Company Registration No. 03039779 (England and Wales)
Alexander Maltby Limited
Unaudited accounts
for the year ended 31 March 2023
Alexander Maltby Limited
Statement of financial position
as at 31 March 2023
Tangible assets
38,265
42,373
Inventories
3,338,232
3,310,117
Cash at bank and in hand
245
245
Creditors: amounts falling due within one year
(2,653,178)
(2,893,761)
Net current assets
973,000
1,019,198
Total assets less current liabilities
1,011,265
1,061,571
Creditors: amounts falling due after more than one year
(184,091)
(265,909)
Net assets
827,174
795,662
Called up share capital
100
100
Profit and loss account
827,074
795,562
Shareholders' funds
827,174
795,662
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by
A O'N Maltby
Director
Company Registration No. 03039779
Alexander Maltby Limited
Notes to the Accounts
for the year ended 31 March 2023
Alexander Maltby Limited is a private company, limited by shares, registered in England and Wales, registration number 03039779. The registered office is 109 St. John's Hill, London, SW11 1SY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 4 years
Motor vehicles
over 4 years
Alexander Maltby Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
28,000
190,101
58,232
276,333
At 31 March 2023
28,000
193,012
58,232
279,244
At 1 April 2022
6,719
169,009
58,232
233,960
Charge for the year
305
6,714
-
7,019
At 31 March 2023
7,024
175,723
58,232
240,979
At 31 March 2023
20,976
17,289
-
38,265
At 31 March 2022
21,281
21,092
-
42,373
Work in progress
3,338,232
3,310,117
Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Amounts falling due within one year
Trade debtors
70,215
500,418
Other debtors
217,486
102,179
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
201,735
321,988
Trade creditors
1,570,520
1,698,155
Taxes and social security
530,667
662,486
Other creditors
306,693
197,808
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
184,091
265,909
Alexander Maltby Limited
Notes to the Accounts
for the year ended 31 March 2023
9
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
41,018
42,017
Later than one year and not later than five years
73,859
114,877
Later than five years
81,250
106,250
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Transactions with related parties
During the year the company made sales of £41,520 (2022 - £nil) to Alexander Maltby Construction Ltd a company under common control. At 31st March 2023 the balance outstanding to that company was £68,410 (2022 - debtor of £11,310).
During the year the company made sales of £28,150 (2022 - £78,449) and paid rent of £12,500 (2022 - £12,500) to Roma Estates Ltd a company under common control. At 31st March 2023 the balance outstanding to that company was £37,559 (2022 - debtor of £26,572).
During the year the company made sales of £61,520 (2022 - £73,538) to the Yellowhammer Partnership an entity under common control. At 31st March 2023 the balance outstanding to that entity was £92,063 (2022 - £26,682).
The ultimate controlling party is Mr. A O'N Maltby.
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Average number of employees
During the year the average number of employees was 27 (2022: 44).