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REGISTERED NUMBER: 08969707 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Mallett Construction Ltd

Mallett Construction Ltd (Registered number: 08969707)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mallett Construction Ltd

Company Information
for the Year Ended 30 April 2022







DIRECTORS: S A J Dickson
F W Taylor





REGISTERED OFFICE: PO Box 679
Walton-on-Thames
Surrey
KT12 9JL





REGISTERED NUMBER: 08969707 (England and Wales)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Mallett Construction Ltd (Registered number: 08969707)

Statement of Financial Position
30 April 2022

30/4/22 30/4/21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 21,356 27,198

CURRENT ASSETS
Inventories 5 100,186 15,218
Debtors 6 497,997 200,763
Cash at bank and in hand 6,211 20,021
604,394 236,002
CREDITORS
Amounts falling due within one year 7 451,488 452,552
NET CURRENT ASSETS/(LIABILITIES) 152,906 (216,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,262

(189,352

)

CREDITORS
Amounts falling due after more than one
year

8

56,762

108,187
NET ASSETS/(LIABILITIES) 117,500 (297,539 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 117,400 (297,639 )
SHAREHOLDERS' FUNDS 117,500 (297,539 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Mallett Construction Ltd (Registered number: 08969707)

Statement of Financial Position - continued
30 April 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 15 August 2022 and were signed on its behalf by:





S A J Dickson - Director


Mallett Construction Ltd (Registered number: 08969707)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

Mallett Construction Ltd (Registered number: 08969707)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2021 2,408 31,890 16,925 51,223
Additions 1,130 - 1,535 2,665
Disposals (958 ) - (5,197 ) (6,155 )
At 30 April 2022 2,580 31,890 13,263 47,733
DEPRECIATION
At 1 May 2021 1,304 11,899 10,822 24,025
Charge for year 284 4,998 2,976 8,258
Eliminated on disposal (712 ) - (5,194 ) (5,906 )
At 30 April 2022 876 16,897 8,604 26,377
NET BOOK VALUE
At 30 April 2022 1,704 14,993 4,659 21,356
At 30 April 2021 1,104 19,991 6,103 27,198

5. INVENTORIES
30/4/22 30/4/21
£    £   
Work-in-progress 100,186 15,218

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/22 30/4/21
£    £   
Trade debtors 376,407 123,521
Loan - Mallett Holding Ltd 50,000 50,000
Corporation tax debtor 66,732 -
VAT - 4,160
Prepayments 4,858 23,082
497,997 200,763

Mallett Construction Ltd (Registered number: 08969707)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/22 30/4/21
£    £   
Bank loans and overdrafts 42,857 39,840
Hire purchase contracts 5,117 7,932
Trade creditors 173,395 188,745
Social security and other taxes 12,834 8,771
VAT 19,020 -
Other creditors 34,593 10,475
Directors' current accounts 5,637 1,637
Deferred income 153,168 191,891
Accrued expenses 4,867 3,261
451,488 452,552

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/22 30/4/21
£    £   
Bank loans >1 year 56,762 102,816
Hire purchase contracts - 5,371
56,762 108,187