December 2024
2,173
At 31 December 2023
2,812
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
15,888
90,000
Other debtors
1,638
1,370
17,526
91,370
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
16,128
14,908
Corporation tax
7,756
4,815
Other taxation and social security
22,746
20,276
Other creditors
4,227
33,436
50,857
73,435
M.A.A.D. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
2024-12-31 2024-01-01 false false false 13 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity C J Kelly C J Kelly 03280556 2024-01-01 2024-12-31 03280556 2024-12-31 03280556 2023-12-31 03280556 core:ComputerEquipment 2024-12-31 03280556 core:ComputerEquipment 2023-12-31 03280556 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03280556 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03280556 core:WithinOneYear 2024-12-31 03280556 core:WithinOneYear 2023-12-31 03280556 core:CurrentFinancialInstruments 2024-12-31 03280556 core:CurrentFinancialInstruments 2023-12-31 03280556 core:ShareCapital 2024-12-31 03280556 core:ShareCapital 2023-12-31 03280556 core:RetainedEarningsAccumulatedLosses 2024-12-31 03280556 core:RetainedEarningsAccumulatedLosses 2023-12-31 03280556 core:ShareCapitalOrdinaryShareClass1 2024-12-31 03280556 core:ShareCapitalOrdinaryShareClass1 2023-12-31 03280556 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 03280556 core:ComputerEquipment 2024-01-01 2024-12-31 03280556 2023-01-01 2023-12-31 03280556 core:ComputerEquipment 2023-12-31 03280556 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 03280556 bus:OrdinaryShareClass1 2024-12-31 03280556 bus:OrdinaryShareClass1 2023-12-31 03280556 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03280556 bus:FRS102 2024-01-01 2024-12-31 03280556 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03280556 bus:Director1 2024-01-01 2024-12-31 03280556 bus:CompanySecretary1 2024-01-01 2024-12-31 03280556 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03280556 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP