01 July 2023 30 June 2024 No principle activity is included 04775591 2023-07-01 04775591 2024-06-30 04775591 2023-07-01 2024-06-30 04775591 2023-06-30 04775591 2022-07-01 2023-06-30 04775591 uk-core:WithinOneYear 2024-06-30 04775591 uk-core:WithinOneYear 2023-06-30 04775591 uk-core:AfterOneYear 2024-06-30 04775591 uk-core:AfterOneYear 2023-06-30 04775591 uk-core:ShareCapital 2024-06-30 04775591 uk-core:ShareCapital 2023-06-30 04775591 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 04775591 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 04775591 uk-bus:Director1 2023-07-01 2024-06-30 04775591 uk-curr:PoundSterling 2023-07-01 2024-06-30 04775591 uk-core:PlantMachinery 2023-07-01 2024-06-30 04775591 uk-core:Vehicles 2023-07-01 2024-06-30 04775591 uk-core:FurnitureFittings 2023-07-01 2024-06-30 04775591 uk-core:OfficeEquipment 2023-07-01 2024-06-30 04775591 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2023-06-30 04775591 uk-core:VehiclesPlantMachinery 2023-06-30 04775591 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2024-06-30 04775591 uk-core:VehiclesPlantMachinery 2024-06-30 04775591 uk-core:LandBuildings uk-core:ShortLeaseholdAssets 2023-07-01 2024-06-30 04775591 uk-core:VehiclesPlantMachinery 2023-07-01 2024-06-30 04775591 uk-core:BetweenTwoFiveYears 2024-06-30 04775591 uk-core:BetweenTwoFiveYears 2023-06-30 04775591 uk-bus:FRS102 2023-07-01 2024-06-30 04775591 uk-bus:FullAccounts 2023-07-01 2024-06-30 04775591 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04775591 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  MARDLEY STORES LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 JUNE 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  MARDLEY STORES LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 JUNE 2024
       
       
  DIRECTORS
       
  Mr M S Dhaliwal
  Mr B.Singh
       
       
  SECRETARY
       
  Mr B Singh
       
  REGISTERED OFFICE
       
  25 Park Street West, Luton, Bedfordshire, LU1 3BE
       
       
  COMPANY REGISTERED NUMBER
       
  04775591
       
       
  BANKERS
       
  Santander
       
       
  ACCOUNTANTS
       
  Haartwells Ltd
       
  Chartered Certified Accountants
25 Park Street West
Luton
Bedfordshire
LU1 3BE
       
  page 1
  MARDLEY STORES LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 JUNE 2024
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  MARDLEY STORES LTD
  Company registered number: 04775591
  STATEMENT OF FINANCIAL POSITION AT 30 June 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 114,819 121,115
  CURRENT ASSETS    
  Inventories   48,750 49,818
  Debtors 4 3,307 2,167
  Cash at bank and in hand   24,194 52,189
      76,251 104,174
  CREDITORS: Amounts falling due within one year 5 57,437 78,945
  NET CURRENT ASSETS   18,814 25,229
  TOTAL ASSETS LESS CURRENT LIABILITIES   133,633 146,344
           
  CREDITORS: Amounts falling due after more than one year 6 (10,681) (19,219)
           
  PROVISIONS FOR LIABILITIES   (4,125) (4,724)
  NET ASSETS   £118,827 £122,401
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   118,727 122,301
  SHAREHOLDERS' FUNDS   £118,827 £122,401
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  MARDLEY STORES LTD
  Company registered number: 04775591
  STATEMENT OF FINANCIAL POSITION AT 30 June 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 25 March 2025
 
  Signed on behalf of the board of directors
 
 
       
  Mr M S Dhaliwal, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  MARDLEY STORES LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 JUNE 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Mardley Stores Ltd is a Private Limited Company incorporated in England and Wales.
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 July 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
  Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
         
 
         
 
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  MARDLEY STORES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 JUNE 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
       
  Management and administration 2 2
  Production and sales 2 2
    4 4
   
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  MARDLEY STORES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 JUNE 2024
         
3. PROPERTY, PLANT AND EQUIPMENT
    Short Plant &  
    Leasehold Machinery Total
    £ £ £
  Cost
         
  At 1 July 2023 79,200 93,562 172,762
         
  At 30 June 2024 79,200 93,562 172,762
   
  Depreciation
         
  At 1 July 2023 - 51,647 51,647
  For the year - 6,296 6,296
  At 30 June 2024 - 57,943 57,943
   
  Net Book Amounts
         
  At 30 June 2024 79,200 35,619 114,819
  At 30 June 2023 79,200 41,915 121,115
   
       
       
4. DEBTORS 2024 2023
    £ £
  Other debtors 3,307 2,167
    £3,307 £2,167
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 15,534 15,781
  Trade creditors 21,965 28,802
  Corporation tax 8,578 18,502
  Other taxes and social security 7,268 6,015
  Other creditors 4,092 9,845
    £57,437 £78,945
   
       
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  MARDLEY STORES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 JUNE 2024
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 10,681 19,219
    £10,681 £19,219
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 15,534 15,781
  within 2-5 years
  bank 10,681 19,219
    £26,215 £35,000
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8