ACCOUNTS - Final Accounts

Registered number: 07837696

Malone Dispense Limited

Financial Statements

Information For Filing With The Registrar

For The Year Ended 31 December 2024


Malone Dispense Limited

Company Information

Directors	James Malone
	Michelle Malone


Company secretary	Michelle Malone


Registered number	07837696


Registered office	126 Southbourne Gardens
	Eastcote
	Middlesex
	HA4 9SH


Accountants	Michael Leigh (CCA) Limited
	Chartered Certified Accountants
	Brook House
	54a Cowley Mill Road
	Uxbridge
	Middlesex
	UB8 2QE


Malone Dispense Limited

Contents

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 8


Malone Dispense Limited Registered number:07837696

Statement of Financial Position

As at 31 December 2024

	2024	2024	2023	2023
Note	£	£	£	£

Fixed assets
Tangible assets	4		72,065		7,303
			72,065		7,303
Current assets
Debtors: amounts falling due within one year	5	33,456		23,326
Cash at bank and in hand	6	102,516		180,735
		135,972		204,061
Creditors: amounts falling due within one year	7	(30,728)		(27,659)
Net current assets			105,244		176,402
Total assets less current liabilities			177,309		183,705

Net assets			177,309		183,705

Page 1


Malone Dispense Limited Registered number:07837696

Statement of Financial Position (continued)

As at 31 December 2024

	2024	2024	2023	2023
Note	£	£	£	£

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		177,209	183,605
		177,309	183,705

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

James Malone

Director

Date: 4 September 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2


Malone Dispense Limited

Notes To The Financial Statements

For The Year Ended 31 December 2024

1.	General information

Malone Dispense Limited is a private company. limited by shares, domiciled in England and Wales,
registration number 07837696. The registered office and business address is 126 Southbourne Gardens Eastcote Middlesex HA4 9SH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3


Malone Dispense Limited

Notes To The Financial Statements

For The Year Ended 31 December 2024

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Motor vehicles	-	straight line over 4 years
				Office equipment	-	straight line between 3 to 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4


Malone Dispense Limited

Notes To The Financial Statements

For The Year Ended 31 December 2024

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5


Malone Dispense Limited

Notes To The Financial Statements

For The Year Ended 31 December 2024

4.	Tangible fixed assets

		Other fixed assets
		£
	Cost or valuation
	At 1 January 2024	28,850
	Additions	83,862
	Disposals	(24,814)
	At 31 December 2024	87,898
	Depreciation
	At 1 January 2024	21,547
	Charge for the year on owned assets	13,048
	Disposals	(18,762)
	At 31 December 2024	15,833
	Net book value
	At 31 December 2024	72,065
	At 31 December 2023	7,303

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

Page 6


Malone Dispense Limited

Notes To The Financial Statements

For The Year Ended 31 December 2024

Debtors

					2024	2023
					£	£


Trade debtors	25,455	13,895
Other debtors	7,481	8,911
Prepayments and accrued income	520	520
	33,456	23,326

6.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	102,516	180,735

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	10,752	1,013
Corporation tax	8,153	19,002
Other taxation and social security	10,708	6,366
Other creditors	40	203
Accruals and deferred income	1,075	1,075
	30,728	27,659

Page 7


Malone Dispense Limited

Notes To The Financial Statements

For The Year Ended 31 December 2024

8.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) ordinary shares of £1.00 each	100	100

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund.
The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,200 (2023 - £7,200). No contributions (2023 - nil) were payable to the fund at the reporting date.

Page 8