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Registered Number: SC478275
England and Wales

 

 

 

MALIN SOLUTIONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

MALIN SOLUTIONS LTD
Contents Page
For the year ended 31 May 2024
Director Farooq Shaik
Registered Number SC478275
Registered Office 8 Albany Street
Edinburgh
EH1 3QB
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 May 2024.
Principal activities
Principal activity of the company during the financial year continued to be information technology consultancy services.
Director
The director who served the company throughout the year was as follows:
Farooq Shaik
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Farooq Shaik
Director

Date approved: 07 April 2025
2
 
 		 Notes
 		 2024
£		   2023
£
Current assets      
Debtors 3 4,467    4,467 
Cash at bank and in hand 17,548    16,902 
22,015    21,369 
Creditors: amount falling due within one year 4 (21,690)   (18,869)
Net current assets 325    2,500 
 
Total assets less current liabilities 325    2,500 
Net assets 325    2,500 
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 324    2,499 
Shareholders' funds 325    2,500 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 07 April 2025 and were signed by:


-------------------------------
Farooq Shaik
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 June 2022 1  4,813  4,814 
Profit for the year 15,686  15,686 
Total comprehensive income for the year -  15,686  15,686 
Dividends (18,000) (18,000)
Total investments by and distributions to owners -  (18,000) (18,000)
At 31 May 2023 1  2,499  2,500 
At 01 June 2023 1  2,499  2,500 
Profit for the year 9,825  9,825 
Total comprehensive income for the year -  9,825  9,825 
Dividends (12,000) (12,000)
Total investments by and distributions to owners -  (12,000) (12,000)
At 31 May 2024 1  324  325 
4
General Information
MALIN SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number SC478275, registration address 8 Albany Street, Edinburgh, EH1 3QB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Debtors: amounts falling due after one year

2024
£		   2023
£
S419 Debtors Account 4,467    4,467 
4,467    4,467 

4.

Creditors: amount falling due within one year

2024
£		   2023
£
Corporation Tax 2,304    3,613 
Wages & Salaries Control Account 1,879    1,129 
Directors' Current Accounts 11,309    11,607 
Director: Farooq Shaik 100    0 
VAT 6,098    2,520 
21,690    18,869 

5.

Ultimate Control

Mr. Farooq Shaik is a director and 10% shareholder having ultimate controlling power in the company.
5