2023-02-012024-01-312024-01-31false11732406MASSEY MADDISON LIMITED2024-09-1858130iso4217:GBPxbrli:pure117324062023-02-01117324062024-01-31117324062023-02-012024-01-31117324062022-02-01117324062023-01-31117324062022-02-012023-01-3111732406bus:SmallEntities2023-02-012024-01-3111732406bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3111732406bus:FullAccounts2023-02-012024-01-3111732406bus:PrivateLimitedCompanyLtd2023-02-012024-01-3111732406core:WithinOneYear2024-01-3111732406core:AfterOneYear2024-01-3111732406core:WithinOneYear2023-01-3111732406core:AfterOneYear2023-01-3111732406core:ShareCapital2024-01-3111732406core:SharePremium2024-01-3111732406core:RevaluationReserve2024-01-3111732406core:OtherReservesSubtotal2024-01-3111732406core:RetainedEarningsAccumulatedLosses2024-01-3111732406core:ShareCapital2023-01-3111732406core:SharePremium2023-01-3111732406core:RevaluationReserve2023-01-3111732406core:OtherReservesSubtotal2023-01-3111732406core:RetainedEarningsAccumulatedLosses2023-01-3111732406core:LandBuildings2024-01-3111732406core:PlantMachinery2024-01-3111732406core:Vehicles2024-01-3111732406core:FurnitureFittings2024-01-3111732406core:OfficeEquipment2024-01-3111732406core:NetGoodwill2024-01-3111732406core:IntangibleAssetsOtherThanGoodwill2024-01-3111732406core:ListedExchangeTraded2024-01-3111732406core:UnlistedNon-exchangeTraded2024-01-3111732406core: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:LandBuildings2023-02-012024-01-3111732406core:PlantMachinery2023-02-012024-01-3111732406core:Vehicles2023-02-012024-01-3111732406core:FurnitureFittings2023-02-012024-01-3111732406core:OfficeEquipment2023-02-012024-01-3111732406core:NetGoodwill2023-02-012024-01-3111732406core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111732406core:ListedExchangeTraded2023-02-012024-01-3111732406core:UnlistedNon-exchangeTraded2023-02-012024-01-3111732406core:MoreThanFiveYears2023-02-012024-01-3111732406core:Non-currentFinancialInstruments2024-01-3111732406core:Non-currentFinancialInstruments2023-01-3111732406dpl:CostSales2023-02-012024-01-3111732406dpl:DistributionCosts2023-02-012024-01-3111732406core:LandBuildings2023-02-012024-01-3111732406core:PlantMachinery2023-02-012024-01-3111732406core:Vehicles2023-02-012024-01-3111732406core:FurnitureFittings2023-02-012024-01-3111732406core:OfficeEquipment2023-02-012024-01-3111732406dpl:AdministrativeExpenses2023-02-012024-01-3111732406core:NetGoodwill2023-02-012024-01-3111732406core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111732406dpl:GroupUndertakings2023-02-012024-01-3111732406dpl:ParticipatingInterests2023-02-012024-01-3111732406dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3111732406core:ListedExchangeTraded2023-02-012024-01-3111732406dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3111732406core:UnlistedNon-exchangeTraded2023-02-012024-01-3111732406dpl:CostSales2022-02-012023-01-3111732406dpl:DistributionCosts2022-02-012023-01-3111732406core:LandBuildings2022-02-012023-01-3111732406core:PlantMachinery2022-02-012023-01-3111732406core:Vehicles2022-02-012023-01-3111732406core:FurnitureFittings2022-02-012023-01-3111732406core:OfficeEquipment2022-02-012023-01-3111732406dpl:AdministrativeExpenses2022-02-012023-01-3111732406core: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-exchangeTraded2022-02-012023-01-3111732406core:NetGoodwill2024-01-3111732406core:IntangibleAssetsOtherThanGoodwill2024-01-3111732406core:LandBuildings2024-01-3111732406core:PlantMachinery2024-01-3111732406core:Vehicles2024-01-3111732406core:FurnitureFittings2024-01-3111732406core:OfficeEquipment2024-01-3111732406core:AfterOneYear2024-01-3111732406core:WithinOneYear2024-01-3111732406core:ListedExchangeTraded2024-01-3111732406core:UnlistedNon-exchangeTraded2024-01-3111732406core:ShareCapital2024-01-3111732406core:SharePremium2024-01-3111732406core:RevaluationReserve2024-01-3111732406core:OtherReservesSubtotal2024-01-3111732406core:RetainedEarningsAccumulatedLosses2024-01-3111732406core: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:Liste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MASSEY MADDISON LIMITED

Registered Number
11732406
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

MASSEY MADDISON LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

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 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3333285
333285
Current assets
Debtors443,38643,786
Cash at bank and on hand14,41711,705
57,80355,491
Creditors amounts falling due within one year5(28,204)(21,003)
Net current assets (liabilities)29,59934,488
Total assets less current liabilities29,93234,773
Creditors amounts falling due after one year6(29,883)(34,766)
Net assets497
Capital and reserves
Called up share capital22
Profit and loss account475
Shareholders' funds497
The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2024, 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 2024

1.Accounting policies
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.
Statement of compliance
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.
Basis of preparation
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
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.
Revenue from sale of goods
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
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 February 232,5572,557
At 31 January 242,5572,557
Depreciation and impairment
At 01 February 232,2722,272
Charge for year(48)(48)
At 31 January 242,2242,224
Net book value
At 31 January 24333333
At 31 January 23285285
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables29,88419,369
Other debtors13,50224,417
Total43,38643,786
Short term 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.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,2203,869
Bank borrowings and overdrafts5,8235,823
Taxation and social security21,16111,311
Total28,20421,003
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts29,88334,766
Total29,88334,766
7.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.