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REGISTERED NUMBER: 06409967 (England and Wales)













Financial Statements

for the Year Ended 31 October 2024

for

Maddison's Florists Limited

Maddison's Florists Limited (Registered number: 06409967)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maddison's Florists Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Ms V L Maddison





SECRETARY: P Loizou





REGISTERED OFFICE: Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG





REGISTERED NUMBER: 06409967 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

Maddison's Florists Limited (Registered number: 06409967)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,523 2,826
10,523 2,826

CURRENT ASSETS
Stocks 1,928 1,671
Debtors 6 7,284 6,543
Cash at bank 40,222 102,461
49,434 110,675
CREDITORS
Amounts falling due within one year 7 47,951 75,892
NET CURRENT ASSETS 1,483 34,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,006

37,609

CREDITORS
Amounts falling due after more than one
year

8

(3,836

)

-

PROVISIONS FOR LIABILITIES (1,999 ) (51 )
NET ASSETS 6,171 37,558

Maddison's Florists Limited (Registered number: 06409967)

Balance Sheet - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,169 37,556
SHAREHOLDERS' FUNDS 6,171 37,558

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 June 2025 and were signed by:





Ms V L Maddison - Director


Maddison's Florists Limited (Registered number: 06409967)

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

1. STATUTORY INFORMATION

Maddison's Florists 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Goodwill was acquired in 2007 and has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.


Maddison's Florists Limited (Registered number: 06409967)

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

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 12,000
AMORTISATION
At 1 November 2023
and 31 October 2024 12,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Maddison's Florists Limited (Registered number: 06409967)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 3,200 24,746 13,987 2,464 44,397
Additions - 12,313 - 987 13,300
Disposals (3,200 ) (16,073 ) - - (19,273 )
At 31 October 2024 - 20,986 13,987 3,451 38,424
DEPRECIATION
At 1 November 2023 640 24,741 13,731 2,459 41,571
Charge for year (640 ) 2,463 250 329 2,402
Eliminated on disposal - (16,072 ) - - (16,072 )
At 31 October 2024 - 11,132 13,981 2,788 27,901
NET BOOK VALUE
At 31 October 2024 - 9,854 6 663 10,523
At 31 October 2023 2,560 5 256 5 2,826

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 11,893
At 31 October 2024 11,893
DEPRECIATION
Charge for year 2,379
At 31 October 2024 2,379
NET BOOK VALUE
At 31 October 2024 9,514

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 2,195 2,429
Other debtors 5,089 4,114
7,284 6,543

Maddison's Florists Limited (Registered number: 06409967)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 2,557 -
Trade creditors 4,468 3,451
Taxation and social security 4,260 11,655
Other creditors 36,666 60,786
47,951 75,892

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 3,836 -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,600 (2023 - £35,000) were paid to the director .