MAD PRODUCTIONS LIMITED Filleted accounts for Companies House (small and micro)
MAD PRODUCTIONS LIMITED Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08859156
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Current assets
Debtors |
5 |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
6 |
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Net current assets |
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-------- |
-------- |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
7 |
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-------- |
-------- |
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Net assets |
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-------- |
-------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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------- |
------- |
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Shareholders funds |
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------- |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
24 November 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08859156
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Notes to the Financial Statements |
Year ended 30 January 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Stratford Road, LONDON, W8 6QD, UK.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Government grants
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Debtors
2023 |
2022 |
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£ |
£ |
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Other debtors |
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6.
Creditors: Amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Corporation tax |
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– |
Social security and other taxes |
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– |
Other creditors |
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Other Creditors include Director Loan Account of £93,646 (2022: £139,443).
7.
Creditors: Amounts falling due after more than one year
2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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-------- |
-------- |
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8.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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2022 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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9.
Related party transactions
Included in other debtors amount of £8,000 owed by Mad XR Ltd ,which is commonly owned by Ms
Ashumi Sanghvi
.