Mad Ideas Engineered Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09682048

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		1,000
Tangible Assets	5		4,950		5,908

			4,950		6,908
CURRENT ASSETS
Debtors	6	8,378		9,948
Cash at bank and in hand		47,192		45,968

		55,570		55,916
Creditors: Amounts Falling Due Within One Year	7	(10,877 )		(11,358 )

NET CURRENT ASSETS (LIABILITIES)			44,693		44,558

TOTAL ASSETS LESS CURRENT LIABILITIES			49,643		51,466

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(941 )		(1,122 )

NET ASSETS			48,702		50,344

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			48,602		50,244

SHAREHOLDERS' FUNDS			48,702		50,344

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Mad Ideas Engineered Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Roger Davies

Director

17/04/2026

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

1. General Information

Mad Ideas Engineered Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09682048 . The registered office is Eaton House, Stoke Prior Lane, Leominster, Herefordshire, HR6 0NA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% S/L
Motor Vehicles	20% S/L
Computer Equipment	33.33% S/L

2.5. Taxation

Corporation tax is calculated at the relevant rates for the tax years applicable to the period reported upon.

Provision is made for deferred tax at the rates applicable at the balance sheet date in the event of the net book value of assets exceeding their written down value for tax purposes.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1
Manufacturing	1	1

	2	2

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	10,000

As at 31 July 2025	10,000

Amortisation
As at 1 August 2024	9,000
Provided during the period	1,000

As at 31 July 2025	10,000

...CONTINUED

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Mad Ideas Engineered Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

Net Book Value
As at 31 July 2025	-

As at 1 August 2024	1,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2024	84,603	7,500	1,153	93,256
Additions	3,250	-	-	3,250
Disposals	1	-	-	1

As at 31 July 2025	87,854	7,500	1,153	96,507

Depreciation
As at 1 August 2024	81,570	4,625	1,153	87,348
Provided during the period	2,709	1,500	-	4,209

As at 31 July 2025	84,279	6,125	1,153	91,557

Net Book Value
As at 31 July 2025	3,575	1,375	-	4,950

As at 1 August 2024	3,033	2,875	-	5,908

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,527	8,542
Prepayments and accrued income	1,131	1,367
VAT	720	-
Other taxes and social security	-	39

	8,378	9,948

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,130	1,271
Corporation tax	8,996	6,416
VAT	-	1,846
Pension Contributions	37	37
Accruals and deferred income	630	1,610
Director's loan account	84	178

	10,877	11,358

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Mad Ideas Engineered Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	941	1,122

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Roger Davies by virtue of his ownership of 100% of the issued share capital in the company.

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