Company Registration No. 06807850 (England and Wales)
MADAS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
MADAS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MADAS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
434
665
Current assets
Stocks
3,000
2,000
Debtors
-
269
Cash at bank and in hand
15,771
17,011
18,771
19,280
Creditors: amounts falling due within one year
(18,388)
(18,283)
Net current assets
383
997
Total assets less current liabilities
817
1,662
Provisions for liabilities
(87)
(133)
730
1,529
Capital and reserves
Called up share capital
3
400
400
Profit and loss account
330
1,129
Shareholders'  funds
730
1,529
For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 November 2016
Mr P May
Director
Company Registration No. 06807850
MADAS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% On cost
Fixtures, fittings & equipment
33% On cost
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015 & at 28 February 2016
2,000
Depreciation
At 1 March 2015
1,335
Charge for the year
231
At 28 February 2016
1,566
Net book value
At 28 February 2016
434
At 28 February 2015
665
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
400 Ordinary shares of £1 each
400
400
2016-02-282015-03-01falsetruetruetruetruetruetmp6538.html2016-11-24068078502015-03-012016-02-28068078502016-02-28068078502015-02-28068078502015-02-2806807850uk-bus:CompanySecretaryDirector2015-03-012016-02-2806807850uk-gaap:ComputerEquipment2015-03-012016-02-2806807850uk-gaap:FixturesFittingsToolsEquipment2015-03-012016-02-2806807850uk-bus:OrdinaryShareClass12015-03-012016-02-2806807850uk-bus:OrdinaryShareClass12016-02-2806807850uk-bus:OrdinaryShareClass12015-02-28xbrli:purexbrli:sharesiso4217:GBP

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