MADAM AFRICA LTD - Accounts

MADAM AFRICA LTD - Accounts

MADAM AFRICA LTD - Company Information

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Registered Number: 08940090
England and Wales

 

 

 

MADAM AFRICA LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

MADAM AFRICA LTD
Contents Page
For the year ended 31 March 2022
As described in the balance sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2021 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfill your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Gcc Accountants
Unit 67
Cariocca Business Park
Miles Platting
Manchester
M40 8BB
11 December 2022
1
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 746    0 
746    0 
Current assets      
Debtors: amounts falling due after one year 646    0 
Cash at bank and in hand 2,451    1,100 
3,097    1,100 
Creditors: amount falling due within one year (85,200)   (899)
Net current liabilities (82,103)   201 
 
Total assets less current liabilities (81,357)   201 
Creditors: amount falling due after more than one year (10,809)   (12,199)
Provisions for liabilities 773    (470)
Net liabilities (91,393)   (12,468)
 

Capital and reserves 		     
Called up share capital 10,000    10,000 
Profit and loss account (101,393)   (22,468)
Shareholder's funds (91,393)   (12,468)
 


For the accounting period ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 11 December 2022 and were signed by:


--------------------------------
Ama Agyapomah
Director
2
General Information
MADAM AFRICA LTD is a private company, limited by shares, registered in England and Wales, registration number 08940090, registration address 524 HYDE ROAD, MANCHESTER, Greater Manchester, M18 7AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2021 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 April 2021 -    - 
Additions 850    850 
Disposals -    - 
At 31 March 2022 850    850 
Depreciation
At 01 April 2021 -    - 
Charge for year 104    104 
On disposals -    - 
At 31 March 2022 104    104 
Net book values
Closing balance as at 31 March 2022 746    746 
Opening balance as at 01 April 2021 -    - 

The net book value of Plant and Machinery includes £746 in respect of assets leased under finance leases or hire purchase contracts.

4.

Share Capital

Authorised
2,000 A shares of £5.00 each
Allotted, called up and fully paid
2022
£		   2021
£
2,000 A shares of £5.00 each 10,000    10,000 
10,000    10,000 

3