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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
Page
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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
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Malco Services Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,637 
5,418 
Current assets
Debtors
90,736 
39,589 
Cash at bank and in hand
22,969 
3,013 
113,705 
42,602 
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)
Capital and reserves
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
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Malco Services Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
Presentation currency
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 
Depreciation
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 
Net book value
At 29 February 2024
4,095 
10,061 
536 
1,945 
16,637 
At 28 February 2023
469 
4,615 
- 
334 
5,418 
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Malco Services Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
57,342 
35,578 
Accrued income and prepayments
504 
- 
Other debtors
32,890 
4,011 
90,736 
39,589 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,818 
4,931 
VAT
51,107 
9,465 
Obligations under finance leases and hire purchase contracts
4,569 
- 
Trade creditors
24,461 
17,043 
Taxes and social security
29,325 
22,664 
Other creditors
- 
(9,080)
Accruals
2,100 
- 
114,380 
45,023 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,795 
- 
Obligations under finance leases and hire purchase contracts
1,164 
2,303 
Other creditors
- 
19,249 
15,959 
21,552 
8
Loans to directors
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).
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