Madventure Limited - Limited company - abbreviated - 11.6

Madventure Limited - Limited company - abbreviated - 11.6

MADVENTURE LIMITED - Company Information

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REGISTERED NUMBER: 06809461 (England and Wales)















MADVENTURE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014






MADVENTURE LIMITED (REGISTERED NUMBER: 06809461)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

MADVENTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2014







DIRECTORS: W G Thomson
Miss K E Brown





REGISTERED OFFICE: Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF





REGISTERED NUMBER: 06809461 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF
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MADVENTURE LIMITED (REGISTERED NUMBER: 06809461)

ABBREVIATED BALANCE SHEET
28 FEBRUARY 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 105,424 124,281

CURRENT ASSETS
Debtors 20,757 18,594
Cash at bank 30,767 82,848
51,524 101,442
CREDITORS
Amounts falling due within one year 233,301 280,540
NET CURRENT LIABILITIES (181,777 ) (179,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(76,353		 )
(54,817		 )

CAPITAL AND RESERVES
Called up share capital 3 10,000 10,000
Profit and loss account (86,353 ) (64,817 )
SHAREHOLDERS' FUNDS (76,353 ) (54,817 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 31 October 2014 and were signed on its behalf by:





Miss K E Brown - Director


The notes form part of these abbreviated accounts

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MADVENTURE LIMITED (REGISTERED NUMBER: 06809461)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 10% per annum on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% per annum on cost
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the
balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2013 199,265
Additions 1,256
At 28 February 2014 200,521
DEPRECIATION
At 1 March 2013 74,984
Charge for year 20,113
At 28 February 2014 95,097
NET BOOK VALUE
At 28 February 2014 105,424
At 28 February 2013 124,281

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
10,000 Ordinary £1 10,000 10,000

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