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REGISTERED NUMBER: 05680753 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Malcolm Banham Shopfitting Limited

Malcolm Banham Shopfitting Limited (Registered number: 05680753)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Malcolm Banham Shopfitting Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: Mr M A Banham
Mrs J Banham





SECRETARY: Mrs J Banham





REGISTERED OFFICE: 13a Duke Street
Southport
Merseyside
PR8 1LS





REGISTERED NUMBER: 05680753 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

Malcolm Banham Shopfitting Limited (Registered number: 05680753)

Balance Sheet
29 February 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 4,800 9,600
Tangible assets 5 4,422 357
9,222 9,957

CURRENT ASSETS
Stocks 43,282 33,548
Debtors 6 6,239 12,770
Cash at bank and in hand 4,815 8,287
54,336 54,605
CREDITORS
Amounts falling due within one year 7 (50,957 ) (50,534 )
NET CURRENT ASSETS 3,379 4,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,601

14,028

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 2,601 4,028
SHAREHOLDERS' FUNDS 12,601 14,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Mrs J Banham - Director


Malcolm Banham Shopfitting Limited (Registered number: 05680753)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Malcolm Banham Shopfitting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the net sales value of goods supplied and work undertaken where a right to consideration exists during the year.

Goodwill
Goodwill relates to the acquisition of a business in 2006. The net book value brought forward of £48,000 is being amortised evenly over the minimum anticipated economic life of 10 years from 1 March 2015.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 7 (2023 - 9 ) .

Malcolm Banham Shopfitting Limited (Registered number: 05680753)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 March 2023
and 29 February 2024 60,000
AMORTISATION
At 1 March 2023 50,400
Charge for year 4,800
At 29 February 2024 55,200
NET BOOK VALUE
At 29 February 2024 4,800
At 28 February 2023 9,600

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 March 2023 2,686 13,153 997 16,836
Additions - 4,794 436 5,230
At 29 February 2024 2,686 17,947 1,433 22,066
DEPRECIATION
At 1 March 2023 2,472 13,010 997 16,479
Charge for year 32 988 145 1,165
At 29 February 2024 2,504 13,998 1,142 17,644
NET BOOK VALUE
At 29 February 2024 182 3,949 291 4,422
At 28 February 2023 214 143 - 357

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,239 12,770

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 16,202 -
Trade creditors 5,350 9,445
Taxation and social security 25,889 37,316
Other creditors 3,516 3,773
50,957 50,534

Malcolm Banham Shopfitting Limited (Registered number: 05680753)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdraft 16,202 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10,000 Ordinary £1 10,000 10,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£ £
Mr M A Banham and Mrs J Banham
Balance outstanding at start of year (251 ) 1,508
Amounts advanced 10,805 10,741
Amounts repaid (11,000 ) (12,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (446 ) (251 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr.M.A.Banham (director), who is the majority shareholder.