Madgett's Cycles Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06383962 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

Madgett's Cycles Limited

Page

Balance Sheet

1

Chartered Certified Accountant's Report

3

FIXED ASSETS

83,928

82,053

CURRENT ASSETS

255,982

239,206

CREDITORS

Amounts falling due within one year

(20,523

)

(15,620

)

NET CURRENT ASSETS

235,459

223,586

TOTAL ASSETS LESS CURRENT LIABILITIES

319,387

305,639

CAPITAL AND RESERVES

319,387

305,639

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Madgett's Cycles Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06383962

Registered office:

8 Shelfanger Road

Diss

Norfolk

IP22 4EH

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2022 - 3 ) .

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23

31.1.22

£

£

M J Madgett

Balance outstanding at start of year

5,706

-

Amounts advanced

-

5,706

Amounts repaid

(5,706

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 March 2023 and were signed by:

M J Madgett - Director

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Madgett's Cycles Limited for the year ended 31 January 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Madgett's Cycles Limited in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Madgett's Cycles Limited and state those matters that I have agreed to state to the director of Madgett's Cycles Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its director for my work or for this report.

It is your duty to ensure that Madgett's Cycles Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Madgett's Cycles Limited. You consider that Madgett's Cycles Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Madgett's Cycles Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Anthony James Brice

Chartered Certified Accountant

10, The Thoroughfare

Harleston

Norfolk

IP20 9AX

15 March 2023