REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 |
FOR |
MALIKS OF MARLOW LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 |
FOR |
MALIKS OF MARLOW LIMITED |
MALIKS OF MARLOW LIMITED (REGISTERED NUMBER: 06788966) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MALIKS OF MARLOW LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Wellington House |
Aylesbury Road |
Princes Risborough |
Buckinghamshire |
HP27 0JP |
MALIKS OF MARLOW LIMITED (REGISTERED NUMBER: 06788966) |
BALANCE SHEET |
28 FEBRUARY 2023 |
28.2.23 | 28.2.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
MALIKS OF MARLOW LIMITED (REGISTERED NUMBER: 06788966) |
BALANCE SHEET - continued |
28 FEBRUARY 2023 |
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 director and authorised for issue on |
MALIKS OF MARLOW LIMITED (REGISTERED NUMBER: 06788966) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
1. | STATUTORY INFORMATION |
Maliks of Marlow Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Land and buildings | - |
Plant and machinery etc | - |
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 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. |
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 |
MALIKS OF MARLOW LIMITED (REGISTERED NUMBER: 06788966) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 March 2022 |
Additions |
At 28 February 2023 |
DEPRECIATION |
At 1 March 2022 |
Charge for year |
At 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
At 28 February 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Bank loans |
MALIKS OF MARLOW LIMITED (REGISTERED NUMBER: 06788966) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
28.2.23 | 28.2.22 |
£ | £ |
Bank loans |
HSBC Bank PLC holds a legal mortgage over the property 101 High Street, Marlow. which is owned by Maliks of Marlow Limited. They also hold a charge over freehold property owned by the directors of Maliks of Marlow Limited. |
9. | CONTINGENT LIABILITIES |
HSBC Bank PLC holds the following securities: |
Debenture comprising fixed and floating charges over all the assets and undertaking of Maliks of Marlow Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future. |
Unlimited Composite Company Guarantee given by High Street Cookham Limited, Beta UK Limited, Hillmart Limited, Maliks Express Limited and Maliks of Marlow Limited to secure all liabilities of each other. All the companies included in the above are under the common control of the directors and shareholders of Maliks of Marlow Limited. |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At the balance sheet date the company was owed £40,790 (2022: £43,249 by Mr M Ahmed, the company director. The loan is repayable on demand and does not attract interest and has been fully repaid since the balance sheet date. |
11. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company was owed £7,395 from Maliks Express Limited, a company in which Mr M Ahmed is the controlling shareholder. The loan is included in other debtors, is repayable on demand and does not attract interest. |
At the balance sheet date the company was owed £78,526 from Hillmart Limited, a company in which Mr M Ahmed is a shareholder. The loan is included in other debtors, is repayable on demand and does not attract interest. |
At the balance sheet date the company was owed £43,846 from Beta UK Limited, a company in which Mr M Ahmed is the controlling shareholder. The loan is included in other debtors, is repayable on demand and does not attract interest. |
At the balance sheet date the company was owed £10,132 from Maliks Express Cookham Ltd, a company in which Mr M Ahmed is the controlling shareholder. The loan is included in other debtors, is repayable on demand and does not attract interest. |
At the balance sheet date the company owed £5,000 to High Street Cookham Ltd, a company in which Mr M Ahmed is the controlling shareholder. The loan is included in other creditors, is repayable on demand and does not attract interest. |