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REGISTERED NUMBER: 12049050 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

MALLETT & WINSTANLEY LIMITED

MALLETT & WINSTANLEY LIMITED (REGISTERED NUMBER: 12049050)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MALLETT & WINSTANLEY LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs L Winstanley



REGISTERED OFFICE: 14 The Centre
Higher Folds
Leigh
Lancashire
WN7 2XY



REGISTERED NUMBER: 12049050 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Santander
40 Witton Street
Northwich
Cheshire
CW9 5AG

MALLETT & WINSTANLEY LIMITED (REGISTERED NUMBER: 12049050)

Balance Sheet
31 August 2024

31.8.24 31.8.23
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,800
Tangible assets 5 5,441 5,641
5,441 7,441

CURRENT ASSETS
Stocks 24,359 20,632
Debtors 6 3,432 1,616
Cash at bank and in hand 14,341 30,965
42,132 53,213
CREDITORS
Amounts falling due within one year 7 31,166 41,846
NET CURRENT ASSETS 10,966 11,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,407

18,808

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 16,397 18,798
SHAREHOLDERS' FUNDS 16,407 18,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





Mrs L Winstanley - Director


MALLETT & WINSTANLEY LIMITED (REGISTERED NUMBER: 12049050)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Mallett & Winstanley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 12.5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

MALLETT & WINSTANLEY LIMITED (REGISTERED NUMBER: 12049050)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 9,000
AMORTISATION
At 1 September 2023 7,200
Amortisation for year 1,800
At 31 August 2024 9,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 1,800

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 457 2,623 3,041 7,121 13,242
Additions - 1,052 - - 1,052
At 31 August 2024 457 3,675 3,041 7,121 14,294
DEPRECIATION
At 1 September 2023 229 1,222 1,282 4,868 7,601
Charge for year 57 368 264 563 1,252
At 31 August 2024 286 1,590 1,546 5,431 8,853
NET BOOK VALUE
At 31 August 2024 171 2,085 1,495 1,690 5,441
At 31 August 2023 228 1,401 1,759 2,253 5,641

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
as restated
£    £   
Tax 1,729 -
Prepayments and accrued income 1,703 1,616
3,432 1,616

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
as restated
£    £   
Trade creditors 2,223 3,604
Taxation and social security 2,883 5,539
Other creditors 26,060 32,703
31,166 41,846

MALLETT & WINSTANLEY LIMITED (REGISTERED NUMBER: 12049050)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: as restated
£    £   
9 Ordinary A shares 1 9 9
1 Ordinary B Shares 1 1 1
10 10

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L Winstanley.