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REGISTERED NUMBER: 05867652 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Malooba Ltd

Malooba Ltd (Registered number: 05867652)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Malooba Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: E Chevannes





REGISTERED OFFICE: 4 Scarne Court
Hurdon Road
Launceston
Cornwall
PL15 9LR





REGISTERED NUMBER: 05867652 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

Malooba Ltd (Registered number: 05867652)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,814 10,976

CURRENT ASSETS
Debtors 5 33,017 44,174
Cash at bank 467,042 441,738
500,059 485,912
CREDITORS
Amounts falling due within one year 6 72,253 99,426
NET CURRENT ASSETS 427,806 386,486
TOTAL ASSETS LESS CURRENT LIABILITIES 445,620 397,462

PROVISIONS FOR LIABILITIES 5,574 2,349
NET ASSETS 440,046 395,113

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 440,045 395,112
440,046 395,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Malooba Ltd (Registered number: 05867652)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2024 and were signed by:





E Chevannes - Director


Malooba Ltd (Registered number: 05867652)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Malooba Ltd 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 1 ) .

Malooba Ltd (Registered number: 05867652)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 39,396
Additions 20,832
Disposals (25,053 )
At 31 July 2023 35,175
DEPRECIATION
At 1 August 2022 28,420
Charge for year 10,710
Eliminated on disposal (21,769 )
At 31 July 2023 17,361
NET BOOK VALUE
At 31 July 2023 17,814
At 31 July 2022 10,976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 28,668 39,631
Other debtors 4,349 4,543
33,017 44,174

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 44,522 74,844
Other creditors 27,731 24,582
72,253 99,426

7. RELATED PARTY DISCLOSURES

At the end of the year, included within other creditors, the company owed the director £12,826 (2022 £221).

During the year total dividends of £24,000 (2022 £19,000) were paid to the director.

8. ULTIMATE CONTROLLING PARTY

The controlling party is E Chevannes.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Malooba Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Malooba Ltd for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Malooba Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Malooba Ltd and state those matters that we have agreed to state to the director of Malooba Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Malooba Ltd and its director for our work or for this report.

It is your duty to ensure that Malooba Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Malooba Ltd. You consider that Malooba Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Malooba Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR


4 March 2024