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THE MALTHOUSE VAULTS LIMITED

Registered Number
08255563
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

THE MALTHOUSE VAULTS LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

Mohammed Abu-Bakar

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

08255563 (England and Wales)
THE MALTHOUSE VAULTS LIMITED
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks3722,490
Debtors35,3975,056
Cash at bank and on hand15,30824,355
21,07731,901
Creditors amounts falling due within one year4(68,493)(57,646)
Net current assets (liabilities)(47,416)(25,745)
Total assets less current liabilities(47,416)(25,745)
Creditors amounts falling due after one year5(32,693)(39,443)
Net assets(80,109)(65,188)
Capital and reserves
Called up share capital11
Profit and loss account(80,110)(65,189)
Shareholders' funds(80,109)(65,188)
The financial statements were approved and authorised for issue by the Director on 14 May 2025, and are signed on its behalf by:
Mohammed Abu-Bakar
Director
Registered Company No. 08255563
THE MALTHOUSE VAULTS LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year57
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,2071,882
Other debtors4,1903,174
Total5,3975,056
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,50917,273
Bank borrowings and overdrafts-4,000
Taxation and social security5,67217,981
Other creditors54,31218,392
Total68,49357,646
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts32,69339,443
Total32,69339,443