Madajo Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08610891 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2023

for

Madajo Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

981

2,267

CURRENT ASSETS

Debtors

5

106,089

182,606

Cash at bank and in hand

7,885

906

113,974

183,512

CREDITORS

Amounts falling due within one year

6

(73,322

)

(72,253

)

NET CURRENT ASSETS

40,652

111,259

TOTAL ASSETS LESS CURRENT LIABILITIES

41,633

113,526

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

41,623

113,516

SHAREHOLDERS' FUNDS

41,633

113,526

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:

J A Coren - Director

1.	STATUTORY INFORMATION

Madajo Ltd 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:

08610891

Registered office:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The

Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

Turnover

Turnover represents the total invoice value, excluding value added tax, of consultancy income relating to the year and total securities sold in the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

Straight line over 4 years

Taxation

Taxation for the year comprises current. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2022

and 31 July 2023

5,147

DEPRECIATION

At 1 August 2022

2,880

Charge for year

1,286

At 31 July 2023

4,166

NET BOOK VALUE

At 31 July 2023

981

At 31 July 2022

2,267

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/23

31/7/22

£

£

Amounts owed by related party

-

40,097

Other debtors

106,089

142,509

106,089

182,606

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/23

31/7/22

£

£

Trade creditors

-

265

Taxation and social security

4,588

4,509

Other creditors

68,734

67,479

73,322

72,253

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023

2022

£

£

Director 1

Amounts Advanced

142,286

188,042

Amounts Repaid

(86,279

)

(99,036

)

The loan to the director is repayable on demand. Interest is charged on loans at the official interest set by HMRC.