Mallett Design Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08969707 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Mallett Design Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S A J Dickson

F W Taylor

REGISTERED OFFICE:

EQ Accountants, Unit 6

Agricultural Hall

Skirsgill

Penrith

CA11 0FF

REGISTERED NUMBER:

08969707 (England and Wales)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

4

5,310

5,445

CURRENT ASSETS

Inventories

5

36,565

76,554

Debtors

6

205,788

256,416

Cash in hand

1,846

244,199

334,816

CREDITORS

Amounts falling due within one year

7

248,669

325,119

NET CURRENT (LIABILITIES)/ASSETS

(4,470

)

9,697

TOTAL ASSETS LESS CURRENT
LIABILITIES

840

15,142

CREDITORS

Amounts falling due after more than one
year

8

-

13,905

NET ASSETS

840

1,237

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

740

1,137

SHAREHOLDERS' FUNDS

840

1,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 12 December 2025 and were signed on its behalf by:

S A J Dickson - Director

1.	STATUTORY INFORMATION

Mallett Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Revenue 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 May 2024

1,130

11,570

4,331

17,031

Additions

-

1,387

At 30 April 2025

1,130

11,570

5,718

18,418

DEPRECIATION

At 1 May 2024

533

8,516

2,537

11,586

Charge for year

149

764

609

1,522

At 30 April 2025

682

9,280

3,146

13,108

NET BOOK VALUE

At 30 April 2025

448

2,290

2,572

5,310

At 30 April 2024

597

3,054

1,794

5,445

5.	INVENTORIES

30.4.25

30.4.24

£

Work-in-progress

36,565

76,554

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade debtors

107,318

88,882

Loan - Mallett Holding Ltd

90,000

50,000

Directors' current accounts

-

73,553

Corporation tax debtor

-

25,499

VAT

-

10,097

Prepayments

8,470

8,385

205,788

256,416

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts

31,212

27,384

Trade creditors

54,652

121,056

Tax

-

25,499

Social security and other taxes

12,484

8,912

VAT

58,139

-

Other creditors

4,332

7,978

Directors' current accounts

3,388

-

Deferred income

79,701

129,703

Accrued expenses

4,761

4,587

248,669

325,119

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.25

30.4.24

£

Bank loans >1 year

-

13,905

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

S A J Dickson

Balance outstanding at start of year

12,515

35,951

Amounts advanced

-

36,564

Amounts repaid

(12,515

)

(60,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

12,515

F W Taylor

Balance outstanding at start of year

61,038

29,581

Amounts advanced

19,434

31,457

Amounts repaid

(84,360

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3,888

)

61,038