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REGISTERED NUMBER: 11937142 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MADDISON & SONS LIMITED

MADDISON & SONS LIMITED (REGISTERED NUMBER: 11937142)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MADDISON & SONS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mr J A Maddison
Miss J L Murphy





REGISTERED OFFICE: Flat 2
103a Stamford Hill
London
N165TR





REGISTERED NUMBER: 11937142 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

MADDISON & SONS LIMITED (REGISTERED NUMBER: 11937142)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,824 5,099

CURRENT ASSETS
Debtors 385,078 149,468
Cash at bank and in hand 165,440 10,426
550,518 159,894
CREDITORS
Amounts falling due within one year 205,798 138,368
NET CURRENT ASSETS 344,720 21,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,544

26,625

CREDITORS
Amounts falling due after more than one year 5 348,421 25,996
NET ASSETS 123 629

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 122 628
123 629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 & SONS LIMITED (REGISTERED NUMBER: 11937142)

ABRIDGED BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 February 2025 and were signed on its behalf by:





Mr J A Maddison - Director


MADDISON & SONS LIMITED (REGISTERED NUMBER: 11937142)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Maddison & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Computer equipment - 25% 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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MADDISON & SONS LIMITED (REGISTERED NUMBER: 11937142)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 12,088
DEPRECIATION
At 1 May 2023 6,989
Charge for year 1,275
At 30 April 2024 8,264
NET BOOK VALUE
At 30 April 2024 3,824
At 30 April 2023 5,099

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
as restated
£    £   
Repayable by instalments
Bank loans 82,786 8,903

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank loans 396,735 -

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
as restated
£    £   
Mr J A Maddison
Balance outstanding at start of year - 14,675
Amounts advanced 99,946 96,622
Amounts repaid - (111,297 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,946 -