The Maltby Partnership Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08023454 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

THE MALTBY PARTNERSHIP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr G C Avery

Dr J P Cronly

Mr W M Malik

Mr T R Nawaz

REGISTERED OFFICE:

6 Knowle Green

Dore

South Yorkshire

S17 3AP

REGISTERED NUMBER:

08023454 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Tangible assets

4

5,433

7,245

CURRENT ASSETS

Stocks

39,494

41,562

Debtors

5

165,630

172,655

Cash at bank and in hand

33,578

30,714

238,702

244,931

CREDITORS

Amounts falling due within one year

6

207,190

181,423

NET CURRENT ASSETS

31,512

63,508

TOTAL ASSETS LESS CURRENT LIABILITIES

36,945

70,753

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

36,825

70,633

SHAREHOLDERS' FUNDS

36,945

70,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 3 July 2021 and were signed on its behalf by:

Mr T R Nawaz - Director

1.	STATUTORY INFORMATION

The Maltby Partnership 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

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

33,736

DEPRECIATION

At 1 April 2020

26,491

Charge for year

1,812

At 31 March 2021

28,303

NET BOOK VALUE

At 31 March 2021

5,433

At 31 March 2020

7,245

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

142,520

147,639

Other debtors

23,110

25,016

165,630

172,655

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

139,714

157,683

Taxation and social security

14,388

5,596

Other creditors

53,088

18,144

207,190

181,423

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2020 - £39,976) were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors acting in concert.