REGISTERED NUMBER: 07705309 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Madcan Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A D Meek

Ms N A Robinson

REGISTERED OFFICE:

Old Lodge

Warren Farm

Eridge Lane

Rotherfield

East Sussex

TN6 3JU

REGISTERED NUMBER:

07705309 (England and Wales)

ACCOUNTANTS:

RAA Ward Mackenzie Ltd

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

Fixed assets

Tangible assets

4

39,560

29,390

Current assets

Debtors

5

475

237

Cash at bank

11,525

25,032

12,000

25,269

Creditors

Amounts falling due within one year

6

(122,730

)

(121,077

)

Net current liabilities

(110,730

)

(95,808

)

Total assets less current liabilities

(71,170

)

(66,418

)

Capital and reserves

Called up share capital

2

2

Retained earnings

7

(71,172

)

(66,420

)

Shareholders' funds

(71,170

)

(66,418

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2026 and were signed on its behalf by:

A D Meek - Director

1.	STATUTORY INFORMATION

Madcan Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of Sale of agriculture products to farmers.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvement to property - 2% on cost

Equipment - 33% on cost and 10% on cost

Motor Vehicles - 20% on reducing balance

DEFERRED TAX

Deferred tax is not recognized in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 August 2024

35,505

36,751

19,209

91,465

Additions

11,421

-

-

11,421

At 31 July 2025

46,926

36,751

19,209

102,886

DEPRECIATION

At 1 August 2024

7,655

36,405

18,015

62,075

Charge for year

900

112

239

1,251

At 31 July 2025

8,555

36,517

18,254

63,326

NET BOOK VALUE

At 31 July 2025

38,371

234

955

39,560

At 31 July 2024

27,850

346

1,194

29,390

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

VAT

475

237

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,758

412

Directors' loan accounts

119,872

119,665

Accrued expenses

1,100

1,000

122,730

121,077

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7.

RESERVES

Retained

earnings

£

At 1 August 2024

(66,420

)

Deficit for the year

(4,752

)

At 31 July 2025

(71,172

)

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

A D Meek

Balance outstanding at start of year

(119,665

)

(119,358

)

Amounts advanced

949

933

Amounts repaid

(1,156

)

(1,240

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(119,872

)

(119,665

)

9.	RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors are amounts due to director, Mr Ashley Duncan Meek of £119,872 (2024 - £119,665). This loan is interest free and repayable on demand.

10.	GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.