MIDDLETON ASSOCIATES LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Pierce C A Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During the year the directors took the decision to use this surplus cash to invest a substantial amount in solar panels, to supply the trading site in a more sustainable manner.”
• “Additionally, surplus cash has been used to build a new office and boardroom space.”
• “The company has also been able to continue to invest some of its cash into high interest bearing accounts to take advantage of the current rates of interest.”
• “Post year end the company has continued to trade at similar levels to the current financial year.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -8.1%

  £27,329,792 → £25,102,648

• Cash

  -11.7%

  £2,136,782 → £1,886,269

• Net assets

  +11.4%

  £1,985,096 → £2,212,346

  highest in 5 filed years

• Employees

  -20%

  15 → 12

  lowest in 5 filed years

• Operating profit

  -16.9%

  £637,783 → £530,140

• Profit before tax

  -16%

  £648,824 → £544,783

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers