IRIS Accounts Production v24.3.2.46 01051032 Board of Directors 1.11.22 31.10.23 31.10.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010510322022-10-31010510322023-10-31010510322022-11-012023-10-31010510322021-10-31010510322021-11-012022-10-31010510322022-10-3101051032ns15:EnglandWales2022-11-012023-10-3101051032ns14:PoundSterling2022-11-012023-10-3101051032ns10:Director12022-11-012023-10-3101051032ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3101051032ns10:SmallEntities2022-11-012023-10-3101051032ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3101051032ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3101051032ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3101051032ns10:FullAccounts2022-11-012023-10-3101051032ns10:OrdinaryShareClass12022-11-012023-10-3101051032ns10:Director22022-11-012023-10-3101051032ns10:CompanySecretary12022-11-012023-10-3101051032ns10:RegisteredOffice2022-11-012023-10-3101051032ns5:CurrentFinancialInstruments2023-10-3101051032ns5:CurrentFinancialInstruments2022-10-3101051032ns5:ShareCapital2023-10-3101051032ns5:ShareCapital2022-10-3101051032ns5:RetainedEarningsAccumulatedLosses2023-10-3101051032ns5:RetainedEarningsAccumulatedLosses2022-10-3101051032ns5:LandBuildingsns5:OwnedOrFreeholdAssets2022-11-012023-10-3101051032ns5:PlantMachinery2022-11-012023-10-3101051032ns5:FurnitureFittings2022-11-012023-10-3101051032ns5:MotorVehicles2022-11-012023-10-3101051032ns5:LandBuildings2022-10-3101051032ns5:PlantMachinery2022-10-3101051032ns5:FurnitureFittings2022-10-3101051032ns5:MotorVehicles2022-10-3101051032ns5:LandBuildings2022-11-012023-10-3101051032ns5:LandBuildings2023-10-3101051032ns5:PlantMachinery2023-10-3101051032ns5:FurnitureFittings2023-10-3101051032ns5:MotorVehicles2023-10-3101051032ns5:LandBuildings2022-10-3101051032ns5:PlantMachinery2022-10-3101051032ns5:FurnitureFittings2022-10-3101051032ns5:MotorVehicles2022-10-3101051032ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3101051032ns5:WithinOneYearns5:CurrentFinancialInstruments2022-10-3101051032ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 01051032 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

V.A.S. MADDISON LIMITED

V.A.S. MADDISON LIMITED (REGISTERED NUMBER: 01051032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


V.A.S. MADDISON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs P J Maddison
S H Maddison





SECRETARY: Mrs P J Maddison





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 01051032 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

V.A.S. MADDISON LIMITED (REGISTERED NUMBER: 01051032)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 204,187 204,641

CURRENT ASSETS
Debtors 5 9,794 9,351
Cash at bank 819,023 828,902
828,817 838,253
CREDITORS
Amounts falling due within one year 6 (71,692 ) (76,481 )
NET CURRENT ASSETS 757,125 761,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

961,312

966,413

PROVISIONS FOR LIABILITIES (600 ) (511 )
NET ASSETS 960,712 965,902

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 960,612 965,802
SHAREHOLDERS' FUNDS 960,712 965,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:



S H Maddison - Director


V.A.S. MADDISON LIMITED (REGISTERED NUMBER: 01051032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

V.A.S. Maddison 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - not provided
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


V.A.S. MADDISON LIMITED (REGISTERED NUMBER: 01051032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
land machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022
and 31 October 2023 201,065 44,661 17,752 163,445 426,923
DEPRECIATION
At 1 November 2022 - 43,469 16,327 162,486 222,282
Charge for year - 119 142 193 454
At 31 October 2023 - 43,588 16,469 162,679 222,736
NET BOOK VALUE
At 31 October 2023 201,065 1,073 1,283 766 204,187
At 31 October 2022 201,065 1,192 1,425 959 204,641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,864 6,864
VAT 1,765 1,297
Prepayments 1,165 1,190
9,794 9,351

V.A.S. MADDISON LIMITED (REGISTERED NUMBER: 01051032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 33,782 34,237
Tax 600 -
Social security and other taxes (4,497 ) 1,972
Other creditors 35,333 33,333
Directors' current accounts 1,249 1,839
Accrued expenses 5,225 5,100
71,692 76,481

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

During the current and previous year the company was under the control of Mrs P J Maddison a director and majority shareholder of the company.