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REGISTERED NUMBER: 11530761 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Mallorys Ltd

Mallorys Ltd (Registered number: 11530761)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mallorys Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs H F Mallory
Mr B F Mallory
Mr J D Mallory
Miss L F Mallory





REGISTERED OFFICE: Ryedale House
Malton Road
Seamer
Scarborough
North Yorkshire
YO12 4PX





REGISTERED NUMBER: 11530761 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Mallorys Ltd (Registered number: 11530761)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,400 28,080
Tangible assets 5 320,064 340,547
343,464 368,627

CURRENT ASSETS
Stocks 20,000 60,000
Debtors 6 8,412 7,180
Cash at bank 37,724 46,540
66,136 113,720
CREDITORS
Amounts falling due within one year 7 283,295 364,997
NET CURRENT LIABILITIES (217,159 ) (251,277 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,305

117,350

PROVISIONS FOR LIABILITIES 57,838 55,832
NET ASSETS 68,467 61,518

CAPITAL AND RESERVES
Called up share capital 16 16
Retained earnings 68,451 61,502
68,467 61,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mallorys Ltd (Registered number: 11530761)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




Mrs H F Mallory - Director Mr B F Mallory - Director




Mr J D Mallory - Director Miss L F Mallory - Director


Mallorys Ltd (Registered number: 11530761)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Mallorys 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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, 25% on reducing balance and 15% 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 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.

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.

Mallorys Ltd (Registered number: 11530761)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 46,800
AMORTISATION
At 1 October 2022 18,720
Charge for year 4,680
At 30 September 2023 23,400
NET BOOK VALUE
At 30 September 2023 23,400
At 30 September 2022 28,080

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 493,030
Additions 38,101
Disposals (5,700 )
At 30 September 2023 525,431
DEPRECIATION
At 1 October 2022 152,483
Charge for year 58,584
Eliminated on disposal (5,700 )
At 30 September 2023 205,367
NET BOOK VALUE
At 30 September 2023 320,064
At 30 September 2022 340,547

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 958 2,783
Other debtors 7,454 4,397
8,412 7,180

Mallorys Ltd (Registered number: 11530761)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 21,370 96,507
Taxation and social security 41,365 24,035
Other creditors 220,560 244,455
283,295 364,997