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Registration number: 01417394

Maldwyn Bowden International Sales Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Maldwyn Bowden International Sales Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Maldwyn Bowden International Sales Limited

Company Information

Director

Mr Dave Rudge

Registered office

168 Edward Street
Brighton
East Sussex
BN2 0JB

Accountants

DJM Accountants & Consultancy Limited 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

 

Maldwyn Bowden International Sales Limited

(Registration number: 01417394)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

402,412

398,322

Current assets

 

Stocks

10,355

10,355

Debtors

43,291

82,954

Cash at bank and in hand

 

2,313,306

2,009,045

 

2,366,952

2,102,354

Creditors: Amounts falling due within one year

(202,883)

(178,096)

Net current assets

 

2,164,069

1,924,258

Net assets

 

2,566,481

2,322,580

Capital and reserves

 

Called up share capital

5

1,000

1,000

Revaluation reserve

16,362

16,362

Retained earnings

2,549,119

2,305,218

Shareholders' funds

 

2,566,481

2,322,580

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 May 2025
 

Mr Dave Rudge
Director

   
     
 

Maldwyn Bowden International Sales Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
168 Edward Street
Brighton
East Sussex
BN2 0JB

These financial statements were authorised for issue by the director on 13 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Maldwyn Bowden International Sales Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Maldwyn Bowden International Sales Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 3).

4

Tangible assets

Land and buildings
£

Short leasehold land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Cost or valuation

At 1 October 2023

268,890

105,314

55,308

23,660

Additions

-

-

-

13,495

At 30 September 2024

268,890

105,314

55,308

37,155

Depreciation

At 1 October 2023

-

-

48,935

5,915

Charge for the year

-

-

1,593

7,812

At 30 September 2024

-

-

50,528

13,727

Carrying amount

At 30 September 2024

268,890

105,314

4,780

23,428

At 30 September 2023

268,890

105,314

6,373

17,745

 

Maldwyn Bowden International Sales Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Total
£

Cost or valuation

At 1 October 2023

453,172

Additions

13,495

At 30 September 2024

466,667

Depreciation

At 1 October 2023

54,850

Charge for the year

9,405

At 30 September 2024

64,255

Carrying amount

At 30 September 2024

402,412

At 30 September 2023

398,322

Included within the net book value of land and buildings above is £268,890 (2023 - £268,890) in respect of freehold land and buildings and £105,314 (2023 - £105,314) in respect of short leasehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Ordinary share of £1 each

500

500

500

500

B Ordinary share of £1 each

500

500

500

500

1,000

1,000

1,000

1,000