Registered Number:08635279 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
MALIBU MANUFACTURING LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
MALIBU MANUFACTURING LTD
Statement of Financial Position
2022
2023
11,141
-
2
Property, plant and equipment |
650,610
200,480
3
661,751
200,480
Trade and other receivables |
763,763
987,105
4
2,102
Cash and cash equivalents |
823
987,928
765,865
Trade and other payables: amounts falling due within one |
year |
(748,636)
(1,277,064)
5
17,229
(289,136)
Net current liabilities
Total assets less current liabilities |
372,615
217,709
372,615
Net assets
217,709
2
2
372,613
217,707
372,615
217,709
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit 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 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Stuart Anthony Spurling Director |
These financial statements were approved and authorised for issue by the Board on 08 May 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
MALIBU MANUFACTURING LTD
Notes to the Financial Statements
Statutory Information
MALIBU MANUFACTURING LTD is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08635279. |
23 Dennis Lane
Stanmore
Middlesex
HA7 4JS
The presentation currency is £ sterling. |
Basis of preparing the financial statements
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. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of 20 years. Up to end of December 2023, this had been amortised and disclosed in Malibu Health Products Ltd but has been transferred to this company at that date. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 December 2023
MALIBU MANUFACTURING LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
50,000
50,000
38,859
38,859
11,141
The goodwill has been transferred (at the net book value) to this company from Malibu Health Products Limited in |
December 2023 with the amortisation in 2023 being provided in the transferor company. |
3. Property, plant and equipment |
Motor vehicles
879,464
24,821
45,000
809,643
374,159
-
-
374,159
881,362
-
-
881,362
2,065,164
45,000
24,821
2,134,985
Provision for depreciation and impairment |
678,984
17,405
35,562
626,017
Charge for year
114,928
1,483
1,888
111,557
690,463
-
-
690,463
1,484,375
18,888
37,450
1,428,037
637,127
7,550
5,933
650,610
183,626
9,438
7,416
200,480
The plant and machinery has been transferred (at net book value) by Malibu Health Products Limited in December |
2023. The plant and machinery had a full year depreciation charged in the transferor company in 2023. |
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For the year ended 31 December 2023
MALIBU MANUFACTURING LTD
Notes to the Financial Statements Continued
4. Trade and other receivables |
2022
2023
974,159
760,403
12,946
3,360
763,763
987,105
5. Trade and other payables: amounts falling due within one year |
2022
2023
429,065
51,752
Taxation and social security |
193,831
186,520
654,168
510,364
1,277,064
748,636
6. Related party transactions |
The company is owed £974,159 (2022 - £760,403) by Malibu Health Products Limited and the sales made to this |
company comprised |
£3,623,628 (2022 - £1,794,616). |
Purchases amounted to £nil (2022 - £nil) from Malibu Manufacturing Limited. |
The company paid management charges of £150,000 (2022 - £200,000) to Malibu Manufacturing Limited |
7. Average number of persons employed |
During the year the average number of employees was 77 (2022 : 49)
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