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REGISTERED NUMBER: 05113965 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MIDDLETON & ALLEN LIMITED

MIDDLETON & ALLEN LIMITED (REGISTERED NUMBER: 05113965)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIDDLETON & ALLEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr S A Middleton
Mrs C Pandya
Mr M Chamberlain





SECRETARY: Mr S A Middleton





REGISTERED OFFICE: 7 Ashby Road
Gaddesby
Leicestershire
LE7 4WF





REGISTERED NUMBER: 05113965 (England and Wales)





ACCOUNTANTS: Ian Monk Limited
49 Barrow Road
Burton on the Wolds
Loughborough
Leicestershire
LE12 5TB

MIDDLETON & ALLEN LIMITED (REGISTERED NUMBER: 05113965)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,574 6,100

CURRENT ASSETS
Stocks 1,477,404 1,029,550
Debtors 5 31,522 14,126
Cash in hand 126,083 65,127
1,635,009 1,108,803
CREDITORS
Amounts falling due within one year 6 1,218,668 573,260
NET CURRENT ASSETS 416,341 535,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,915

541,643

PROVISIONS FOR LIABILITIES 869 1,159
NET ASSETS 420,046 540,484

CAPITAL AND RESERVES
Called up share capital 109 108
Share premium 39,991 34,992
Retained earnings 379,946 505,384
SHAREHOLDERS' FUNDS 420,046 540,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MIDDLETON & ALLEN LIMITED (REGISTERED NUMBER: 05113965)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





Mr S A Middleton - Director


MIDDLETON & ALLEN LIMITED (REGISTERED NUMBER: 05113965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Middleton & Allen Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MIDDLETON & ALLEN LIMITED (REGISTERED NUMBER: 05113965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 October 2022
and 30 September 2023 35,539
DEPRECIATION
At 1 October 2022 29,439
Charge for year 1,526
At 30 September 2023 30,965
NET BOOK VALUE
At 30 September 2023 4,574
At 30 September 2022 6,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,306 1,205
VAT recoverable 23,105 12,921
Tax 7,111 -
31,522 14,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Director's loans (secured) 750,000 150,000
Directors' loans (unsecured) 253,213 214,565
Trade creditors 39,039 13,897
Tax - 32,606
Social security and other taxes 2,026 1,644
Other creditors 174,390 160,548
1,218,668 573,260

MIDDLETON & ALLEN LIMITED (REGISTERED NUMBER: 05113965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Director's loans (secured) 750,000 150,000

The debt is secured by a legal charge over some of the company's stocks.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr SA Middleton and Mrs C Pandya.