General Information
Malamco Trading Company Limited is a private company, limited by shares, registered in England and Wales, registration number 01787248, registration address Oberon House , Ferries Street , Hull , East Yorkshire, HU9 1RL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2022 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Investment properties |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 06 April 2022 |
1,757 |
|
- |
|
1,757 |
| Additions |
380 |
|
- |
|
380 |
| Disposals |
- |
|
- |
|
- |
| Transfers |
- |
|
1,512,000 |
|
1,512,000 |
| At 05 April 2023 |
2,137 |
|
1,512,000 |
|
1,514,137 |
| Depreciation |
| At 06 April 2022 |
1,755 |
|
- |
|
1,755 |
| Charge for year |
- |
|
- |
|
- |
| On disposals |
- |
|
- |
|
- |
| At 05 April 2023 |
1,755 |
|
- |
|
1,755 |
| Net book values |
| Closing balance as at 05 April 2023 |
382 |
|
1,512,000 |
|
1,512,382 |
| Opening balance as at 06 April 2022 |
2 |
|
- |
|
2 |
|
| 4. |
Stocks
|
2023
£ |
|
2022
£ |
| Stocks |
0 |
|
1,001,173 |
|
0 |
|
1,001,173 |
|
| 5. |
Debtors: amounts falling due within one year
|
2023
£ |
|
2022
£ |
| Trade Debtors |
64,173 |
|
11,096 |
| Other Debtors |
0 |
|
108,347 |
|
64,173 |
|
119,443 |
|
| 6. |
Creditors: amount falling due within one year
|
2023
£ |
|
2022
£ |
| Trade Creditors |
33,245 |
|
33,244 |
| Corporation Tax |
307,374 |
|
23,167 |
| Accrued Expenses |
2,040 |
|
2,040 |
|
342,659 |
|
58,451 |
|
2
|
