IRIS Accounts Production v22.1.4.3 11863249 Board of Directors Board of Directors 1.4.21 31.3.22 31.3.22 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure118632492021-03-31118632492022-03-31118632492021-04-012022-03-31118632492020-03-31118632492020-04-012021-03-31118632492021-03-3111863249ns16:EnglandWales2021-04-012022-03-3111863249ns15:PoundSterling2021-04-012022-03-3111863249ns11:Director12021-04-012022-03-3111863249ns11:Director22021-04-012022-03-3111863249ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3111863249ns11:SmallEntities2021-04-012022-03-3111863249ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3111863249ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3111863249ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3111863249ns11:FullAccounts2021-04-012022-03-3111863249ns11:OrdinaryShareClass12021-04-012022-03-3111863249ns11:RegisteredOffice2021-04-012022-03-3111863249ns6:CurrentFinancialInstruments2022-03-3111863249ns6:CurrentFinancialInstruments2021-03-3111863249ns6:Non-currentFinancialInstruments2022-03-3111863249ns6:Non-currentFinancialInstruments2021-03-3111863249ns6:ShareCapital2022-03-3111863249ns6:ShareCapital2021-03-3111863249ns6:RetainedEarningsAccumulatedLosses2022-03-3111863249ns6:RetainedEarningsAccumulatedLosses2021-03-3111863249ns11:OrdinaryShareClass12022-03-31
REGISTERED NUMBER: 11863249 (England and Wales)












MALCOLM BROWN RETAIL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






MALCOLM BROWN RETAIL LIMITED (REGISTERED NUMBER: 11863249)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MALCOLM BROWN RETAIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Miss S L Brown
Mr M A Malcolm





REGISTERED OFFICE: College House
4 St Leonards Close
Bridgnorth
Shropshire
WV16 4EJ





REGISTERED NUMBER: 11863249 (England and Wales)





ACCOUNTANTS: Wallace Crooke Ltd
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

MALCOLM BROWN RETAIL LIMITED (REGISTERED NUMBER: 11863249)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks 4 7,239 12,425
Cash at bank 2,441 1,947
9,680 14,372
CREDITORS
Amounts falling due within one year 5 63,836 41,311
NET CURRENT LIABILITIES (54,156 ) (26,939 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(54,156

)

(26,939

)

CREDITORS
Amounts falling due after more than one
year

6

8,703

-
NET LIABILITIES (62,859 ) (26,939 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (62,959 ) (27,039 )
SHAREHOLDERS' FUNDS (62,859 ) (26,939 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

MALCOLM BROWN RETAIL LIMITED (REGISTERED NUMBER: 11863249)

BALANCE SHEET - continued
31 MARCH 2022


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 Board of Directors and authorised for issue on 19 July 2022 and were signed on its behalf by:




Mr M A Malcolm - Director



Miss S L Brown - Director


MALCOLM BROWN RETAIL LIMITED (REGISTERED NUMBER: 11863249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Malcolm Brown Retail 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.

This may not be appropriate because at 31 March 2021 the company's liabilities exceeded it's assets by £62,859 (2021: £26,939). The directors however believe that with the ongoing support of the company's shareholders, that it is appropriate to prepare the financial statements on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in sterling and all values are rounded to the nearest pound.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.


MALCOLM BROWN RETAIL LIMITED (REGISTERED NUMBER: 11863249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

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.

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 3 (2021 - 2 ) .

4. STOCKS
2022 2021
£    £   
Stocks 7,239 12,425

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1,111 10,000
Trade creditors 16,508 15,518
Other creditors 46,217 15,793
63,836 41,311

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 8,703 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,259 -

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100