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REGISTERED NUMBER: 00942781 (England and Wales)















Maltby Auto Electrical Services Limited

Unaudited Financial Statements For The Year Ended 31 May 2024






Maltby Auto Electrical Services Limited (Registered number: 00942781)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Maltby Auto Electrical Services Limited

Company Information
For The Year Ended 31 May 2024







DIRECTORS: R D Ogley
M A Ogley
A L Ogley





SECRETARY: A L Ogley





REGISTERED OFFICE: Hope Street
Rotherham
South Yorkshire
S60 1LH





REGISTERED NUMBER: 00942781 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Maltby Auto Electrical Services Limited (Registered number: 00942781)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 449,841 288,875
449,841 288,875

CURRENT ASSETS
Stocks 225,183 262,597
Debtors 6 258,880 264,786
Cash at bank and in hand 366,387 205,116
850,450 732,499
CREDITORS
Amounts falling due within one year 7 442,066 364,668
NET CURRENT ASSETS 408,384 367,831
TOTAL ASSETS LESS CURRENT LIABILITIES 858,225 656,706

PROVISIONS FOR LIABILITIES 51,371 23,433
NET ASSETS 806,854 633,273

CAPITAL AND RESERVES
Called up share capital 2,080 2,080
Revaluation reserve 8 128,447 -
Retained earnings 676,327 631,193
806,854 633,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





R D Ogley - Director


Maltby Auto Electrical Services Limited (Registered number: 00942781)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Maltby Auto Electrical Services Limited 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 Company 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 as modified by the revaluation of certain assets.

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.

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 etc - at varying rates on cost and at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company'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 21 (2023 - 17 ) .

Maltby Auto Electrical Services Limited (Registered number: 00942781)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 58,500
AMORTISATION
At 1 June 2023
and 31 May 2024 58,500
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 254,000 384,905 638,905
Additions - 56,266 56,266
Disposals - (22,792 ) (22,792 )
Revaluations 96,000 - 96,000
At 31 May 2024 350,000 418,379 768,379
DEPRECIATION
At 1 June 2023 58,189 291,841 350,030
Charge for year - 44,080 44,080
Eliminated on disposal - (17,383 ) (17,383 )
Revaluation adjustments (58,189 ) - (58,189 )
At 31 May 2024 - 318,538 318,538
NET BOOK VALUE
At 31 May 2024 350,000 99,841 449,841
At 31 May 2023 195,811 93,064 288,875

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 96,000 - 96,000
Cost 254,000 418,379 672,379
350,000 418,379 768,379

Freehold property was valued on an open market basis on 29 April 2024 by Commercial Property Rotherham Limited .

Maltby Auto Electrical Services Limited (Registered number: 00942781)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 234,066 241,821
Other debtors 24,814 22,965
258,880 264,786

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 213,055 164,926
Taxation and social security 109,305 111,681
Other creditors 119,706 88,061
442,066 364,668

8. RESERVES
Revaluation
reserve
£   
Revaluation in the year 128,447

At 31 May 2024 128,447