2022-02-012023-01-312023-01-31false11732406MASSEY MADDISON LIMITED2023-10-1758130iso4217:GBPxbrli:pure117324062022-02-01117324062023-01-31117324062022-02-012023-01-31117324062021-02-01117324062022-01-31117324062021-02-012022-01-3111732406bus:SmallEntities2022-02-012023-01-3111732406bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3111732406bus:FullAccounts2022-02-012023-01-3111732406bus:PrivateLimitedCompanyLtd2022-02-012023-01-3111732406core:WithinOneYear2023-01-3111732406core:AfterOneYear2023-01-3111732406core:WithinOneYear2022-01-3111732406core:AfterOneYear2022-01-3111732406core:ShareCapital2023-01-3111732406core:SharePremium2023-01-3111732406core:RevaluationReserve2023-01-3111732406core:OtherReservesSubtotal2023-01-3111732406core:RetainedEarningsAccumulatedLosses2023-01-3111732406core:ShareCapital2022-01-3111732406core:SharePremium2022-01-3111732406core:RevaluationReserve2022-01-3111732406core:OtherReservesSubtotal2022-01-3111732406core:RetainedEarningsAccumulatedLosses2022-01-3111732406core:LandBuildings2023-01-3111732406core:PlantMachinery2023-01-3111732406core:Vehicles2023-01-3111732406core:FurnitureFittings2023-01-3111732406core:OfficeEquipment2023-01-3111732406core:NetGoodwill2023-01-3111732406core:IntangibleAssetsOtherThanGoodwill2023-01-3111732406core:ListedExchangeTraded2023-01-3111732406core:UnlistedNon-exchangeTraded2023-01-3111732406core:LandBuildings2022-01-3111732406core:PlantMachinery2022-01-3111732406core:Vehicles2022-01-3111732406core:FurnitureFittings2022-01-3111732406core:OfficeEquipment2022-01-3111732406core:NetGoodwill2022-01-3111732406core:IntangibleAssetsOtherThanGoodwill2022-01-3111732406core:ListedExchangeTraded2022-01-3111732406core:UnlistedNon-exchangeTraded2022-01-3111732406core:LandBuildings2022-02-012023-01-3111732406core:PlantMachinery2022-02-012023-01-3111732406core:Vehicles2022-02-012023-01-3111732406core:FurnitureFittings2022-02-012023-01-3111732406core:OfficeEquipment2022-02-012023-01-3111732406core:NetGoodwill2022-02-012023-01-3111732406core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3111732406core:ListedExchangeTraded2022-02-012023-01-3111732406core:UnlistedNon-exchangeTraded2022-02-012023-01-3111732406core:MoreThanFiveYears2022-02-012023-01-3111732406core:Non-currentFinancialInstruments2023-01-3111732406core:Non-currentFinancialInstruments2022-01-3111732406dpl:CostSales2022-02-012023-01-3111732406dpl:DistributionCosts2022-02-012023-01-3111732406dpl:AdministrativeExpenses2022-02-012023-01-3111732406core:LandBuildings2022-02-012023-01-3111732406core:PlantMachinery2022-02-012023-01-3111732406core:Vehicles2022-02-012023-01-3111732406core:FurnitureFittings2022-02-012023-01-3111732406core:OfficeEquipment2022-02-012023-01-3111732406core:NetGoodwill2022-02-012023-01-3111732406core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3111732406dpl:GroupUndertakings2022-02-012023-01-3111732406dpl:ParticipatingInterests2022-02-012023-01-3111732406dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3111732406core:ListedExchangeTraded2022-02-012023-01-3111732406dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3111732406core:UnlistedNon-exchangeTraded2022-02-012023-01-3111732406dpl:CostSales2021-02-012022-01-3111732406dpl:DistributionCosts2021-02-012022-01-3111732406dpl:AdministrativeExpenses2021-02-012022-01-3111732406core:LandBuildings2021-02-012022-01-3111732406core:PlantMachinery2021-02-012022-01-3111732406core:Vehicles2021-02-012022-01-3111732406core:FurnitureFittings2021-02-012022-01-3111732406core:OfficeEquipment2021-02-012022-01-3111732406core:NetGoodwill2021-02-012022-01-3111732406core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3111732406dpl:GroupUndertakings2021-02-012022-01-3111732406dpl:ParticipatingInterests2021-02-012022-01-3111732406dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3111732406core:ListedExchangeTraded2021-02-012022-01-3111732406dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3111732406core:UnlistedNon-exchangeTraded2021-02-012022-01-3111732406core:NetGoodwill2023-01-3111732406core:IntangibleAssetsOtherThanGoodwill2023-01-3111732406core:LandBuildings2023-01-3111732406core:PlantMachinery2023-01-3111732406core:Vehicles2023-01-3111732406core:FurnitureFittings2023-01-3111732406core:OfficeEquipment2023-01-3111732406core:AfterOneYear2023-01-3111732406core:WithinOneYear2023-01-3111732406core:ListedExchangeTraded2023-01-3111732406core:UnlistedNon-exchangeTraded2023-01-3111732406core:ShareCapital2023-01-3111732406core:SharePremium2023-01-3111732406core:RevaluationReserve2023-01-3111732406core:OtherReservesSubtotal2023-01-3111732406core:RetainedEarningsAccumulatedLosses2023-01-3111732406core:NetGoodwill2022-01-3111732406core:IntangibleAssetsOtherThanGoodwill2022-01-3111732406core:LandBuildings2022-01-3111732406core:PlantMachinery2022-01-3111732406core:Vehicles2022-01-3111732406core:FurnitureFittings2022-01-3111732406core:OfficeEquipment2022-01-3111732406core:AfterOneYear2022-01-3111732406core:WithinOneYear2022-01-3111732406core:Liste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MASSEY MADDISON LIMITED

Registered Number
11732406
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

MASSEY MADDISON LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

J Maddison
J Massey

Registered Address

Kidd Rapinet Llp
29 Harbour Exchange Square
London
E14 9GE

Registered Number

11732406 (England and Wales)
MASSEY MADDISON LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets7285311
285311
Current assets
Debtors843,78631,896
Cash at bank and on hand11,70527,468
55,49159,364
Creditors amounts falling due within one year9(21,003)(22,813)
Net current assets (liabilities)34,48836,551
Total assets less current liabilities34,77336,862
Creditors amounts falling due after one year10(34,766)(36,667)
Net assets7195
Capital and reserves
Called up share capital22
Profit and loss account5193
Shareholders' funds7195
The financial statements were approved and authorised for issue by the Board of Directors on 17 October 2023, and are signed on its behalf by:
J Maddison
Director
J Massey
Director

Registered Company No. 11732406
MASSEY MADDISON LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Critical estimates and judgements
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
6.Employee information

20232022
Average number of employees during the year22
7.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 February 222,0572,057
Additions500500
At 31 January 232,5572,557
Depreciation and impairment
At 01 February 221,7461,746
Charge for year526526
At 31 January 232,2722,272
Net book value
At 31 January 23285285
At 31 January 22311311
8.Debtors

2023

2022

££
Trade debtors / trade receivables19,36928,538
Other debtors24,4172,932
Prepayments and accrued income-426
Total43,78631,896
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables3,8692,831
Bank borrowings and overdrafts5,8237,333
Taxation and social security11,31111,929
Other creditors-720
Total21,00322,813
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts34,76636,667
Total34,76636,667
11.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.