Company Registration No. 07154171 (England and Wales)
Malco Services Limited
Unaudited accounts
for the year ended 29 February 2024
Malco Services Limited
Unaudited accounts
Contents
Malco Services Limited
Company Information
for the year ended 29 February 2024
Directors
H C Malaweera Arachchige
M Malaweera
Company Number
07154171 (England and Wales)
Registered Office
The Commercial Centre
6 Green End
Comberton
Cambridge
CB23 7DY
Accountants
Axys Business Solutions Ltd
35 Charlton Gardens
Coulsdon
Surrey
CR5 1AS
Malco Services Limited
Statement of financial position
as at 29 February 2024
Tangible assets
16,637
5,418
Cash at bank and in hand
22,969
3,013
Creditors: amounts falling due within one year
(114,380)
(45,023)
Net current liabilities
(675)
(2,421)
Total assets less current liabilities
15,962
2,997
Creditors: amounts falling due after more than one year
(15,959)
(21,552)
Net assets/(liabilities)
3
(18,555)
Called up share capital
2
2
Profit and loss account
1
(18,557)
Shareholders' funds
3
(18,555)
For the year ending 29 February 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
H C Malaweera Arachchige
Director
Company Registration No. 07154171
Malco Services Limited
Notes to the Accounts
for the year ended 29 February 2024
Malco Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07154171. The registered office is The Commercial Centre, 6 Green End, Comberton, Cambridge, CB23 7DY.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
5,251
8,750
-
2,370
16,371
Additions
9,187
8,800
660
2,387
21,034
Disposals
(2,089)
-
-
(1,148)
(3,237)
At 29 February 2024
12,349
17,550
660
3,609
34,168
At 1 March 2023
4,782
4,135
-
2,036
10,953
Charge for the year
4,210
3,354
124
776
8,464
On disposals
(738)
-
-
(1,148)
(1,886)
At 29 February 2024
8,254
7,489
124
1,664
17,531
At 29 February 2024
4,095
10,061
536
1,945
16,637
At 28 February 2023
469
4,615
-
334
5,418
Malco Services Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
57,342
35,578
Accrued income and prepayments
504
-
Other debtors
32,890
4,011
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,818
4,931
Obligations under finance leases and hire purchase contracts
4,569
-
Trade creditors
24,461
17,043
Taxes and social security
29,325
22,664
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,164
2,303
Other Debtors include £19,147, being advances made to directors.
9
Average number of employees
During the year the average number of employees was 38 (2023: 8).