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REGISTERED NUMBER: 03165929 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MALFORD CONSULTING LIMITED

MALFORD CONSULTING LIMITED (REGISTERED NUMBER: 03165929)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MALFORD CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs A Bellamy
T M Bellamy





SECRETARY: T M Bellamy





REGISTERED OFFICE: Peny Rhiw
Upper Chapel
Brecon
LD3 9RG





REGISTERED NUMBER: 03165929 (England and Wales)





ACCOUNTANTS: Nigel B Butler Limited
Basepoint Business Centre
Rivermead Drive
Swindon
Wiltshire
SN5 7EX

MALFORD CONSULTING LIMITED (REGISTERED NUMBER: 03165929)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,122 4,248

CURRENT ASSETS
Debtors 5,216 32,188
Cash at bank 191,218 130,861
196,434 163,049
CREDITORS
Amounts falling due within one year 41,515 50,672
NET CURRENT ASSETS 154,919 112,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,041

116,625

CREDITORS
Amounts falling due after more than one
year

(23,333

)

(33,333

)

PROVISIONS FOR LIABILITIES (593 ) (807 )
NET ASSETS 134,115 82,485

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 134,113 82,483
SHAREHOLDERS' FUNDS 134,115 82,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

MALFORD CONSULTING LIMITED (REGISTERED NUMBER: 03165929)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:




Mrs A Bellamy - Director



T M Bellamy - Director


MALFORD CONSULTING LIMITED (REGISTERED NUMBER: 03165929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Malford Consulting 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.

Turnover
Turnover 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 - 20% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

MALFORD CONSULTING LIMITED (REGISTERED NUMBER: 03165929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 23,828
Additions 69
At 28 February 2023 23,897
DEPRECIATION
At 1 March 2022 19,580
Charge for year 1,195
At 28 February 2023 20,775
NET BOOK VALUE
At 28 February 2023 3,122
At 28 February 2022 4,248

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mrs A Bellamy and T M Bellamy
Balance outstanding at start of year 3,311 2,841
Amounts advanced 674 470
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,985 3,311

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 (2022 - £4,000) were paid to the directors .

MALFORD CONSULTING LIMITED (REGISTERED NUMBER: 03165929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. ULTIMATE CONTROLLING PARTY

The directors being equal shareholders of 100% of the issued share capital are in joint control of the company.