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Registered number: 05987156
Malmains & Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05987156
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,060 5,060
Tangible Assets 5 7,703 5,814
12,763 10,874
CURRENT ASSETS
Debtors 6 28,674 31,149
Cash at bank and in hand 116,923 96,127
145,597 127,276
Creditors: Amounts Falling Due Within One Year 7 (52,090 ) (55,580 )
NET CURRENT ASSETS (LIABILITIES) 93,507 71,696
TOTAL ASSETS LESS CURRENT LIABILITIES 106,270 82,570
Creditors: Amounts Falling Due After More Than One Year 8 (1,010 ) (1,395 )
NET ASSETS 105,260 81,175
CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium account (99,998 ) (99,998 )
Profit and Loss Account 205,256 181,171
SHAREHOLDERS' FUNDS 105,260 81,175
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew White
Director
7th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Malmains & Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05987156 . The registered office is 1 Charing Cross, Norwich, Norfolk, NR2 4AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are shares held in an AIM quoted company that is held at market value, that may be revalued periodically based on the open market price.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0%
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 7
5 7
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 5,060
As at 31 March 2024 5,060
Net Book Value
As at 31 March 2024 5,060
As at 1 April 2023 5,060
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 3,102 5,577 13,094 25,585 47,358
Additions - 4,455 - - 4,455
As at 31 March 2024 3,102 10,032 13,094 25,585 51,813
Depreciation
As at 1 April 2023 3,102 2,850 12,173 23,419 41,544
Provided during the period - 1,795 230 541 2,566
As at 31 March 2024 3,102 4,645 12,403 23,960 44,110
Net Book Value
As at 31 March 2024 - 5,387 691 1,625 7,703
As at 1 April 2023 - 2,727 921 2,166 5,814
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,008 29,645
Prepayments and accrued income 1,666 1,504
28,674 31,149
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,652 6,726
Corporation tax 18,517 22,263
VAT 27,921 26,591
52,090 55,580
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 50 554
Directors loan account 960 841
1,010 1,395
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Matthew White 39,250 45,000
Page 5