Madalegin Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08304668 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

MADALEGIN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Warmington

REGISTERED OFFICE:

13 Lambourne Drive

Kings Hill

West Malling

Kent

ME19 4FN

REGISTERED NUMBER:

08304668 (England and Wales)

ACCOUNTANTS:

The Accountancy Practice Ltd

10 Churchill Square

Kings Hill

West Malling

Kent

ME19 5YU

FIXED ASSETS

Tangible assets

4

1,847

1,675

CURRENT ASSETS

Debtors

5

1,480

8,490

Cash at bank and in hand

29,375

34,987

30,855

43,477

CREDITORS

Amounts falling due within one year

6

17,759

19,553

NET CURRENT ASSETS

13,096

23,924

TOTAL ASSETS LESS CURRENT LIABILITIES

14,943

25,599

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

14,843

25,499

SHAREHOLDERS' FUNDS

14,943

25,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 December 2019 and were signed by:

N Warmington - Director

1.	STATUTORY INFORMATION

Madalegin Limited 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.

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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

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 to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2018

1,995

2,031

4,026

Additions

-

988

988

At 31 March 2019

1,995

3,019

5,014

DEPRECIATION

At 1 April 2018

1,154

1,197

2,351

Charge for year

210

606

816

At 31 March 2019

1,364

1,803

3,167

NET BOOK VALUE

At 31 March 2019

631

1,216

1,847

At 31 March 2018

841

834

1,675

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

-

8,490

Other debtors

1,480

-

1,480

8,490

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Taxation and social security

1,193

7,322

Other creditors

16,566

12,231

17,759

19,553

7.

RESERVES

Retained

earnings

£

At 1 April 2018

25,499

Deficit for the year

(6,656

)

Dividends

(4,000

)

At 31 March 2019

14,843