Caseware UK (AP4) 2023.0.135 2023.0.135 4the supply and maintenance of drink dispensing equipment2023-01-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07837696 2023-01-01 2023-12-31 07837696 2022-01-01 2022-12-31 07837696 2023-12-31 07837696 2022-12-31 07837696 c:CompanySecretary1 2023-01-01 2023-12-31 07837696 c:Director1 2023-01-01 2023-12-31 07837696 c:Director2 2023-01-01 2023-12-31 07837696 c:RegisteredOffice 2023-01-01 2023-12-31 07837696 d:MotorVehicles 2023-01-01 2023-12-31 07837696 d:OfficeEquipment 2023-01-01 2023-12-31 07837696 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 07837696 d:OtherPropertyPlantEquipment 2023-12-31 07837696 d:OtherPropertyPlantEquipment 2022-12-31 07837696 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07837696 d:CurrentFinancialInstruments 2023-12-31 07837696 d:CurrentFinancialInstruments 2022-12-31 07837696 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07837696 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07837696 d:ShareCapital 2023-12-31 07837696 d:ShareCapital 2022-12-31 07837696 d:RetainedEarningsAccumulatedLosses 2023-12-31 07837696 d:RetainedEarningsAccumulatedLosses 2022-12-31 07837696 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 07837696 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 07837696 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07837696 c:OrdinaryShareClass1 2023-12-31 07837696 c:OrdinaryShareClass1 2022-12-31 07837696 c:FRS102 2023-01-01 2023-12-31 07837696 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07837696 c:FullAccounts 2023-01-01 2023-12-31 07837696 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07837696 2 2023-01-01 2023-12-31 07837696 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 07837696 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07837696

















Malone Dispense Limited
Financial Statements
Information For Filing With The Registrar
For The Year Ended 31 December 2023

 
Malone Dispense Limited
 
 
Company Information


Directors
James Malone 
Michelle Malone 




Company secretary
Michelle Malone



Registered number
07837696



Registered office
126 Southbourne Gardens

Eastcote

Middlesex

HA4 9SH




Accountants
Michael Leigh (CCA) Limited
Chartered Certified Accountants

Brook House

54a Cowley Mill Road

Uxbridge

Middlesex

UB8 2QE





 
Malone Dispense Limited
 

Contents



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
Malone Dispense Limited
Registered number:07837696

Statement of Financial Position
As at 31 December 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
7,303
8,070

  
7,303
8,070

Current assets
  

Debtors: amounts falling due within one year
 5 
23,326
30,903

Cash at bank and in hand
 6 
180,735
178,513

  
204,061
209,416

Creditors: amounts falling due within one year
 7 
(27,659)
(44,667)

Net current assets
  
 
 
176,402
 
 
164,749

Total assets less current liabilities
  
183,705
172,819

  

Net assets
  
183,705
172,819

Page 1

 
Malone Dispense Limited
Registered number:07837696
    
Statement of Financial Position (continued)
As at 31 December 2023

2023
2023
2022
2022
Note
£
£
£
£

Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
183,605
172,719

  
183,705
172,819


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




James Malone
Director

Date: 16 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
Malone Dispense Limited
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

1.


General information

Malone Dispense Limited is a private company. limited by shares, domiciled in England and Wales,
registration number 07837696. The registered office and business address is 126 Southbourne Gardens Eastcote Middlesex HA4 9SH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
Malone Dispense Limited
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
straight line over 4 years
Office equipment
-
straight line over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
Malone Dispense Limited
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 5

 
Malone Dispense Limited
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 January 2023
27,350


Additions
1,500



At 31 December 2023

28,850



Depreciation


At 1 January 2023
19,280


Charge for the year on owned assets
2,267



At 31 December 2023

21,547



Net book value



At 31 December 2023
7,303



At 31 December 2022
8,070

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
-
8,069

Page 6

 
Malone Dispense Limited
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

5.


Debtors

2023
2022
£
£


Trade debtors
13,895
30,903

Other debtors
8,911
-

Prepayments and accrued income
520
-

23,326
30,903



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
180,735
178,513



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,013
775

Corporation tax
19,002
27,206

Other taxation and social security
6,366
13,942

Obligations under finance lease and hire purchase contracts
-
1,636

Other creditors
203
33

Accruals and deferred income
1,075
1,075

27,659
44,667



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
180,735
178,513



Page 7

 
Malone Dispense Limited
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) ordinary shares of £1.00 each
100
100



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund.
The pension cost charge represents contributions payable by the Company  to the fund and amounted to £7,200 (2022 - £7,200). No contributions (2022 - nil) were payable to the fund at the reporting date.

 
Page 8