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REGISTERED NUMBER: 03487569 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MALLORY INDUSTRIAL COATINGS LIMITED

MALLORY INDUSTRIAL COATINGS LIMITED (REGISTERED NUMBER: 03487569)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MALLORY INDUSTRIAL COATINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: David John Ross
Jean Isobel Ross
Timothy John Hood





SECRETARY: Jean Isobel Ross





REGISTERED OFFICE: Old Hall Cottage
10 Main Street
Dunton Bassett
Lutterworth
Leicestershire
LE17 5JH





REGISTERED NUMBER: 03487569 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

MALLORY INDUSTRIAL COATINGS LIMITED (REGISTERED NUMBER: 03487569)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,829 12,370

CURRENT ASSETS
Stocks 18,750 15,020
Debtors 5 146,430 190,750
Prepayments and accrued income 10,054 14,928
Cash at bank 181,945 193,890
357,179 414,588
CREDITORS
Amounts falling due within one year 6 63,926 87,896
NET CURRENT ASSETS 293,253 326,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,082

339,062

PROVISIONS FOR LIABILITIES 2,438 3,093
NET ASSETS 303,644 335,969

CAPITAL AND RESERVES
Called up share capital 280,000 280,000
Retained earnings 23,644 55,969
SHAREHOLDERS' FUNDS 303,644 335,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MALLORY INDUSTRIAL COATINGS LIMITED (REGISTERED NUMBER: 03487569)

BALANCE SHEET - continued
31 JANUARY 2025


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 15 May 2025 and were signed on its behalf by:




David John Ross - Director



Timothy John Hood - Director


MALLORY INDUSTRIAL COATINGS LIMITED (REGISTERED NUMBER: 03487569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Mallory Industrial Coatings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

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 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.

MALLORY INDUSTRIAL COATINGS LIMITED (REGISTERED NUMBER: 03487569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet. These assets are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to income as incurred.

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.

Fixed asset investments
The values of the investments held by the company are reviewed annually, and, where appropriate, are amortised over their estimated useful life.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and Office and Motor
machinery equipment fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2024 111,793 3,332 4,900 19,200 139,225
Additions 4,102 419 - - 4,521
Disposals (2,900 ) - - - (2,900 )
At 31 January 2025 112,995 3,751 4,900 19,200 140,846
DEPRECIATION
At 1 February 2024 103,271 2,842 4,159 16,583 126,855
Charge for year 2,332 182 74 524 3,112
Eliminated on disposal (1,950 ) - - - (1,950 )
At 31 January 2025 103,653 3,024 4,233 17,107 128,017
NET BOOK VALUE
At 31 January 2025 9,342 727 667 2,093 12,829
At 31 January 2024 8,522 490 741 2,617 12,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 146,430 190,750

MALLORY INDUSTRIAL COATINGS LIMITED (REGISTERED NUMBER: 03487569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 37,442 25,802
Corporation tax 770 28,702
Social security and other taxes 20,979 27,140
Other creditors 4,543 6,060
Directors' loan accounts 192 192
63,926 87,896