Company registration number 11239579 (England and Wales)
MALBERN TRADE WINDOWS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
MALBERN TRADE WINDOWS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
4 - 7
MALBERN TRADE WINDOWS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
26,906
35,196
Current assets
Stocks
27,740
24,872
Debtors
4
209,740
211,166
Cash at bank and in hand
108,576
89,266
346,056
325,304
Creditors: amounts falling due within one year
5
(234,528)
(229,112)
Net current assets
111,528
96,192
Total assets less current liabilities
138,434
131,388
Creditors: amounts falling due after more than one year
6
(28,241)
(54,766)
Net assets
110,193
76,622
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
110,183
76,612
Total equity
110,193
76,622

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MALBERN TRADE WINDOWS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 January 2025 and are signed on its behalf by:
Mr P C Lewis
Director
Company Registration No. 11239579
MALBERN TRADE WINDOWS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2022
10
68,678
68,688
Year ended 30 April 2023:
Profit and total comprehensive income for the year
-
187,934
187,934
Dividends
-
(180,000)
(180,000)
Balance at 30 April 2023
10
76,612
76,622
Year ended 30 April 2024:
Profit and total comprehensive income for the year
-
138,571
138,571
Dividends
-
(105,000)
(105,000)
Balance at 30 April 2024
10
110,183
110,193
MALBERN TRADE WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information

Malbern Trade Windows Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 14, Shepley Industrial Estate North, Shepley Road, Audenshaw, Manchester, United Kingdom, M34 5DR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
33% Straight line
Motor vehicles
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

MALBERN TRADE WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
11
6
MALBERN TRADE WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023
2,259
3,065
47,357
52,682
Additions
50
5,037
-
0
5,087
Disposals
(998)
-
0
(2,500)
(3,498)
At 30 April 2024
1,311
8,103
44,857
54,271
Depreciation and impairment
At 1 May 2023
778
1,490
15,217
17,485
Depreciation charged in the year
375
1,520
10,901
12,796
Eliminated in respect of disposals
(519)
-
0
(2,397)
(2,916)
At 30 April 2024
634
3,010
23,721
27,365
Carrying amount
At 30 April 2024
677
5,093
21,136
26,906
At 30 April 2023
1,481
1,575
32,140
35,196
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
108,349
89,172
Other debtors
101,391
121,994
209,740
211,166
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,556
5,555
Trade creditors
136,862
142,990
Taxation and social security
85,026
59,312
Other creditors
7,084
21,255
234,528
229,112
MALBERN TRADE WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
28,241
33,797
Other creditors
-
0
20,969
28,241
54,766
2024-04-302023-05-01false14 January 2025CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMrs B KenyonMr P C LewisMr R Kenyonfalsefalse112395792023-05-012024-04-30112395792024-04-30112395792023-04-3011239579core:FurnitureFittings2024-04-3011239579core:ComputerEquipment2024-04-3011239579core:MotorVehicles2024-04-3011239579core:FurnitureFittings2023-04-3011239579core:ComputerEquipment2023-04-3011239579core:MotorVehicles2023-04-3011239579core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3011239579core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3011239579core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-3011239579core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-3011239579core:CurrentFinancialInstruments2024-04-3011239579core:CurrentFinancialInstruments2023-04-3011239579core:Non-currentFinancialInstruments2024-04-3011239579core:Non-currentFinancialInstruments2023-04-3011239579core:ShareCapital2024-04-3011239579core:ShareCapital2023-04-3011239579core:RetainedEarningsAccumulatedLosses2024-04-3011239579core:RetainedEarningsAccumulatedLosses2023-04-3011239579core:ShareCapital2022-04-3011239579core:RetainedEarningsAccumulatedLosses2022-04-3011239579bus:Director22023-05-012024-04-3011239579core:RetainedEarningsAccumulatedLosses2022-05-012023-04-30112395792022-05-012023-04-3011239579core:RetainedEarningsAccumulatedLosses2023-05-012024-04-3011239579core:FurnitureFittings2023-05-012024-04-3011239579core:ComputerEquipment2023-05-012024-04-3011239579core:MotorVehicles2023-05-012024-04-3011239579core:FurnitureFittings2023-04-3011239579core:MotorVehicles2023-04-30112395792023-04-3011239579core:ComputerEquipment2023-04-3011239579core:WithinOneYear2024-04-3011239579core:WithinOneYear2023-04-3011239579bus:PrivateLimitedCompanyLtd2023-05-012024-04-3011239579bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011239579bus:FRS1022023-05-012024-04-3011239579bus:AuditExemptWithAccountantsReport2023-05-012024-04-3011239579bus:Director12023-05-012024-04-3011239579bus:Director32023-05-012024-04-3011239579bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP