Company registration number: 03751009
Annual report and unaudited financial statements
for the year ended 31 December 2024
for
Malibu Health Products Limited
Pages for filing with the Registrar
Company registration number: 03751009
Malibu Health Products Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 65,095 100,698
65,095 100,698
Current assets
Stocks 4,950,000 5,450,000
Debtors 1,163,771 1,544,878
Cash at bank and in hand 162,470 162,070
6,276,241 7,156,948
Creditors: amounts falling due within one
year 		(5,680,426) (6,676,305)
Net current assets 595,815 480,643
Total assets less current liabilities 660,910 581,341
NET ASSETS 660,910 581,341
Capital and reserves
Called up share capital 2 2
Profit and loss account 660,908 581,339
TOTAL EQUITY 660,910 581,341
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03751009
Malibu Health Products Limited
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr S Spurling, Director
20 May 2026
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Malibu Health Products Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Malibu Health Products Limited is a private company registered in England and Wales. Its registered number is 03751009. The company is limited by shares. Its registered office is Unit C, Ventura Park, Old Parkbury Lane, Radlett, Herts, AL2 2DB. Its principal place of business is Unit 9, 97/101 Peregrine Road, Hainault Business Park, Hainault, Essex, IG6 3XH.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Leasehold - 25% reducing balance
Plant and Machinery:
Fixtures and Fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer Equipment - 33.33% reducing balance
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Malibu Health Products Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
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 taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 11 (2023 - 10).
4 Tangible fixed assets
Land and
buildings 		Plant and
Machinery 		Totals
£ £ £
Cost
At 1 January 2024 69,922 1,139,576 1,209,498
At 31 December 2024 69,922 1,139,576 1,209,498
Depreciation
At 1 January 2024 60,958 1,047,842 1,108,800
Charge for year 2,241 33,362 35,603
At 31 December 2024 63,199 1,081,204 1,144,403
Net book value
At 31 December 2024 6,723 58,372 65,095
At 31 December 2023 8,964 91,734 100,698
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