ACCOUNTS - Final Accounts

M.A.D. DESIGN CO. LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true3Dormant company32022-01-01truetrue 03811976 2022-01-01 2022-12-31 03811976 2022-12-31 03811976 2021-01-01 2021-12-31 03811976 2021-12-31 03811976 c:Director1 2022-01-01 2022-12-31 03811976 d:CurrentFinancialInstruments 2022-12-31 03811976 d:CurrentFinancialInstruments 2021-12-31 03811976 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03811976 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03811976 d:ShareCapital 2022-12-31 03811976 d:ShareCapital 2021-12-31 03811976 d:RetainedEarningsAccumulatedLosses 2022-12-31 03811976 d:RetainedEarningsAccumulatedLosses 2021-12-31 03811976 c:EntityNoLongerTradingButTradedInPast 2022-01-01 2022-12-31 03811976 c:FRS102 2022-01-01 2022-12-31 03811976 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 03811976 c:FullAccounts 2022-01-01 2022-12-31 03811976 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company Registration Number 03811976

	M A D DESIGN CO LIMITED

	UNAUDITED FINANCIAL STATEMENTS

	31 DECEMBER 2022

M A D DESIGN CO LIMITED

REGISTERED NUMBER: 03811976

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	29,465		29,465
		29,465		29,465
Creditors: amounts falling due within one year	4	(1,064)		(1,064)
Net current assets			28,401		28,401
Total assets less current liabilities			28,401		28,401

Net assets			28,401		28,401

Capital and reserves
Called up share capital	100	100
Profit and loss account	28,301	28,301
	28,401	28,401

For the year ended 31 December 2022 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D L Buttle

Director

Date: 15 December 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

M A D DESIGN CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

The principal activity of the company during the year was the design and sale of furniture,
The registered office is Unit 17b, Hornbeam Park, Harrogate, North Yorkshire, HG2 8RB.
The company is a private limited company incorporated and domiciled in the United Kingdom. The company is tax resident in the United Kingdom.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Going concern

The directors recognise and have considered the impact of COVID-19 on the business and have concluded that the company remains a going concern.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

					2022	2021
					£	£


Amounts owed by joint ventures and associated undertakings	29,465	29,465
	29,465	29,465

Page 2

M A D DESIGN CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

4.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Corporation tax	1,064	1,064
	1,064	1,064

5.	Controlling party

The ultimate holding company is Muzo Works Limited, which is under the control of D L Buttle and M A Prendergast.

Page 3