Mallett & Winstanley Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12049050 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

MALLETT & WINSTANLEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs L Winstanley

REGISTERED OFFICE:

14 The Centre

Higher Folds

Leigh

Lancashire

WN7 2XY

REGISTERED NUMBER:

12049050 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

Santander

40 Witton Street

Northwich

Cheshire

CW9 5AG

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

10,650

5,441

10,650

5,441

CURRENT ASSETS

Stocks

22,235

24,359

Debtors

6

2,385

3,432

Cash at bank and in hand

8,089

14,341

32,709

42,132

CREDITORS

Amounts falling due within one year

7

31,829

31,166

NET CURRENT ASSETS

880

10,966

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,530

16,407

CAPITAL AND RESERVES

Called up share capital

8

10

Retained earnings

11,520

16,397

SHAREHOLDERS' FUNDS

11,530

16,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 May 2026 and were signed by:

Mrs L Winstanley - Director

1.	STATUTORY INFORMATION

Mallett & Winstanley Limited 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

Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

12.5% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are initially recorded at cost.

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 and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

9,000

AMORTISATION

At 1 September 2024

and 31 August 2025

9,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

COST

At 1 September 2024

457

3,675

3,041

7,121

14,294

Additions

-

9,991

Disposals

-

(7,121

)

(7,121

)

At 31 August 2025

457

3,675

3,041

9,991

17,164

DEPRECIATION

At 1 September 2024

286

1,590

1,546

5,431

8,853

Charge for year

57

313

224

2,498

3,092

Eliminated on disposal

-

(5,431

)

(5,431

)

At 31 August 2025

343

1,903

1,770

2,498

6,514

NET BOOK VALUE

At 31 August 2025

114

1,772

1,271

7,493

10,650

At 31 August 2024

171

2,085

1,495

1,690

5,441

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Tax

723

1,729

Prepayments and accrued income

1,662

1,703

2,385

3,432

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade creditors

2,388

2,224

Taxation and social security

3,386

2,883

Other creditors

26,055

26,059

31,829

31,166

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

9

Ordinary A shares

1

9

1

Ordinary B Shares

1

10

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L Winstanley.