Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3114142024-01-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06375151 2024-01-01 2024-12-31 06375151 2023-01-01 2023-12-31 06375151 2024-12-31 06375151 2023-12-31 06375151 c:Director1 2024-01-01 2024-12-31 06375151 d:OfficeEquipment 2024-01-01 2024-12-31 06375151 d:OfficeEquipment 2024-12-31 06375151 d:OfficeEquipment 2023-12-31 06375151 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06375151 d:CurrentFinancialInstruments 2024-12-31 06375151 d:CurrentFinancialInstruments 2023-12-31 06375151 d:Non-currentFinancialInstruments 2024-12-31 06375151 d:Non-currentFinancialInstruments 2023-12-31 06375151 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06375151 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06375151 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 06375151 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06375151 d:ShareCapital 2024-12-31 06375151 d:ShareCapital 2023-12-31 06375151 d:RetainedEarningsAccumulatedLosses 2024-12-31 06375151 d:RetainedEarningsAccumulatedLosses 2023-12-31 06375151 c:FRS102 2024-01-01 2024-12-31 06375151 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06375151 c:FullAccounts 2024-01-01 2024-12-31 06375151 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06375151 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 06375151


MADDOX AND ASSOCIATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024


















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Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
MADDOX AND ASSOCIATES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MADDOX AND ASSOCIATES LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maddox and Associates Limited for the year ended 31 December 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Maddox and Associates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Maddox and Associates Limited and state those matters that we have agreed to state to the Board of Directors of Maddox and Associates Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maddox and Associates Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Maddox and Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Maddox and Associates Limited. You consider that Maddox and Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Maddox and Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Haggards Crowther LLP
 
Chartered Accountants
  
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
21 July 2025
Page 1

 
MADDOX AND ASSOCIATES LIMITED
REGISTERED NUMBER: 06375151

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,688
6,402

  
5,688
6,402

Current assets
  

Debtors
  
405,889
445,641

Cash at bank and in hand
 5 
19,606
12,006

  
425,495
457,647

Creditors: amounts falling due within one year
 6 
(419,002)
(443,820)

Net current assets
  
 
 
6,493
 
 
13,827

Total assets less current liabilities
  
12,181
20,229

Creditors: amounts falling due after more than one year
  
(10,185)
(20,185)

  

Net assets
  
1,996
44


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,896
(56)

  
1,996
44


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Page 2

 
MADDOX AND ASSOCIATES LIMITED
REGISTERED NUMBER: 06375151
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


D J Maddox
Director

Date: 21 July 2025

Page 3

 
MADDOX AND ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Maddox Associates Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06375151 and its registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Turnover

Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

  
2.3

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believe to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

 
2.4

Tangible fixed assets


Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
on cost



 
2.5

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.
Page 4

 
MADDOX AND ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.5
Taxation (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.


 
2.6

Pension costs and other post-retirement benefits

The company makes payments to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.




3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 14).

Page 5

 
MADDOX AND ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
34,793


Additions
4,097



At 31 December 2024

38,890



Depreciation


At 1 January 2024
28,390


Charge for the year on owned assets
4,812



At 31 December 2024

33,202



Net book value



At 31 December 2024
5,688



At 31 December 2023
6,402

Page 6

 
MADDOX AND ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,606
12,006

Less: bank overdrafts
(128,866)
(137,405)

(109,260)
(125,399)



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
128,866
137,405

Other loans
10,648
10,648

Trade creditors
43,941
136,763

Corporation tax
31,345
36,546

Other taxation and social security
180,920
98,723

Other creditors
3,134
3,148

Accruals and deferred income
20,148
20,587

419,002
443,820



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,185
20,185

10,185
20,185


Included in Other creditors there is a £20,833 government secured 'bounce back' loan with the interest rate of 2.5% p.a. £10,648 of the loan due for repayment within 12 months is included in Other creditors   within one year and the balance of £10,185 is held in long term creditors.

8.


Related party transactions

During the year the company was invoiced £62,224 (2023: £72,067) for royalty fees by Olilie Limited, a company under common control. At the end of the year the trade creditor balance owed by the company to Olilie Limited was £6,302 (2023: £Nil).
At 31 December 2024 the company was owed £14,000 by Olilie Limited. The loan is non-interest bearing, unsecured and repayable on demand.

 
Page 7