1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2024 - FRS102_2024 519,048 233,568 25,952 259,520 259,528 285,480 xbrli:pure xbrli:shares iso4217:GBP 09283284 2023-11-01 2024-10-31 09283284 2024-10-31 09283284 2023-10-31 09283284 2022-11-01 2023-10-31 09283284 2023-10-31 09283284 2022-10-31 09283284 core:PlantMachinery 2023-11-01 2024-10-31 09283284 bus:Director1 2023-11-01 2024-10-31 09283284 core:PlantMachinery 2023-10-31 09283284 core:PlantMachinery 2024-10-31 09283284 core:WithinOneYear 2024-10-31 09283284 core:WithinOneYear 2023-10-31 09283284 core:ShareCapital 2024-10-31 09283284 core:ShareCapital 2023-10-31 09283284 core:RetainedEarningsAccumulatedLosses 2024-10-31 09283284 core:RetainedEarningsAccumulatedLosses 2023-10-31 09283284 core:PlantMachinery 2023-10-31 09283284 bus:SmallEntities 2023-11-01 2024-10-31 09283284 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09283284 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09283284 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09283284 bus:FullAccounts 2023-11-01 2024-10-31 09283284 core:KeyManagementPersonnel 2023-11-01 2024-10-31
COMPANY REGISTRATION NUMBER: 09283284
Maluda Limited
Filleted Unaudited Financial Statements
For the year ended
31 October 2024
Maluda Limited
Financial Statements
Year ended 31 October 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Maluda Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
259,528
285,480
Current assets
Debtors
6
24,420
22,327
Cash at bank and in hand
4,278
73,205
--------
--------
28,698
95,532
Creditors: amounts falling due within one year
7
( 17,145)
( 103,388)
--------
----------
Net current assets/(liabilities)
11,553
( 7,856)
----------
----------
Total assets less current liabilities
271,081
277,624
Provisions
Taxation including deferred tax
( 38,820)
( 43,645)
----------
----------
Net assets
232,261
233,979
----------
----------
Capital and reserves
Called up share capital
1
1
Profit and loss account
232,260
233,978
----------
----------
Shareholders funds
232,261
233,979
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Maluda Limited
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 5 June 2025 , and are signed on behalf of the board by:
Mr D P Hawcroft
Director
Company registration number: 09283284
Maluda Limited
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Welham Bridge Farm, Howden Road, Holme on Spalding Moor, York, YO43 4BX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
At the date of signing these financial statements, the director has considered the effect of economic matters that may impact the company and with the information available does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of renewable energy is recognised when the amount of revenue can be measured reliably and it is probable that the associated economic benefits will flow to the entity.
(d) Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
5% straight line
(g) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(h) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractural 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 November 2023 and 31 October 2024
519,048
519,048
----------
----------
Depreciation
At 1 November 2023
233,568
233,568
Charge for the year
25,952
25,952
----------
----------
At 31 October 2024
259,520
259,520
----------
----------
Carrying amount
At 31 October 2024
259,528
259,528
----------
----------
At 31 October 2023
285,480
285,480
----------
----------
6. Debtors
2024
2023
£
£
Trade debtors
24,420
22,327
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
41,416
Trade creditors
1,553
1,440
Corporation tax
13,918
31,077
Social security and other taxes
537
595
Director Loan account
1,137
28,860
--------
----------
17,145
103,388
--------
----------
8. Related party transactions
During the year the company made available a loan to the director. The maximum balance of the loan was £12,756. Interest has been paid on the loan at the HMRC approved rate. During the year, the director made available a loan to the company. The loan is interest free and repayable on demand. The balance at 31 October 2024 was £1,137 (2023 - £28,860).