2023-01-01 08635279 2023-12-31 08635279 2023-01-01 2023-12-31 08635279 2022-12-31 08635279 2022-01-01 2022-12-31 08635279 uk-core:WithinOneYear 2022-12-31 08635279 uk-core:WithinOneYear 2023-12-31 08635279 uk-core:ShareCapital 2023-12-31 08635279 uk-core:ShareCapital 2022-12-31 08635279 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 08635279 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 08635279 uk-bus:Director1 2023-01-01 2023-12-31 08635279 uk-core:NetGoodwill 2023-01-01 2023-12-31 08635279 uk-core:PlantMachinery 2023-01-01 2023-12-31 08635279 uk-core:CommercialMotorVehicles 2023-01-01 2023-12-31 08635279 uk-core:FurnitureFittings 2023-01-01 2023-12-31 08635279 uk-core:Goodwill 2023-01-01 2023-12-31 08635279 uk-core:Goodwill 2023-12-31 08635279 uk-core:FurnitureFittings 2022-12-31 08635279 uk-core:CommercialMotorVehicles 2022-12-31 08635279 uk-core:PlantMachinery 2022-12-31 08635279 uk-core:PlantMachinery 2023-12-31 08635279 uk-core:CommercialMotorVehicles 2023-12-31 08635279 uk-core:FurnitureFittings 2023-12-31 iso4217:GBP xbrli:pure 08635279 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08635279 uk-bus:FRS102 2023-01-01 2023-12-31 08635279 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 08635279 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
MALIBU MANUFACTURING LTD
Registered Number:08635279
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
08635279
As at 31 December 2023
MALIBU MANUFACTURING LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
11,141
-
2
Property, plant and equipment
650,610
200,480
3
661,751
200,480
Current assets
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
Capital and reserves
Called up share capital
2
2
Retained earnings
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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4
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.
Registered address:
23 Dennis Lane
Stanmore
Middlesex
HA7 4JS
The presentation currency is £ sterling.
1. Accounting policies
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
20% Reducing balance
20% Reducing balance
Motor vehicles
20% Reducing balance
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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5
For the year ended 31 December 2023
MALIBU MANUFACTURING LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
Transfers
50,000
At 31 December 2023
50,000
Amortisation
Other adjustments
38,859
At 31 December 2023
38,859
Net book value
At 31 December 2023
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
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 January 2023
879,464
24,821
45,000
809,643
374,159
-
-
374,159
Additions
Transfers
881,362
-
-
881,362
At 31 December 2023
2,065,164
45,000
24,821
2,134,985
Provision for depreciation and impairment
At 01 January 2023
678,984
17,405
35,562
626,017
Charge for year
114,928
1,483
1,888
111,557
Other
adjustments
690,463
-
-
690,463
At 31 December 2023
1,484,375
18,888
37,450
1,428,037
At 31 December 2023
Net book value
637,127
7,550
5,933
650,610
At 31 December 2022
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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6
For the year ended 31 December 2023
MALIBU MANUFACTURING LTD
Notes to the Financial Statements Continued
4. Trade and other receivables
2022
2023
£
£
Trade debtors
974,159
760,403
Other debtors
12,946
3,360
763,763
987,105
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
429,065
51,752
Taxation and social security
193,831
186,520
Other creditors
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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