2023-04-012024-03-312024-03-31false07578219MAL-VW 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MAL-VW LIMITED

Registered Number
07578219
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

MAL-VW LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Matthew Orton

Registered Address

St Denys House
22 East Hill
St. Austell
PL25 4TR

Registered Number

07578219 (England and Wales)
MAL-VW LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets41,550,725999,155
1,550,725999,155
Current assets
Stocks5157,000192,750
Debtors66,910548,090
Cash at bank and on hand141,3512,568
305,261743,408
Creditors amounts falling due within one year7(30,158)(35,032)
Net current assets (liabilities)275,103708,376
Total assets less current liabilities1,825,8281,707,531
Provisions for liabilities8(698)(345)
Net assets1,825,1301,707,186
Capital and reserves
Profit and loss account1,825,1301,707,186
Shareholders' funds1,825,1301,707,186
The financial statements were approved and authorised for issue by the Director on 5 July 2024, and are signed on its behalf by:
Matthew Orton
Director
Registered Company No. 07578219
MAL-VW LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 23100,000100,000
At 31 March 24100,000100,000
Amortisation and impairment
At 01 April 23100,000100,000
At 31 March 24100,000100,000
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 23994,25554,5927761,049,623
Additions552,796--552,796
At 31 March 241,547,05154,5927761,602,419
Depreciation and impairment
At 01 April 23-49,71775150,468
Charge for year-1,21971,226
At 31 March 24-50,93675851,694
Net book value
At 31 March 241,547,0513,656181,550,725
At 31 March 23994,2554,87525999,155
5.Stocks

2024

2023

££
Payments on account, stocks157,000192,750
Total157,000192,750
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4843,018
Other debtors-542,343
Prepayments and accrued income6,4262,729
Total6,910548,090
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,1424,027
Taxation and social security17,03520,816
Other creditors2,6982,220
Accrued liabilities and deferred income8,2837,969
Total30,15835,032
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)698345
Total698345
9.Directors advances, credits and guarantees
Included in other creditors is an amount of £474 owed to Mr M Orton from the company (2023: £483,071 owed to the company from Mr M Orton).