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REGISTERED NUMBER: 10460359 (England and Wales)















Maddison Commercial Services Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Maddison Commercial Services Ltd (Registered number: 10460359)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maddison Commercial Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Maddison
Miss K E Greetham





SECRETARY:





REGISTERED OFFICE: Pingle Lake
Tumby Road
Coningsby
Lincoln
Lincolnshire
LN4 4RQ





REGISTERED NUMBER: 10460359 (England and Wales)





ACCOUNTANTS: M.D. Cobb F.M.A.A.T.
Cobb & Co Accountants Limited
30 Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2ND

Maddison Commercial Services Ltd (Registered number: 10460359)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,083 10,120

CURRENT ASSETS
Debtors 5 245 4,779
Cash at bank 9,095 39,643
9,340 44,422
CREDITORS
Amounts falling due within one year 6 7,533 10,128
NET CURRENT ASSETS 1,807 34,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,890

44,414

PROVISIONS FOR LIABILITIES 570 1,923
NET ASSETS 11,320 42,491

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,220 42,391
11,320 42,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Maddison Commercial Services Ltd (Registered number: 10460359)

Balance Sheet - continued
31 March 2024


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 23 August 2024 and were signed on its behalf by:





Miss K E Greetham - Director


Maddison Commercial Services Ltd (Registered number: 10460359)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Maddison Commercial Services Ltd 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 - 15% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Maddison Commercial Services Ltd (Registered number: 10460359)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Motor and
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 17,462 1,079 18,541
Additions 1,742 - 1,742
At 31 March 2024 19,204 1,079 20,283
DEPRECIATION
At 1 April 2023 7,810 611 8,421
Charge for year 1,709 70 1,779
At 31 March 2024 9,519 681 10,200
NET BOOK VALUE
At 31 March 2024 9,685 398 10,083
At 31 March 2023 9,652 468 10,120

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 4,427
Other debtors 245 352
245 4,779

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 1,241
Trade creditors 1 -
Taxation and social security (3,809 ) 5,082
Other creditors 11,341 3,805
7,533 10,128

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,167 (2023 - £8,000) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The directors control 100% of the issued share capital.