Company Registration No. 08786851 (England and Wales)
M.A.D. MOTOR SPARES LIMITED
UNAUDITED ACCOUNTS FOR FILING WITH THE REGISTRAR
for the year ended 30 November 2025
M.A.D. MOTOR SPARES LIMITED
UNAUDITED ACCOUNTS FOR FILING WITH THE REGISTRAR
Contents
M.A.D. MOTOR SPARES LIMITED
Statement of financial position
as at 30 November 2025
Tangible assets
16,512
16,918
Cash at bank and in hand
38,775
51,907
Creditors: amounts falling due within one year
(21,901)
(20,214)
Net current assets
66,467
79,099
Total assets less current liabilities
82,979
96,017
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
81,601
94,653
Shareholders' funds
82,601
95,653
For the year ending 30 November 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 3 June 2026 and were signed on its behalf by
James Morgan
Director
Company Registration No. 08786851
M.A.D. MOTOR SPARES LIMITED
Notes to the Accounts
for the year ended 30 November 2025
M.A.D. MOTOR SPARES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08786851. The registered office is 119A ST. ALBANS ROAD, WATFORD, WD17 1RD, UNITED KINGDOM.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
M.A.D. MOTOR SPARES LIMITED
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Total
At 30 November 2025
32,446
At 30 November 2025
15,934
At 30 November 2025
16,512
At 30 November 2024
16,918
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Deferred taxation
2025
2024
Accelerated capital allowances
378
364
Provision at start of year
364
464
Charged/(credited) to the profit and loss account
14
(100)
Provision at end of year
378
364
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Transactions with related parties
As at the balance sheet date, the company owed £1 (2024: £1,995) to the directors. There are no specific terms of repayment for this loan.
During the year, total dividend of £52,625 (2024: £46,390) was paid to the shareholders of the company.
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Average number of employees
During the year the average number of employees was 4 (2024: 5).