Registered number
07931706
M. Mali Ltd
Filleted Accounts
29 February 2024
M. Mali Ltd
Registered number: 07931706
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 470 626
Current assets
Debtors 4 475,202 267,128
Investments held as current assets 5 106,000 106,000
Cash at bank and in hand 163,256 232,096
744,458 605,224
Creditors: amounts falling due within one year 6 (52,833) (33,189)
Net current assets 691,625 572,035
Total assets less current liabilities 692,095 572,661
Creditors: amounts falling due after more than one year 7 (13,880) (24,255)
Net assets 678,215 548,406
Capital and reserves
Called up share capital 100 100
Profit and loss account 678,115 548,306
Shareholders' funds 678,215 548,406
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr M. Mali
Director
Approved by the board on 25 November 2024
M. Mali Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 March 2023 3,149
At 29 February 2024 3,149
Depreciation
At 1 March 2023 2,523
Charge for the year 156
At 29 February 2024 2,679
Net book value
At 29 February 2024 470
At 28 February 2023 626
4 Debtors 2024 2023
£ £
Other debtors 83,741 75,454
Director's account 391,461 191,674
475,202 267,128
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 106,000 106,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,102 10,644
Taxation and social security costs 40,949 22,545
Other creditors 782 -
52,833 33,189
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,880 24,255
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr M. Mali
Loans to directors 191,674 199,787 - 391,461
191,674 199,787 - 391,461
9 Related party transactions
The company provided the director a loan of £391,461 (2023: £191,674). The director has paid interest on the loan to the company during the year. The director repaid £210,000 to the company after the Balance Sheet date.
10 Controlling party
The director controls the company.
11 Other information
M. Mali Ltd is a private company limited by shares and incorporated in England. Its registered office is:
27 Fairby Lane
Hartley
Longfield
DA3 8DA
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