1 February 2023 false Taxfiler 2024.6 11094239business:PrivateLimitedCompanyLtd2023-02-012024-01-31 110942392023-01-31 110942392023-02-012024-01-31 11094239business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 11094239business:AbridgedAccounts2023-02-012024-01-31 110942392024-01-31 11094239business:Director12023-02-012024-01-31 11094239business:RegisteredOffice2023-02-012024-01-31 110942392023-01-31 11094239core:WithinOneYear2024-01-31 11094239core:WithinOneYear2023-01-31 11094239core:AfterOneYear2024-01-31 11094239core:AfterOneYear2023-01-31 11094239core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11094239core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 11094239core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11094239core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 11094239core:PreviouslyStatedAmount2024-01-31 11094239core:PreviouslyStatedAmount2023-01-31 11094239business:SmallEntities2023-02-012024-01-31 11094239countries:EnglandWales2023-02-012024-01-31 11094239core:FurnitureFittings2023-02-012024-01-31 11094239core:ComputerEquipment2023-02-012024-01-31 110942392022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 11094239 (England and Wales)
M C Mallett Accountants Limited Unaudited accounts for the year ended 31 January 2024
M C Mallett Accountants Limited Unaudited accounts Contents
Page
- 2 -
M C Mallett Accountants Limited Company Information for the year ended 31 January 2024
Director
Matthew Christopher Mallett
Company Number
11094239 (England and Wales)
Registered Office
4 Hiltons Lane Wiggenhall St Germans King's Lynn Norfolk PE34 3EZ England
Accountants
M C Mallett Accountants Ltd 4 Hiltons Lane Wiggenhall St Germans King's Lynn Norfolk PE34 3EZ
- 3 -
M C Mallett Accountants Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
21,572 
26,966 
Tangible assets
7,367 
2,337 
28,939 
29,303 
Current assets
Inventories
200 
200 
Debtors
42,132 
40,027 
Cash at bank and in hand
23,760 
24,553 
66,092 
64,780 
Creditors: amounts falling due within one year
(31,308)
(30,622)
Net current assets
34,784 
34,158 
Total assets less current liabilities
63,723 
63,461 
Creditors: amounts falling due after more than one year
(35,250)
(43,250)
Provisions for liabilities
Deferred tax
(1,400)
(450)
Net assets
27,073 
19,761 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
26,973 
19,661 
Shareholders' funds
27,073 
19,761 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 October 2024 and were signed on its behalf by
Matthew Christopher Mallett Director Company Registration No. 11094239
- 4 -
M C Mallett Accountants Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
M C Mallett Accountants Limited is a private company, limited by shares, registered in England and Wales, registration number 11094239. The registered office is 4 Hiltons Lane, Wiggenhall St Germans, King's Lynn, Norfolk, PE34 3EZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and impairment.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
Straight Line over 3 Years
Stocks and work in progress
Post and stationery stocks are valued at cost. Work in progress is recoverable un-invoiced billable time.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
M C Mallett Accountants Limited Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 February 2023
53,935 
At 31 January 2024
53,935 
Amortisation
At 1 February 2023
26,969 
Charge for the year
5,394 
At 31 January 2024
32,363 
Net book value
At 31 January 2024
21,572 
At 31 January 2023
26,966 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
7,312 
Additions
6,839 
Disposals
(2,513)
At 31 January 2024
11,638 
Depreciation
At 1 February 2023
4,975 
Charge for the year
1,809 
On disposals
(2,513)
At 31 January 2024
4,271 
Net book value
At 31 January 2024
7,367 
At 31 January 2023
2,337 
6
Average number of employees
During the year the average number of employees was 5 (2023: 5).
- 6 -