Mad Eye Ltd - Period Ending 2018-01-31

Registration number: 08360617

Mad Eye Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2018

Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB

Mad Eye Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 6
Notes to the Financial Statements	4

Mad Eye Ltd

Company Information

Director

Mr A Meneely

Registered office

36 Silk Mill Industrial Estate Brook Street Tring Hampshire HP23 5EF

Bankers

Barclays Bank Plc 19 North Street Guildford Surrey GU1 4AG

Accountants

Sherwin Currid Accountancy Limited Chartered Certified Accountants 32 London Road Guildford Surrey GU1 2AB

Page 1

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Mad Eye Ltd
for the Year Ended 31 January 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mad Eye Ltd for the year ended 31 January 2018 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Mad Eye Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mad Eye Ltd and state those matters that we have agreed to state to the Board of Directors of Mad Eye Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.doc.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mad Eye Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mad Eye Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mad Eye Ltd. You consider that Mad Eye Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mad Eye Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB

25 July 2018

Page 2

Mad Eye Ltd

(Registration number: 08360617)
Balance Sheet as at 31 January 2018

	31 January 2018 £	31 January 2017 £
Fixed assets	168	732
Current assets	21,182	30,227
Creditors: Amounts falling due within one year	(19,307)	(27,328)
Net current assets	1,875	2,899
Total assets less current liabilities	2,043	3,631
Accruals and deferred income	-	(3,613)
	2,043	18
Capital and reserves	2,043	18

Page 3

Mad Eye Ltd

(Registration number: 08360617)
Balance Sheet as at 31 January 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
36 Silk Mill Industrial Estate
Brook Street
Tring
Hampshire
HP23 5EF

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Related party transactions

Transactions with directors

2018	At 1 February 2017 £	Advances to directors £	Repayments by director £	At 31 January 2018 £
Mr A Meneely
Balance at start of period	16,232	-	-	16,232
Payments on behalf of the director	-	130	-	130
Repayments made by the director	-	-	(476)	(476)
	16,232	130	(476)	15,886

Page 4

Mad Eye Ltd

(Registration number: 08360617)
Balance Sheet as at 31 January 2018

2	Related party transactions (continued)

2017	At 1 February 2016 £	Advances to directors £	Repayments by director £	At 31 January 2017 £
Mr A Meneely
Balance at start of period	19,891	-	-	19,891
Payments on behalf of the director	-	221	-	221
Repayments made by the director	-	-	(2,260)	(2,260)
Dividend declared to reduce loan account balance	-	-	(1,620)	(1,620)
	19,891	221	(3,880)	16,232

Page 5

Mad Eye Ltd

(Registration number: 08360617)
Balance Sheet as at 31 January 2018

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 25 July 2018
 

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

Mr A Meneely

Director

Page 6