1 November 2024 false Taxfiler 2024.6 true 08043243 business:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 08043243 2024-10-31 08043243 2024-11-01 2025-10-31 08043243 business:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 08043243 business:FilletedAccounts 2024-11-01 2025-10-31 08043243 2025-10-31 08043243 business:Director1 2024-11-01 2025-10-31 08043243 business:Director2 2024-11-01 2025-10-31 08043243 business:Director3 2024-11-01 2025-10-31 08043243 business:Director4 2024-11-01 2025-10-31 08043243 business:RegisteredOffice 2024-11-01 2025-10-31 08043243 2024-10-31 08043243 core:WithinOneYear 2025-10-31 08043243 core:WithinOneYear 2024-10-31 08043243 core:AfterOneYear 2025-10-31 08043243 core:AfterOneYear 2024-10-31 08043243 core:ShareCapital core:PreviouslyStatedAmount 2025-10-31 08043243 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 08043243 core:RevaluationReserve core:PreviouslyStatedAmount 2025-10-31 08043243 core:RevaluationReserve core:PreviouslyStatedAmount 2024-10-31 08043243 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-10-31 08043243 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 08043243 core:PreviouslyStatedAmount 2025-10-31 08043243 core:PreviouslyStatedAmount 2024-10-31 08043243 business:SmallEntities 2024-11-01 2025-10-31 08043243 countries:EnglandWales 2024-11-01 2025-10-31 08043243 core:LandBuildings 2024-11-01 2025-10-31 08043243 core:PlantMachinery 2024-11-01 2025-10-31 08043243 core:MotorVehicles 2024-11-01 2025-10-31 08043243 core:FurnitureFittings 2024-11-01 2025-10-31 08043243 core:ComputerEquipment 2024-11-01 2025-10-31 08043243 core:LandBuildings 2024-10-31 08043243 core:PlantMachinery 2024-10-31 08043243 core:MotorVehicles 2024-10-31 08043243 core:FurnitureFittings 2024-10-31 08043243 core:ComputerEquipment 2024-10-31 08043243 core:LandBuildings 2025-10-31 08043243 core:PlantMachinery 2025-10-31 08043243 core:MotorVehicles 2025-10-31 08043243 core:FurnitureFittings 2025-10-31 08043243 core:ComputerEquipment 2025-10-31 08043243 core:AfterOneYear 2024-11-01 2025-10-31 08043243 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. 08043243 (England and Wales)
Maden Eco Ltd Unaudited accounts for the year ended 31 October 2025
Maden Eco Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Maden Eco Ltd Company Information for the year ended 31 October 2025
Directors
S T Maden A T Maden K Maden K Maden
Company Number
08043243 (England and Wales)
Registered Office
Eco House Kings Mount, Ramparts Business Park Berwick-Upon-Tweed TD15 1TQ
Accountants
Graham Reid Accountancy Industrial Estate Coldingham Road Eyemouth TD14 5AN
- 3 -
Maden Eco Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,042,507
830,350
Current assets
Inventories
175,164
10,000
Debtors
5
1,162,835
2,184,926
Cash at bank and in hand
353,648
218,412
1,691,647
2,413,338
Creditors: amounts falling due within one year
6
(1,141,541)
(1,875,391)
Net current assets
550,106
537,947
Total assets less current liabilities
1,592,613
1,368,297
Creditors: amounts falling due after more than one year
7
(153,716)
(89,982)
Provisions for liabilities
Deferred tax
(89,430)
(46,768)
Net assets
1,349,467
1,231,547
Capital and reserves
Called up share capital
12
12
Revaluation reserve
218,218
218,218
Profit and loss account
1,131,237
1,013,317
Shareholders' funds
1,349,467
1,231,547
For the year ending 31 October 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 24 July 2026 and were signed on its behalf by
A T Maden Director Company Registration No. 08043243
- 4 -
Maden Eco Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Maden Eco Ltd is a private company, limited by shares, registered in England and Wales, registration number 08043243. The registered office is Eco House, Kings Mount, Ramparts Business Park, Berwick-Upon-Tweed, TD15 1TQ.
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.
3
Accounting policies
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.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: - The amount of revenue can be reliably measured; - It is probable that future economic benefits will flow to the entity; and - Specific criteria have been met for each of the company's activities.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land & buildings
not provided
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Fixtures & fittings
15% on cost
Computer equipment
20% on cost
Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
- 5 -
Maden Eco Ltd Notes to the Accounts for the year ended 31 October 2025
Financial instruments
The following assets and liabilities are classified as financial instruments - group company debtors, trade debtors, group company creditors, trade creditors, accruals, hire purchase contracts and directors' loans. Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), group company debtors, trade debtors, group company creditors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding each period. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period in which they relate.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.
- 6 -
Maden Eco Ltd Notes to the Accounts for the year ended 31 October 2025
Going concern
The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 November 2024
648,380
596,985
235,263
9,414
7,432
1,497,474
Additions
47,602
269,145
32,700
-
-
349,447
Disposals
-
(62,831)
(30,609)
-
-
(93,440)
At 31 October 2025
695,982
803,299
237,354
9,414
7,432
1,753,481
Depreciation
At 1 November 2024
-
496,186
155,832
9,414
5,692
667,124
Charge for the year
-
82,927
29,890
-
808
113,625
On disposals
-
(39,666)
(30,109)
-
-
(69,775)
At 31 October 2025
-
539,447
155,613
9,414
6,500
710,974
Net book value
At 31 October 2025
695,982
263,852
81,741
-
932
1,042,507
At 31 October 2024
648,380
100,799
79,431
-
1,740
830,350
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
17,495
-
Trade debtors
189,069
159,425
Amounts due from group undertakings etc.
924,271
1,957,510
Other debtors
32,000
67,991
1,162,835
2,184,926
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
7,585
Obligations under finance leases and hire purchase contracts
68,762
67,535
Trade creditors
139,128
153,059
Amounts owed to group undertakings and other participating interests
742,674
1,398,610
Taxes and social security
77,768
80,077
Other creditors
16,588
31,050
Loans from directors
46,621
87,475
Accruals
50,000
50,000
1,141,541
1,875,391
- 7 -
Maden Eco Ltd Notes to the Accounts for the year ended 31 October 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
153,716
89,982
Hire purchase contracts are secured on the assets concerned. Masen Holdings Ltd hold a fixed charge over all assets of the company.
8
Average number of employees
During the year the average number of employees was 26 (2024: 18).
- 8 -