Registration number: 05579926

C & S Malpass Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

C & S Malpass Limited

Company Information

Directors

Mr C J Malpass Mrs S R Malpass

Company secretary

Mrs S R Malpass

Registered office

Lower Cowley Farm Wood Eaton Gnosall Stafford ST20 0BE

Bankers

Lloyds TSB Newport Shropshire 95 High Street Newport Shropshire TF10 7AZ

Accountants

Howsons (Stoke) Limited Chartered Accountants Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

C & S Malpass Limited

(Registration number: 05579926)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	374,578	367,170
Current assets
Stocks	6	432,461	325,184
Debtors	7	126,160	103,495
Cash at bank and in hand		453,493	410,646
		1,012,114	839,325
Creditors: Amounts falling due within one year	8	(214,720)	(92,889)
Net current assets		797,394	746,436
Total assets less current liabilities		1,171,972	1,113,606
Provisions for liabilities		(75,000)	(63,000)
Net assets		1,096,972	1,050,606
Capital and reserves
Called up share capital		200	200
Capital redemption reserve		16	16
Retained earnings		1,096,756	1,050,390
Shareholders' funds		1,096,972	1,050,606

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

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.

C & S Malpass Limited

(Registration number: 05579926)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:
 

......................................... Mr C J Malpass Director

......................................... Mrs S R Malpass Director

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.

C & S Malpass Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
Lower Cowley Farm
Wood Eaton
Gnosall
Stafford
ST20 0BE

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

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.

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:

C & S Malpass Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Asset class	Depreciation method and rate
Plant, equipment and tractors	15% reducing balance basis
Computer equipment	3 years straight line

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
Milk quota	straight line to 31 March 2009

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

C & S Malpass Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Milk quota £	Total £
Cost or valuation
At 1 April 2024	144,155	144,155
At 31 March 2025	144,155	144,155
Amortisation
At 1 April 2024	144,155	144,155
At 31 March 2025	144,155	144,155
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Land and buildings £	Plant and machinery £	Office equipment	Total £
Cost or valuation
At 1 April 2024	42,369	523,459	2,198	568,026
Additions	25,255	48,661	-	73,916
At 31 March 2025	67,624	572,120	2,198	641,942
Depreciation
At 1 April 2024	5,846	192,812	2,198	200,856
Charge for the year	13,526	52,982	-	66,508
At 31 March 2025	19,372	245,794	2,198	267,364
Carrying amount
At 31 March 2025	48,252	326,326	-	374,578
At 31 March 2024	36,523	330,647	-	367,170

6

Stocks

	2025 £	2024 £
Other inventories	432,461	325,184

C & S Malpass Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

	2025 £	2024 £
Trade debtors	100,542	95,079
Prepayments	7,031	-
Other debtors	18,587	8,416
	126,160	103,495

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		66,211	49,595
Taxation and social security		5,031	4,719
Other creditors		15,195	32,880
Other borrowings	9	128,283	5,695
		214,720	92,889

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	128,283	5,695