REGISTERED NUMBER: 13791315 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MALLETTS (MARCH) LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

4,126

3,834

CURRENT ASSETS

Stocks

44,848

51,880

Debtors

5

909

1,976

Cash at bank and in hand

45,085

60,318

90,842

114,174

CREDITORS

Amounts falling due within one year

6

20,300

39,730

NET CURRENT ASSETS

70,542

74,444

TOTAL ASSETS LESS CURRENT LIABILITIES

74,668

78,278

PROVISIONS FOR LIABILITIES

784

728

NET ASSETS

73,884

77,550

CAPITAL AND RESERVES

Called up share capital

7

4

4

Retained earnings

73,880

77,546

SHAREHOLDERS' FUNDS

73,884

77,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 4 September 2025 and were signed on its behalf by:

Mr G Richmond - Director

Ms L Betts - Director

1.	STATUTORY INFORMATION

Malletts (March) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13791315

Registered office:

32 Broad Street

March

Cambridgeshire

PE15 8TG

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.

Fixtures, fittings & equipment

-

15% on reducing balance

Office & computer equipment

-

20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Office &

fittings

computer

& equipment

equipment

Totals

£

£

£

COST

At 1 January 2024

4,698

458

5,156

Additions

250

832

1,082

At 31 December 2024

4,948

1,290

6,238

DEPRECIATION

At 1 January 2024

1,145

177

1,322

Charge for year

553

237

790

At 31 December 2024

1,698

414

2,112

NET BOOK VALUE

At 31 December 2024

3,250

876

4,126

At 31 December 2023

3,553

281

3,834

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

1,707

Other debtors

909

269

909

1,976

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,882

17,918

Taxation and social security

14,257

19,792

Other creditors

2,161

2,020

20,300

39,730

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

4

Ordinary

£1

4

4

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2023 - £6,000) were paid to the directors .

The company rents premises from the directors and paid a market rate rent of £12,900 in the year (2023 - £12,000).

Included in other creditors are the directors' current accounts with the company amounting to £442 (2023 - £416).