IRIS Accounts Production v23.3.1.45 08450609 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084506092022-02-28084506092023-02-28084506092022-03-012023-02-28084506092021-02-28084506092021-03-012022-02-28084506092022-02-2808450609ns10:Originalns15:EnglandWales2022-03-012023-02-2808450609ns14:PoundSterlingns10:Original2022-03-012023-02-2808450609ns10:Originalns10:Director12022-03-012023-02-2808450609ns10:Original2022-03-012023-02-2808450609ns10:Original2023-02-2808450609ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2808450609ns10:Originalns10:SmallEntities2022-03-012023-02-2808450609ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2808450609ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2808450609ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2808450609ns10:Originalns10:FullAccounts2022-03-012023-02-2808450609ns10:CompanySecretary1ns10:Original2022-03-012023-02-2808450609ns10:Originalns10:RegisteredOffice2022-03-012023-02-2808450609ns10:Original2022-02-2808450609ns10:Originalns5:CurrentFinancialInstruments2023-02-2808450609ns10:Originalns5:CurrentFinancialInstruments2022-02-2808450609ns5:ShareCapitalns10:Original2023-02-2808450609ns5:ShareCapitalns10:Original2022-02-2808450609ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2808450609ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2808450609ns10:Originalns5:LandBuildings2022-03-012023-02-2808450609ns10:Originalns5:PlantMachinery2022-03-012023-02-2808450609ns10:Original2021-03-012022-02-2808450609ns10:Originalns5:LandBuildings2022-02-2808450609ns10:Originalns5:PlantMachinery2022-02-2808450609ns10:Original2022-02-2808450609ns10:Originalns5:LandBuildings2023-02-2808450609ns10:Originalns5:PlantMachinery2023-02-2808450609ns10:Originalns5:LandBuildings2022-02-2808450609ns10:Originalns5:PlantMachinery2022-02-2808450609ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2808450609ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 08450609 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MALIKS EXPRESS LIMITED

MALIKS EXPRESS LIMITED (REGISTERED NUMBER: 08450609)

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 EXPRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: M Ahmed





SECRETARY: M M Ahmed





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





REGISTERED NUMBER: 08450609 (England and Wales)





ACCOUNTANTS: Partridges Accountancy Services Limited
Chartered Certified Accountants
Wellington House
Aylesbury Road
Princes Risborough
Buckinghamshire
HP27 0JP

MALIKS EXPRESS LIMITED (REGISTERED NUMBER: 08450609)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,747 24,724

CURRENT ASSETS
Stocks 5,000 4,000
Debtors 5 144,070 130,436
Cash at bank and in hand 20,102 107,033
169,172 241,469
CREDITORS
Amounts falling due within one year 6 167,778 144,141
NET CURRENT ASSETS 1,394 97,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,141

122,052

PROVISIONS FOR LIABILITIES 853 853
NET ASSETS 22,288 121,199

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,188 121,099
SHAREHOLDERS' FUNDS 22,288 121,199

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 EXPRESS LIMITED (REGISTERED NUMBER: 08450609)

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 EXPRESS LIMITED (REGISTERED NUMBER: 08450609)

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


1. STATUTORY INFORMATION

Maliks Express 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 - at varying rates on cost
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 EXPRESS LIMITED (REGISTERED NUMBER: 08450609)

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
and 28 February 2023 36,627 19,433 56,060
DEPRECIATION
At 1 March 2022 16,482 14,854 31,336
Charge for year 1,832 1,145 2,977
At 28 February 2023 18,314 15,999 34,313
NET BOOK VALUE
At 28 February 2023 18,313 3,434 21,747
At 28 February 2022 20,145 4,579 24,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 144,070 130,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 8,798 22,837
Taxation and social security 48,177 52,251
Other creditors 110,803 69,053
167,778 144,141

7. CONTINGENT LIABILITIES

HSBC Bank PLC holds the following securities:

Maliks Express Limited has entered into a secured bank loan agreement with its bankers. The security given under the loan agreement with its bankers incudes a fixed and floating charge over all the assets of Maliks Express Limited.

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 above are under the common control of the directors and shareholders of Maliks Express Limited.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company was owed £51,902 (2022: owed £65,469) to Mr M Ahmed, the company director. The loan is repayable on demand and does not attract interest. The loan has been fully repaid since the balance sheet date.

MALIKS EXPRESS LIMITED (REGISTERED NUMBER: 08450609)

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


9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £7,395 to Maliks of Marlow Limited, 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.

At the balance sheet date the company was owed £64,784 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 owed £99,908 to Beta UK Limited, 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.

At the balance sheet date the company was owed £9,000 from High Street 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 was owed £2,600 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.

These amounts are shown in other debtors or other creditors as appropriate.