IRIS Accounts Production v25.1.3.33 01822316 Board of Directors 1.11.23 31.10.24 31.10.24 27.5.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018223162023-10-31018223162024-10-31018223162023-11-012024-10-31018223162022-10-31018223162022-11-012023-10-31018223162023-10-3101822316ns15:EnglandWales2023-11-012024-10-3101822316ns14:PoundSterling2023-11-012024-10-3101822316ns10:Director12023-11-012024-10-3101822316ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3101822316ns10:SmallEntities2023-11-012024-10-3101822316ns10:Audited2023-11-012024-10-3101822316ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3101822316ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3101822316ns10:FullAccounts2023-11-012024-10-3101822316ns10:Director22023-11-012024-10-3101822316ns10:Director32023-11-012024-10-3101822316ns10:CompanySecretary12023-11-012024-10-3101822316ns10:RegisteredOffice2023-11-012024-10-3101822316ns5:CurrentFinancialInstruments2024-10-3101822316ns5:CurrentFinancialInstruments2023-10-3101822316ns5:ShareCapital2024-10-3101822316ns5:ShareCapital2023-10-3101822316ns5:RetainedEarningsAccumulatedLosses2024-10-3101822316ns5:RetainedEarningsAccumulatedLosses2023-10-3101822316ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-11-012024-10-3101822316ns5:PlantMachinery2023-11-012024-10-3101822316ns5:FurnitureFittings2023-11-012024-10-3101822316ns5:MotorVehicles2023-11-012024-10-3101822316ns5:LandBuildings2023-10-3101822316ns5:PlantMachinery2023-10-3101822316ns5:FurnitureFittings2023-10-3101822316ns5:MotorVehicles2023-10-3101822316ns5:LandBuildings2023-11-012024-10-3101822316ns5:LandBuildings2024-10-3101822316ns5:PlantMachinery2024-10-3101822316ns5:FurnitureFittings2024-10-3101822316ns5:MotorVehicles2024-10-3101822316ns5:LandBuildings2023-10-3101822316ns5:PlantMachinery2023-10-3101822316ns5:FurnitureFittings2023-10-3101822316ns5:MotorVehicles2023-10-3101822316ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3101822316ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 01822316 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Malden Roofing Contractors (Sheffield)
Limited

Malden Roofing Contractors (Sheffield)
Limited (Registered number: 01822316)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Malden Roofing Contractors (Sheffield)
Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr Robert Bullas
Mr John Mark Bullas
Mr Gary Bullas



SECRETARY: Mr Gary Bullas



REGISTERED OFFICE: 2 Platt Street
Sheffield
South Yorkshire
S3 8BQ



REGISTERED NUMBER: 01822316 (England and Wales)



INDEPENDENT AUDITORS: Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Virgin Money
66 Fargate
Sheffield
South Yorkshire
S1 2HE

Malden Roofing Contractors (Sheffield)
Limited (Registered number: 01822316)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 408,050 392,896

CURRENT ASSETS
Stocks 99,982 82,608
Debtors 5 1,181,655 901,223
Cash at bank 1,182,780 1,005,903
2,464,417 1,989,734
CREDITORS
Amounts falling due within one year 6 (464,906 ) (317,040 )
NET CURRENT ASSETS 1,999,511 1,672,694
TOTAL ASSETS LESS CURRENT LIABILITIES 2,407,561 2,065,590

PROVISIONS FOR LIABILITIES (31,702 ) (32,335 )
NET ASSETS 2,375,859 2,033,255

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 2,350,859 2,008,255
2,375,859 2,033,255

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Mr Gary Bullas - Director


Malden Roofing Contractors (Sheffield)
Limited (Registered number: 01822316)

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


1. STATUTORY INFORMATION

Malden Roofing Contractors (Sheffield) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the fair value of consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue from its principal activity in the period which the service is rendered.

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.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.


Malden Roofing Contractors (Sheffield)
Limited (Registered number: 01822316)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Going concern
The directors have considered the impact of the current challenging environment and continue to adopt the going concern basis in preparing the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 23 ) .

Malden Roofing Contractors (Sheffield)
Limited (Registered number: 01822316)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 305,691 42,346 13,782 271,647 633,466
Additions - - - 64,650 64,650
Disposals - - - (53,105 ) (53,105 )
At 31 October 2024 305,691 42,346 13,782 283,192 645,011
DEPRECIATION
At 1 November 2023 21,400 36,292 12,024 170,854 240,570
Charge for year 4,280 605 224 40,351 45,460
Eliminated on disposal - - - (49,069 ) (49,069 )
At 31 October 2024 25,680 36,897 12,248 162,136 236,961
NET BOOK VALUE
At 31 October 2024 280,011 5,449 1,534 121,056 408,050
At 31 October 2023 284,291 6,054 1,758 100,793 392,896

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 720,570 514,292
Amounts owed by group undertakings 380,801 350,801
Other debtors 80,284 36,130
1,181,655 901,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade creditors 252,286 149,853
Taxation and social security 167,403 129,770
Other creditors 45,217 37,417
464,906 317,040

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Tom Henshaw (Senior Statutory Auditor)
for and on behalf of Landin Wilcock & Co

Malden Roofing Contractors (Sheffield)
Limited (Registered number: 01822316)

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


8. ULTIMATE CONTROLLING PARTY

The controlling party is Malden Holdings Limited who own 100% of the ordinary share capital of the company.

Mr G Bullas, Mr R Bullas and Mr J Bullas own 100% of the share capital of Malden Holdings Limited.