IRIS Accounts Production v23.3.1.45 06788966 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067889662022-02-28067889662023-02-28067889662022-03-012023-02-28067889662021-02-28067889662021-03-012022-02-28067889662022-02-2806788966ns10:Originalns15:EnglandWales2022-03-012023-02-2806788966ns14:PoundSterlingns10:Original2022-03-012023-02-2806788966ns10:Originalns10:Director12022-03-012023-02-2806788966ns10:Original2022-03-012023-02-2806788966ns10:Original2023-02-2806788966ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2806788966ns10:Originalns10:SmallEntities2022-03-012023-02-2806788966ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2806788966ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806788966ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2806788966ns10:Originalns10:FullAccounts2022-03-012023-02-2806788966ns10:Originalns10:RegisteredOffice2022-03-012023-02-2806788966ns10:Original2022-02-2806788966ns10:Originalns5:CurrentFinancialInstruments2023-02-2806788966ns10:Originalns5:CurrentFinancialInstruments2022-02-2806788966ns10:Originalns5:Non-currentFinancialInstruments2023-02-2806788966ns10:Originalns5:Non-currentFinancialInstruments2022-02-2806788966ns5:ShareCapitalns10:Original2023-02-2806788966ns5:ShareCapitalns10:Original2022-02-2806788966ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2806788966ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2806788966ns10:Originalns5:LandBuildings2022-03-012023-02-2806788966ns10:Originalns5:PlantMachinery2022-03-012023-02-2806788966ns10:Original2021-03-012022-02-2806788966ns10:Originalns5:LandBuildings2022-02-2806788966ns10:Originalns5:PlantMachinery2022-02-2806788966ns10:Original2022-02-2806788966ns10:Originalns5:LandBuildings2023-02-2806788966ns10:Originalns5:PlantMachinery2023-02-2806788966ns10:Originalns5:LandBuildings2022-02-2806788966ns10:Originalns5:PlantMachinery2022-02-2806788966ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806788966ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2806788966ns5:Securedns10:Original2023-02-2806788966ns5:Securedns10:Original2022-02-28
REGISTERED NUMBER: 06788966 (England and Wales)















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: M Ahmed





REGISTERED OFFICE: Wellington House
Aylesbury Road
Princes Risborough
Buckinghamshire
HP27 0JP





REGISTERED NUMBER: 06788966 (England and Wales)





ACCOUNTANTS: Partridges Accountancy Services Limited
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 4 665,744 661,045

CURRENT ASSETS
Stocks 12,000 10,000
Debtors 5 198,141 166,050
Prepayments and accrued income 7,358 3,858
Cash at bank and in hand 23,580 107,917
241,079 287,825
CREDITORS
Amounts falling due within one year 6 214,500 191,792
NET CURRENT ASSETS 26,579 96,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

692,323

757,078

CREDITORS
Amounts falling due after more than one
year

7

(438,156

)

(492,275

)

PROVISIONS FOR LIABILITIES (1,464 ) (1,464 )
NET ASSETS 252,703 263,339

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 252,603 263,239
SHAREHOLDERS' FUNDS 252,703 263,339

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 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


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





M Ahmed - Director


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 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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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 8 (2022 - 8 ) .

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 653,840 93,090 746,930
Additions 6,500 - 6,500
At 28 February 2023 660,340 93,090 753,430
DEPRECIATION
At 1 March 2022 - 85,885 85,885
Charge for year - 1,801 1,801
At 28 February 2023 - 87,686 87,686
NET BOOK VALUE
At 28 February 2023 660,340 5,404 665,744
At 28 February 2022 653,840 7,205 661,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 198,141 166,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 60,333 60,333
Trade creditors 25,489 21,785
Taxation and social security 110,835 93,231
Other creditors 17,843 16,443
214,500 191,792

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 438,156 492,275

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 498,489 552,608

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.