REGISTERED NUMBER: |
Malta Choice Ltd |
Unaudited Financial Statements for the Year Ended 30 December 2023 |
REGISTERED NUMBER: |
Malta Choice Ltd |
Unaudited Financial Statements for the Year Ended 30 December 2023 |
Malta Choice Ltd (Registered number: 09338379) |
Contents of the Financial Statements |
for the Year Ended 30 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Malta Choice Ltd |
Company Information |
for the Year Ended 30 December 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Craven House |
32 Lee Lane |
Horwich |
Bolton |
BL6 7BY |
Malta Choice Ltd (Registered number: 09338379) |
Statement of Financial Position |
30 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Provisions for liabilities | 8 |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 9 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Malta Choice Ltd (Registered number: 09338379) |
Statement of Financial Position - continued |
30 December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Malta Choice Ltd (Registered number: 09338379) |
Notes to the Financial Statements |
for the Year Ended 30 December 2023 |
1. | Statutory information |
Malta Choice Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration receivable for services rendered, net of discounts and Value Added Tax. |
Goodwill |
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. The accounting poilcy departs from the usual requirements of FRS 102 to amortise goodwill over a finite period.The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the period would have amounted to £2,000 and the profit for the year reduced accordingly, |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. |
Financial instruments |
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Malta Choice Ltd (Registered number: 09338379) |
Notes to the Financial Statements - continued |
for the Year Ended 30 December 2023 |
2. | Accounting policies - continued |
Going concern |
The company relies upon the financial support of its creditors to facilitate a continuation of its trading activity. The directors are therefore able to prepare the financial statements on the basis of the going concern concept. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 31 December 2022 |
and 30 December 2023 |
Net book value |
At 30 December 2023 |
At 30 December 2022 |
5. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 31 December 2022 |
and 30 December 2023 |
Depreciation |
At 31 December 2022 |
Charge for year |
At 30 December 2023 |
Net book value |
At 30 December 2023 |
At 30 December 2022 |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
Malta Choice Ltd (Registered number: 09338379) |
Notes to the Financial Statements - continued |
for the Year Ended 30 December 2023 |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Provisions for liabilities |
2023 | 2022 |
£ | £ |
Deferred tax | - | 2 |
Deferred |
tax |
£ |
Balance at 31 December 2022 |
Balance at 30 December 2023 |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | 1 | 2 | 2 |
10. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the year ended 30 December 2023 and the period ended 30 December 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |