Madhavan Design Limited - Accounts to registrar (filleted) - small 23.1
Madhavan Design Limited - Accounts to registrar (filleted) - small 23.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 22 MARCH 2023 |
| FOR |
| MADHAVAN DESIGN LIMITED |
| MADHAVAN DESIGN LIMITED (REGISTERED NUMBER: 02886139) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 22 MARCH 2023 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| MADHAVAN DESIGN LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 22 MARCH 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| MADHAVAN DESIGN LIMITED (REGISTERED NUMBER: 02886139) |
| STATEMENT OF FINANCIAL POSITION |
| 22 MARCH 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| MADHAVAN DESIGN LIMITED (REGISTERED NUMBER: 02886139) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 22 MARCH 2023 |
| 1. | STATUTORY INFORMATION |
| Madhavan Design Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the value of services supplied, excluding value added tax. |
| Tangible fixed assets |
| Office Equipment | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Going concern basis |
| The financial statements have been prepared on the going concern basis on the assumption that the director, N Madhavan, will be able to repay the amount of £247,499 that he owes to the company. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MADHAVAN DESIGN LIMITED (REGISTERED NUMBER: 02886139) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 22 MARCH 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Office | Computer |
| Equipment | equipment | Totals |
| £ | £ | £ |
| COST |
| At 23 March 2022 |
| and 22 March 2023 |
| DEPRECIATION |
| At 23 March 2022 |
| and 22 March 2023 |
| NET BOOK VALUE |
| At 22 March 2023 |
| At 22 March 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors | ( |
) |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| MADHAVAN DESIGN LIMITED (REGISTERED NUMBER: 02886139) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 22 MARCH 2023 |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the year ended 22 March 2023 and the period ended 22 March 2022: |
| 2023 | 2022 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |