Maddox And Associates Limited

Chartered Accountants

2nd Floor, Heathmans House 

19 Heathmans Road

London

SW6 4TJ

​Directors

D J Maddox
J E Maddox

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 2025 which comprise the Statement of Financial Position 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, 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 accounts that give a true and fair view of the assets, liabilities, financial position and (loss)/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 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​

2nd Floor, Heathmans House​

19 Heathmans Road​​

London​​

SW6 4TJ​

​

For the year​ ending 31 December 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit 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 company's 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 Profit and Loss Account and Statement of Other Comprehensive Income in accordance with the 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:

Date: 23 April 2026 

The notes 7 on to 10 form part of these financial statements.

Maddox and Associates Limited is a private company limited by shares and is incorporated in England & Wales. The address of its registered office is 2nd Floor, Heathmans House​, 19 Heathmans Road​, London​, SW6 4TJ.

The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of ​Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

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.

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.

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.

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.

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.

The company​​ entered into an EMI share option agreement in August 2024 with one of their employees. The options were granted at an exercise price equal to the HMRC-approved market value at the date of the grant. The options have not yet been exercised as at the year end. 

The prior year balance sheet has been restated to account for £1,000 dividends, reducing other debtors by the same. The impact on company profit is £nil.

Included in Other creditors there is a £10,833 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 £185 is held in long term creditors.

Included within the year end Other debtors balance is an amount of £164,370 (2024: £142,122) owed by D Maddox to the company. The outstanding balance is unsecured and payable on demand. Interest of £248 was charged on the outstanding balance during the year and is included within the year end balance.