MALPLAS LTD

Company Registration Number:
NI039250 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

MALPLAS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

MALPLAS LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 302,914 352,290
Total fixed assets: 302,914 352,290
Current assets
Stocks: 199,884 251,154
Debtors:   242,967 192,459
Cash at bank and in hand: 166,589 170,509
Total current assets: 609,440 614,122
Creditors: amounts falling due within one year:   (421,646) (474,012)
Net current assets (liabilities): 187,794 140,110
Total assets less current liabilities: 490,708 492,400
Creditors: amounts falling due after more than one year:   (24,000) (48,000)
Provision for liabilities: (30,000) (30,000)
Total net assets (liabilities): 436,708 414,400
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 435,708 413,400
Shareholders funds: 436,708 414,400

The notes form part of these financial statements

MALPLAS LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 September 2025
and signed on behalf of the board by:

Name: Gerard Mallon
Status: Director

The notes form part of these financial statements

MALPLAS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Plant and machinery: 20 per cent reducing balance Fixtures, fittings and equipment: 25 per cent reducing balance Motor vehicles: 25 per cent reducing balance Improvements: 20 per cent reducing balance The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

MALPLAS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 26 26

MALPLAS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 897,025
Additions 751
At 31 December 2024 897,776
Depreciation
At 01 January 2024 544,735
Charge for year 50,127
At 31 December 2024 594,862
Net book value
At 31 December 2024 302,914
At 31 December 2023 352,290

MALPLAS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Financial commitments

The company has financial commitments at 31st December 2024 of £62,250.