Maltstore Communications Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08922061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

MALTSTORE COMMUNICATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A Garrington

P Brighty

REGISTERED OFFICE:

62 South Street

Manningtree

Essex

CO11 1BQ

REGISTERED NUMBER:

08922061 (England and Wales)

ACCOUNTANTS:

Richard Sexton & Co LLP

3 Manor Road

Colchester

Essex

CO3 3LU

FIXED ASSETS

Tangible assets

4

5,729

3,232

CURRENT ASSETS

Debtors

5

38,720

657

Cash at bank

9,122

6,489

47,842

7,146

CREDITORS

Amounts falling due within one year

6

43,356

7,431

NET CURRENT ASSETS/(LIABILITIES)

4,486

(285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,215

2,947

PROVISIONS FOR LIABILITIES

1,090

615

NET ASSETS

9,125

2,332

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,025

2,232

SHAREHOLDERS' FUNDS

9,125

2,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 10 May 2022 and were signed on its behalf by:

C A Garrington - Director

1.	STATUTORY INFORMATION

Maltstore Communications 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within these accounts.

Turnover

Turnover 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.

Fixtures and fittings

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Government grants

Government Grants in relation to expenditure are credited in the same period that the expenditure is charged.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2021

10,658

Additions

4,407

At 31 March 2022

15,065

DEPRECIATION

At 1 April 2021

7,426

Charge for year

1,910

At 31 March 2022

9,336

NET BOOK VALUE

At 31 March 2022

5,729

At 31 March 2021

3,232

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors and work in

progress

38,500

405

Prepayments and accrued income

220

252

38,720

657

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

2,960

-

Corporation Tax

3,400

250

Social security and other taxes

-

1,145

Directors' loan account

4,010

4,000

Accruals and deferred income

32,986

2,036

43,356

7,431

7.	RELATED PARTY DISCLOSURES

During the year the company paid dividends of £11,000 to the directors of the company.

8.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of its directors.