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REGISTERED NUMBER: 08969707 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Mallett Construction Ltd

Mallett Construction Ltd (Registered number: 08969707)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mallett Construction Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S A J Dickson
F W Taylor





REGISTERED OFFICE: Agricultural Hall
Skirsgill
Penrith
CA11 0DN





REGISTERED NUMBER: 08969707 (England and Wales)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Mallett Construction Ltd (Registered number: 08969707)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,445 11,566

CURRENT ASSETS
Inventories 5 76,554 26,555
Debtors 6 256,416 193,024
Cash at bank and in hand 1,846 14,267
334,816 233,846
CREDITORS
Amounts falling due within one year 7 325,119 230,855
NET CURRENT ASSETS 9,697 2,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,142

14,557

CREDITORS
Amounts falling due after more than one
year

8

13,905

13,905
NET ASSETS 1,237 652

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,137 552
SHAREHOLDERS' FUNDS 1,237 652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Mallett Construction Ltd (Registered number: 08969707)

Statement of Financial Position - continued
30 April 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





S A J Dickson - Director


Mallett Construction Ltd (Registered number: 08969707)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mallett Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Mallett Construction Ltd (Registered number: 08969707)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 1,130 25,640 3,886 30,656
Additions - - 445 445
Disposals - (14,070 ) - (14,070 )
At 30 April 2024 1,130 11,570 4,331 17,031
DEPRECIATION
At 1 May 2023 334 16,869 1,887 19,090
Charge for year 199 1,018 650 1,867
Eliminated on disposal - (9,371 ) - (9,371 )
At 30 April 2024 533 8,516 2,537 11,586
NET BOOK VALUE
At 30 April 2024 597 3,054 1,794 5,445
At 30 April 2023 796 8,771 1,999 11,566

5. INVENTORIES
30/4/24 30/4/23
£    £   
Work-in-progress 76,554 26,555

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 88,882 73,479
Loan - Mallett Holding Ltd 50,000 50,000
Directors' current accounts 73,553 65,533
Corporation tax debtor 25,499 -
VAT 10,097 -
Prepayments 8,385 4,012
256,416 193,024

Mallett Construction Ltd (Registered number: 08969707)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 27,384 42,857
Hire purchase contracts - (6,450 )
Trade creditors 121,056 63,053
Tax 25,499 -
Social security and other taxes 8,912 7,087
VAT - 25,200
Other creditors 7,978 15,422
Deferred income 129,703 79,204
Accrued expenses 4,587 4,482
325,119 230,855

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans >1 year 13,905 13,905