Registered number
06564383
MALPOL LIMITED
Filleted Accounts
30 April 2024
MALPOL LIMITED
Registered number: 06564383
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,001 8,001
Current assets
Stocks 51,560 57,000
Debtors 4 195,684 21,922
Cash at bank and in hand 192,248 263,574
439,492 342,496
Creditors: amounts falling due within one year 5 (190,287) (118,254)
Net current assets 249,205 224,242
Net assets 255,206 232,243
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 245,206 222,243
Shareholder's funds 255,206 232,243
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 member has 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.
Mr P Malinowski
Director
Approved by the board on 27 August 2024
MALPOL LIMITED
Notes to the Accounts
for the year ended 30 April 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reduced balance
Fixtures, fittings, tools and equipment 25% reduced balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 13
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 28,165
At 30 April 2024 28,165
Depreciation
At 1 May 2023 20,164
Charge for the year 2,000
At 30 April 2024 22,164
Net book value
At 30 April 2024 6,001
At 30 April 2023 8,001
4 Debtors 2024 2023
£ £
Trade debtors 11,684 21,922
Other debtors 184,000 -
195,684 21,922
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 33,530 38,439
Taxation and social security costs 113,849 53,463
Other creditors 42,908 26,352
190,287 118,254
6 Other information
MALPOL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
351-357 Holbrook Lane
Coventry
CV6 4DG
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