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Registered Number: 10282155
England and Wales

 

 

 

MALIKS TRADING CO LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Accountants report
You consider that the company is exempt from an audit for the year ended 31 July 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Dinson & Co
31 July 2023



....................................................
Dinson & Co
No 1 Darley Avenue
Bobbers Mill
Nottingham
NG7 5NQ
12 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 9,876    12,037 
9,876    12,037 
Current assets      
Stocks 76,814    7,000 
Debtors (59,000)   (59,000)
Cash at bank and in hand 471    88,301 
18,285    36,301 
Creditors: amount falling due within one year (20,952)   (12,621)
Net current liabilities (2,667)   23,680 
 
Total assets less current liabilities 7,209    35,717 
Creditors: amount falling due after more than one year (49,238)   (55,173)
Net liabilities (42,029)   (19,456)
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account (42,129)   (19,556)
Shareholder's funds (42,029)   (19,456)
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 12 March 2024 and were signed on its behalf by:


-------------------------------
Shahjhan Nawaz Nawaz
Director
2
General Information
MALIKS TRADING CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10282155, registration address 296 Farnborough Road, Clifton, Nottingham, NG11 8LJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
This represents the amounts received from the HMRC as support under Coronavirus Job Retention Scheme. Government grants received are credited to profit & loss account.  These are taxable non-refundable grants.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 August 2022   1,000    1,000 
Additions 12,995      12,995 
Disposals    
At 31 July 2023 12,995    1,000    13,995 
Depreciation
At 01 August 2022 1,170    788    1,958 
Charge for year 2,129    32    2,161 
On disposals    
At 31 July 2023 3,299    820    4,119 
Net book values
Closing balance as at 31 July 2023 9,696    180    9,876 
Opening balance as at 01 August 2022 11,825    212    12,037 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

3