Company Registration No. 09113370 (England and Wales)
Mallon Cars Limited
Unaudited accounts
for the year ended 30 September 2024
Mallon Cars Limited
Unaudited accounts
Contents
Mallon Cars Limited
Company Information
for the year ended 30 September 2024
Company Number
09113370 (England and Wales)
Registered Office
Springfield House
Tabernacle Road
Ammanford
Carmarthenshire
SA18 2YB
UK
Accountants
M J Hazel & Co
30 Brookfield
Neath
Neath PT
SA10 7EH
Mallon Cars Limited
Statement of financial position
as at 30 September 2024
Tangible assets
29,392
32,040
Inventories
107,097
136,263
Cash at bank and in hand
56,023
28,140
Creditors: amounts falling due within one year
(84,687)
(97,072)
Net current assets
84,244
74,087
Total assets less current liabilities
113,636
106,127
Creditors: amounts falling due after more than one year
(20,000)
(20,000)
Called up share capital
2
2
Profit and loss account
93,634
86,125
Shareholders' funds
93,636
86,127
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 June 2025 and were signed on its behalf by
P.A. Mallon
Director
Company Registration No. 09113370
Mallon Cars Limited
Notes to the Accounts
for the year ended 30 September 2024
Mallon Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 09113370. The registered office is Springfield House, Tabernacle Road, Ammanford, Carmarthenshire, SA18 2YB, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
12,822
13,001
36,417
7,692
69,932
Additions
-
-
-
1,582
1,582
At 30 September 2024
12,822
13,001
36,417
9,274
71,514
At 1 October 2023
-
9,026
25,302
3,564
37,892
Charge for the year
-
595
2,779
856
4,230
At 30 September 2024
-
9,621
28,081
4,420
42,122
At 30 September 2024
12,822
3,380
8,336
4,854
29,392
At 30 September 2023
12,822
3,975
11,115
4,128
32,040
Mallon Cars Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
713
447
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
16,667
26,667
Taxes and social security
2,634
39
Other creditors
6,247
3,992
Loans from directors
46,234
61,617
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
20,000
20,000
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).