MAL CONTRACTORS LTD

Company Registration Number:
11048449 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

MAL CONTRACTORS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

MAL CONTRACTORS LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 149,934 106,839
Total fixed assets: 149,934 106,839
Current assets
Stocks: 498,543
Debtors: 4 638,924 336,848
Cash at bank and in hand: 216,638 114,144
Total current assets: 1,354,105 450,992
Creditors: amounts falling due within one year: 5 (810,939) (155,808)
Net current assets (liabilities): 543,166 295,184
Total assets less current liabilities: 693,100 402,023
Creditors: amounts falling due after more than one year: 6 (166,482) (83,690)
Total net assets (liabilities): 526,618 318,333
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 526,615 318,330
Shareholders funds: 526,618 318,333

The notes form part of these financial statements

MAL CONTRACTORS LTD

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Mr Vinoothan Mahalingam
Status: Director

The notes form part of these financial statements

MAL CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Commercial Vehicles: reducing balance 20% Equipment: reducing balance 20%

Other accounting policies

Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. Pension Costs The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

MAL CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 11 4

MAL CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 130,543
Additions 97,917
Disposals (17,338)
At 30 November 2023 211,122
Depreciation
At 01 December 2022 23,704
Charge for year 37,484
At 30 November 2023 61,188
Net book value
At 30 November 2023 149,934
At 30 November 2022 106,839

MAL CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 638,924 336,758

MAL CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

PAYE control: £158,519 Salaries and wages control: £27,893 Trade creditors: £601,527 Other creditors: £17,000 Accruals: £6,000 Total: £810,939

MAL CONTRACTORS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due after more than one year note

Trade debtors: £362,312 UK corporation tax: £951 VAT: £99,288 Other debtors: £169,621 Directors current account: £6,752 Total: £638,924