Registration number: 04468049

Malibu Grains Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Malibu Grains Limited

Company Information

Directors

Mr SJ Knowles Mrs SL Knowles

Company secretary

Mrs SL Knowles

Registered office

The New Barn Mill Lane Eastry Sandwich Kent CT13 0JW

Malibu Grains Limited

(Registration number: 04468049)
Balance Sheet as at 23 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	7,572	10,112
Current assets
Stocks	5	83,283	87,283
Debtors	6	11,172	13,838
Cash at bank and in hand		37,300	47,375
		131,755	148,496
Creditors: Amounts falling due within one year	7	(121,480)	(127,946)
Net current assets		10,275	20,550
Total assets less current liabilities		17,847	30,662
Provisions for liabilities		(1,439)	(1,921)
Net assets		16,408	28,741
Capital and reserves
Called up share capital	8	2	2
Retained earnings		16,406	28,739
Shareholders' funds		16,408	28,741

For the financial year ending 23 December 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.

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

......................................... Mr SJ Knowles Director

Malibu Grains Limited

Notes to the Unaudited Financial Statements for the Year Ended 23 December 2024

1	General information

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

The address of its registered office is:
The New Barn Mill Lane
Eastry
Sandwich
Kent
CT13 0JW
England

These financial statements were authorised for issue by the Board on 23 September 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 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.

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.

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.

Malibu Grains Limited

Notes to the Unaudited Financial Statements for the Year Ended 23 December 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
Plant and machinery	10% straight line
Motor vehicles	25% straight line
Computer equipment	33% straight line

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.

Stocks

Stocks are stated at the lower of cost and net realisable value.

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Malibu Grains Limited

Notes to the Unaudited Financial Statements for the Year Ended 23 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 7).

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 24 December 2023	17,059	1,109	33,550	51,718
Additions	600	-	-	600
At 23 December 2024	17,659	1,109	33,550	52,318
Depreciation
At 24 December 2023	14,872	907	25,827	41,606
Charge for the year	535	30	2,575	3,140
At 23 December 2024	15,407	937	28,402	44,746
Carrying amount
At 23 December 2024	2,252	172	5,148	7,572
At 23 December 2023	2,187	202	7,723	10,112

5

Stocks

	2024 £	2023 £
Other inventories	83,283	87,283

Malibu Grains Limited

Notes to the Unaudited Financial Statements for the Year Ended 23 December 2024

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		2,695	3,156
Amounts owed by related parties		5,983	4,686
Prepayments		1,894	1,365
Other debtors		600	4,631
		11,172	13,838

7

Creditors

	Note	2024 £	2023 £
Due within one year
Trade creditors		68,173	79,307
Other related parties		29,876	30,187
Taxation and social security		9,296	1,646
Other creditors		14,135	16,806
		121,480	127,946

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary £1 shares of £1 each	2	2	2	2

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £13,475 (2023 - £Nil).