Maldm Installations Ltd 06014648 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is that of tank erectors. Digita Accounts Production Advanced 6.30.9574.0 true true 06014648 2023-12-01 2024-11-30 06014648 2024-11-30 06014648 bus:OrdinaryShareClass1 2024-11-30 06014648 core:CurrentFinancialInstruments 2024-11-30 06014648 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 06014648 core:Goodwill 2024-11-30 06014648 core:LandBuildings 2024-11-30 06014648 core:MotorVehicles 2024-11-30 06014648 core:OtherPropertyPlantEquipment 2024-11-30 06014648 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-11-30 06014648 bus:SmallEntities 2023-12-01 2024-11-30 06014648 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 06014648 bus:FilletedAccounts 2023-12-01 2024-11-30 06014648 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 06014648 bus:RegisteredOffice 2023-12-01 2024-11-30 06014648 bus:CompanySecretaryDirector1 2023-12-01 2024-11-30 06014648 bus:Director1 2023-12-01 2024-11-30 06014648 bus:Director4 2023-12-01 2024-11-30 06014648 bus:Director5 2023-12-01 2024-11-30 06014648 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 06014648 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06014648 core:Goodwill 2023-12-01 2024-11-30 06014648 core:LandBuildings 2023-12-01 2024-11-30 06014648 core:LeaseholdImprovements 2023-12-01 2024-11-30 06014648 core:MotorVehicles 2023-12-01 2024-11-30 06014648 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 06014648 core:PlantMachinery 2023-12-01 2024-11-30 06014648 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-01 2024-11-30 06014648 countries:AllCountries 2023-12-01 2024-11-30 06014648 2023-11-30 06014648 core:Goodwill 2023-11-30 06014648 core:LandBuildings 2023-11-30 06014648 core:MotorVehicles 2023-11-30 06014648 core:OtherPropertyPlantEquipment 2023-11-30 06014648 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-30 06014648 2022-12-01 2023-11-30 06014648 2023-11-30 06014648 bus:OrdinaryShareClass1 2023-11-30 06014648 core:CurrentFinancialInstruments 2023-11-30 06014648 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 06014648 core:LandBuildings 2023-11-30 06014648 core:MotorVehicles 2023-11-30 06014648 core:OtherPropertyPlantEquipment 2023-11-30 06014648 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-30 06014648 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-01 2023-11-30 06014648 2022-11-30 06014648 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06014648

Maldm Installations Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Maldm Installations Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Maldm Installations Ltd

Company Information

Directors

Mr M J Weaver

Mrs M M Weaver

Mr L Weaver

Mr S H Anstey

Company secretary

Mrs M M Weaver

Registered office

Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

Maldm Installations Ltd

(Registration number: 06014648)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

31,313

27,580

Current assets

 

Debtors

5

13,866

8,188

Cash at bank and in hand

 

13,762

16,965

 

27,628

25,153

Creditors: Amounts falling due within one year

6

(53,081)

(36,867)

Net current liabilities

 

(25,453)

(11,714)

Total assets less current liabilities

 

5,860

15,866

Provisions for liabilities

(5,614)

(4,793)

Net assets

 

246

11,073

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

244

11,071

Shareholders' funds

 

246

11,073

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Maldm Installations Ltd

(Registration number: 06014648)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 10 August 2025 and signed on its behalf by:
 

.........................................
Mr M J Weaver
Director

 

Maldm Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

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 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 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

Maldm Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Leasehold improvements

10% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Fully amortised

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.

 

Maldm Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Maldm Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

3

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2023

50,000

50,000

At 30 November 2024

50,000

50,000

Amortisation

At 1 December 2023

50,000

50,000

At 30 November 2024

50,000

50,000

Carrying amount

At 30 November 2024

-

-

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2023

5,879

33,750

7,481

47,110

Additions

-

38,690

234

38,924

Disposals

-

(33,000)

-

(33,000)

At 30 November 2024

5,879

39,440

7,715

53,034

Depreciation

At 1 December 2023

3,528

8,944

7,058

19,530

Charge for the year

588

9,687

166

10,441

Eliminated on disposal

-

(8,250)

-

(8,250)

At 30 November 2024

4,116

10,381

7,224

21,721

Carrying amount

At 30 November 2024

1,763

29,059

491

31,313

At 30 November 2023

2,351

24,806

423

27,580

Included within the net book value of land and buildings above is £1,763 (2023 - £2,351) in respect of short leasehold land and buildings.
 

 

Maldm Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Debtors

2024
£

2023
£

Trade debtors

5,915

5,407

Prepayments

1,947

1,928

Other debtors

6,004

853

13,866

8,188

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

5,369

8,141

Accruals and deferred income

1,800

1,725

Other creditors

45,912

27,001

53,081

36,867

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

200

2

200

2

       
 

Maldm Installations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Related party transactions

Loans from related parties

2024

Key management
£

Total
£

At start of period

24,708

24,708

Advanced

43,915

43,915

Repaid

(22,884)

(22,884)

At end of period

45,739

45,739

2023

Key management
£

Total
£

At start of period

16,746

16,746

Advanced

49,385

49,385

Repaid

(41,423)

(41,423)

At end of period

24,708

24,708