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REGISTERED NUMBER: 08599115 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MALL SOLUTIONS UK LTD

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Notes to the Consolidated Financial Statements 8


MALL SOLUTIONS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T W J Brice
B R Lewis
J Normansell
L Thomas





REGISTERED OFFICE: 5 The Quadrant
Coventry
United Kingdom
CV1 2EL





REGISTERED NUMBER: 08599115 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023


The directors present their report with the financial statements of the company and the group for the year ended 31 December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

T W J Brice
B R Lewis
J Normansell
L Thomas

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





B R Lewis - Director


12 August 2024

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Notes £    £   

TURNOVER 2,017,047 1,044,989

Cost of sales 29,873 29,844
GROSS PROFIT 1,987,174 1,015,145

Administrative expenses 1,909,690 1,020,565
OPERATING PROFIT/(LOSS) 4 77,484 (5,420 )

Interest receivable and similar income 1,976 73
79,460 (5,347 )
Gain/loss on acquisition of
subsidiary - 242,102
79,460 236,755

Interest payable and similar expenses 2,940 1,598
PROFIT BEFORE TAXATION 76,520 235,157

Tax on profit 17,818 63
PROFIT FOR THE FINANCIAL YEAR 58,702 235,094

Profit attributable to:
Owners of the parent 58,702 235,094

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

CONSOLIDATED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 89,833 89,833
Tangible assets 7 19,880 15,902
Investments 8 - -
109,713 105,735

CURRENT ASSETS
Debtors 9 635,820 589,876
Cash at bank and in hand 1,353,986 1,109,309
1,989,806 1,699,185
CREDITORS
Amounts falling due within one year 10 1,761,034 1,456,246
NET CURRENT ASSETS 228,772 242,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,485

348,674

CREDITORS
Amounts falling due after more than one year 11 34,518 54,409
NET ASSETS 303,967 294,265

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 302,967 293,265
303,967 294,265

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

CONSOLIDATED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





B R Lewis - Director


MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

COMPANY BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 - -
Investments 8 100 100
100 100

CURRENT ASSETS
Debtors 9 346,473 277,052
Cash at bank 1,920 20,989
348,393 298,041
CREDITORS
Amounts falling due within one year 10 277,200 221,278
NET CURRENT ASSETS 71,193 76,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,293

76,863

CREDITORS
Amounts falling due after more than one year 11 15,000 25,000
NET ASSETS 56,293 51,863

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 55,293 50,863
56,293 51,863

Company's profit/(loss) for the financial year 53,430 (7,308 )

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

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

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

COMPANY BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





B R Lewis - Director


MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Mall Solutions UK 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 General 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.

Basis of consolidation
The financial statements consolidate the financial statements of Mall Solutions UK Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from, or to, the date that control passes.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 - 20% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group'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 NIL (2022 - NIL).

The average number of employees by undertakings that were proportionately consolidated during the year was 30 (2022 - 39 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 6,393 3,102

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. INTANGIBLE FIXED ASSETS

Group
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 89,833
NET BOOK VALUE
At 31 December 2023 89,833
At 31 December 2022 89,833

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. TANGIBLE FIXED ASSETS

Group
Plant and
machinery
£   
COST
At 1 January 2023 19,004
Additions 10,371
At 31 December 2023 29,375
DEPRECIATION
At 1 January 2023 3,102
Charge for year 6,393
At 31 December 2023 9,495
NET BOOK VALUE
At 31 December 2023 19,880
At 31 December 2022 15,902

8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100


During the previous year, the company acquired 100% of the share capital of Mall Solutions Europe Limited (company number 07303106 registered in England and Wales) on 30th June 2022 for nominal value. Prior to, and following the acquistion, both companies had the same controlling party, Byron Lewis. The value of the assets and liabilities of Mall Solutions Europe Limited at 30.06.2022 was £242,102.

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade debtors 271,461 244,118 58,379 50,432
Amounts owed by group undertakings - 2,954 275,284 180,284
Other debtors 364,359 342,804 12,810 46,336
635,820 589,876 346,473 277,052

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Bank loans and overdrafts 20,783 20,783 10,000 10,000
Trade creditors 9,220 16,632 2,166 6,357
Taxation and social security 160,652 118,897 28,937 15,744
Other creditors 1,570,379 1,299,934 236,097 189,177
1,761,034 1,456,246 277,200 221,278

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Bank loans 34,518 54,409 15,000 25,000

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
B R Lewis
Balance outstanding at start of year 377 (163 )
Amounts advanced - 109,940
Amounts repaid - (109,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 377 377

MALL SOLUTIONS UK LTD (REGISTERED NUMBER: 08599115)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J Normansell
Balance outstanding at start of year 4,080 4,080
Amounts advanced 17,500 7,000
Amounts repaid (17,500 ) (7,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,080 4,080

L Thomas
Balance outstanding at start of year 6,040 (460 )
Amounts advanced 4,000 10,000
Amounts repaid (8,750 ) (3,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,290 6,040

T W J Brice
Balance outstanding at start of year 837 837
Amounts advanced 7,875 3,150
Amounts repaid (7,875 ) (3,150 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 837 837