2022-04-012023-03-312023-03-31false10650749MALTRONICS LIMITED2023-11-16iso4217:GBPxbrli:pure106507492022-04-01106507492023-03-31106507492022-04-012023-03-31106507492021-04-01106507492022-03-31106507492021-04-012022-03-3110650749bus:SmallEntities2022-04-012023-03-3110650749bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3110650749bus:FullAccounts2022-04-012023-03-3110650749bus:PrivateLimitedCompanyLtd2022-04-012023-03-3110650749core:WithinOneYear2023-03-3110650749core:AfterOneYear2023-03-3110650749core:WithinOneYear2022-03-3110650749core:AfterOneYear2022-03-3110650749core:ShareCapital2023-03-3110650749core:SharePremium2023-03-3110650749core:RevaluationReserve2023-03-3110650749core:OtherReservesSubtotal2023-03-3110650749core:RetainedEarningsAccumulatedLosses2023-03-3110650749core:ShareCapital2022-03-3110650749core:SharePremium2022-03-3110650749core:RevaluationReserve2022-03-3110650749core:OtherReservesSubtotal2022-03-3110650749core:RetainedEarningsAccumulatedLosses2022-03-3110650749core:LandBuildings2023-03-3110650749core:PlantMachinery2023-03-3110650749core:Vehicles2023-03-3110650749core:FurnitureFittings2023-03-3110650749core:OfficeEquipment2023-03-3110650749core:NetGoodwill2023-03-3110650749core:IntangibleAssetsOtherThanGoodwill2023-03-3110650749core:ListedExchangeTraded2023-03-3110650749core:UnlistedNon-exchangeTraded2023-03-3110650749core:LandBuildings2022-03-3110650749core:PlantMachinery2022-03-3110650749core:Vehicles2022-03-3110650749core:FurnitureFittings2022-03-3110650749core:OfficeEquipment2022-03-3110650749core:NetGoodwill2022-03-3110650749core:IntangibleAssetsOtherThanGoodwill2022-03-3110650749core:ListedExchangeTraded2022-03-3110650749core:UnlistedNon-exchangeTraded2022-03-3110650749core:LandBuildings2022-04-012023-03-3110650749core:PlantMachinery2022-04-012023-03-3110650749core:Vehicles2022-04-012023-03-3110650749core:FurnitureFittings2022-04-012023-03-3110650749core:OfficeEquipment2022-04-012023-03-3110650749core:NetGoodwill2022-04-012023-03-3110650749core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110650749core:ListedExchangeTraded2022-04-012023-03-3110650749core:UnlistedNon-exchangeTraded2022-04-012023-03-3110650749core:MoreThanFiveYears2022-04-012023-03-3110650749core:Non-currentFinancialInstruments2023-03-3110650749core:Non-currentFinancialInstruments2022-03-3110650749dpl:CostSales2022-04-012023-03-3110650749dpl:DistributionCosts2022-04-012023-03-3110650749core:LandBuildings2022-04-012023-03-3110650749core:PlantMachinery2022-04-012023-03-3110650749core:Vehicles2022-04-012023-03-3110650749core:FurnitureFittings2022-04-012023-03-3110650749core:OfficeEquipment2022-04-012023-03-3110650749dpl:AdministrativeExpenses2022-04-012023-03-3110650749core:NetGoodwill2022-04-012023-03-3110650749core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110650749dpl:GroupUndertakings2022-04-012023-03-3110650749dpl:ParticipatingInterests2022-04-012023-03-3110650749dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110650749core:ListedExchangeTraded2022-04-012023-03-3110650749dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110650749core:UnlistedNon-exchangeTraded2022-04-012023-03-3110650749dpl:CostSales2021-04-012022-03-3110650749dpl:DistributionCosts2021-04-012022-03-3110650749core:LandBuildings2021-04-012022-03-3110650749core:PlantMachinery2021-04-012022-03-3110650749core:Vehicles2021-04-012022-03-3110650749core:FurnitureFittings2021-04-012022-03-3110650749core:OfficeEquipment2021-04-012022-03-3110650749dpl:AdministrativeExpenses2021-04-012022-03-3110650749core:NetGoodwill2021-04-012022-03-3110650749core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3110650749dpl:GroupUndertakings2021-04-012022-03-3110650749dpl:ParticipatingInterests2021-04-012022-03-3110650749dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3110650749core:ListedExchangeTraded2021-04-012022-03-3110650749dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3110650749core:UnlistedNon-exchangeTraded2021-04-012022-03-3110650749core:NetGoodwill2023-03-3110650749core:IntangibleAssetsOtherThanGoodwill2023-03-3110650749core:LandBuildings2023-03-3110650749core:PlantMachinery2023-03-3110650749core:Vehicles2023-03-3110650749core:FurnitureFittings2023-03-3110650749core:OfficeEquipment2023-03-3110650749core:AfterOneYear2023-03-3110650749core:WithinOneYear2023-03-3110650749core:ListedExchangeTraded2023-03-3110650749core:UnlistedNon-exchangeTraded2023-03-3110650749core:ShareCapital2023-03-3110650749core:SharePremium2023-03-3110650749core:RevaluationReserve2023-03-3110650749core:OtherReservesSubtotal2023-03-3110650749core:RetainedEarningsAccumulatedLosses2023-03-3110650749core:NetGoodwill2022-03-3110650749core:IntangibleAssetsOtherThanGoodwill2022-03-3110650749core:LandBuildings2022-03-3110650749core:PlantMachinery2022-03-3110650749core:Vehicles2022-03-3110650749core:FurnitureFittings2022-03-3110650749core:OfficeEquipment2022-03-3110650749core:AfterOneYear2022-03-3110650749core:WithinOneYear2022-03-3110650749core:ListedExch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MALTRONICS LIMITED

Registered Number
10650749
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

MALTRONICS LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

Jhonti Todd-Simpson

Registered Address

3rd Floor 86-90 Paul Street
London
EC2A 4NE

Registered Number

10650749 (England and Wales)
MALTRONICS LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets826,24141,264
Tangible assets92822,301
26,52343,565
Current assets
Stocks1211,20011,200
Debtors13400501
Cash at bank and on hand22,40428,860
34,00440,561
Creditors amounts falling due within one year14(5,664)(6,240)
Net current assets (liabilities)28,34034,321
Total assets less current liabilities54,86377,886
Net assets54,86377,886
Capital and reserves
Called up share capital11
Revaluation reserve13,26429,101
Profit and loss account41,59848,784
Shareholders' funds54,86377,886
The financial statements were approved and authorised for issue by the Director on 16 November 2023, and are signed on its behalf by:
Jhonti Todd-Simpson
Director
Registered Company No. 10650749
MALTRONICS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is retail sales via the internet.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Intangible assets policy
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
The financial statements have been prepared on a going concern basis.
5.Critical estimates and judgements
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 and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have any significant effect on the amounts recognised in the financial statements.
6.Sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.
7.Employee information

20232022
Average number of employees during the year11
8.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 2241,26441,264
Additions815815
Revaluations(15,838)(15,838)
At 31 March 2326,24126,241
Net book value
At 31 March 2326,24126,241
At 31 March 2241,26441,264
9.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 April 227,9357,935
Disposals(1,573)(1,573)
At 31 March 236,3626,362
Depreciation and impairment
At 01 April 225,6345,634
Charge for year1,6041,604
On disposals(1,158)(1,158)
At 31 March 236,0806,080
Net book value
At 31 March 23282282
At 31 March 222,3012,301
10.Directors advances, credits and guarantees
The director maintains an interest free loan with the company. The amount owed to the director as at 31 March 2023 was £2,230 (2022 - £1,935).
11.Dividends proposed and payable

2023

2022

££
Dividends Paid15,21726,218
Total15,21726,218
12.Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2023

2022

££
Work in progress11,20011,200
Total11,20011,200
13.Debtors

2023

2022

££
Other debtors400467
Prepayments and accrued income-34
Total400501
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
14.Creditors within one year

2023

2022

££
Taxation and social security2,3814,305
Other creditors3,2831,935
Total5,6646,240
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.