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Registered Number: 11515830
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2023

for

MALTBYS' STORES 1904 LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 338,922    385,333 
Tangible fixed assets 4 67,037    76,292 
405,959    461,625 
Current assets      
Stocks 5 885,666    845,898 
Debtors 6 58,702    39,204 
Cash at bank and in hand 1,051,464    400,207 
1,995,832    1,285,309 
Creditors: amount falling due within one year 7 (1,448,467)   (935,712)
Net current assets 547,365    349,597 
 
Total assets less current liabilities 953,324    811,222 
Provisions for liabilities 8 (9,776)   (9,065)
Net assets 943,548    802,157 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 943,448    802,057 
Shareholders' funds 943,548    802,157 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 August 2024 and were signed on its behalf by:


-------------------------------
Paul Maltby
Director
1
General Information
Maltbys' Stores 1904 Limited is a private company, limited by shares, registered in England and Wales, registration number 11515830, registration address 521 Hessle Road, Hull, East Yorkshire, HU3 4UD.

The presentation currency is £ sterling.
1.

Accounting policies

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 20% Straight Line
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 39 (2022 : 31).
3.

Intangible fixed assets

Cost Goodwill is to be amortised over 10 years   Other intangibles are to be amortised over 3 years   Total
  £   £   £
At 01 January 2023 680,000      680,000 
Additions   26,800    26,800 
Disposals    
At 31 December 2023 680,000    26,800    706,800 
Amortisation
At 01 January 2023 294,667      294,667 
Charge for year 68,000    5,211    73,211 
On disposals    
At 31 December 2023 362,667    5,211    367,878 
Net book values
At 31 December 2023 317,333    21,589    338,922 
At 31 December 2022 385,333      385,333 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 January 2023 25,544    125,850    12,183    163,577 
Additions   21,363      21,363 
Disposals   (939)     (939)
At 31 December 2023 25,544    146,274    12,183    184,001 
Depreciation
At 01 January 2023 13,442    66,920    6,923    87,285 
Charge for year 3,025    23,928    3,214    30,167 
On disposals   (488)     (488)
At 31 December 2023 16,467    90,360    10,137    116,964 
Net book values
Closing balance as at 31 December 2023 9,077    55,914    2,046    67,037 
Opening balance as at 01 January 2023 12,102    58,930    5,260    76,292 


5.

Stocks

2023
£
  2022
£
Stocks 885,666    845,898 
885,666    845,898 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 29,233    8,279 
Prepayments & Accrued Income 11,550    9,530 
Other Debtors 17,919    21,395 
58,702    39,204 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 139,153    50,363 
Corporation Tax 113,008    62,367 
Accrued Expenses 249,071    228,756 
Other Creditors 690,082    372,654 
Directors' Current Accounts 405    27,070 
VAT 256,748    194,502 
1,448,467    935,712 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 9,776    9,065 
9,776    9,065 

2