Company Registration No. SC563851 (Scotland)
Molax Subs Limited
Unaudited filleted financial statements
for the year ended 31 October 2022
Molax Subs Limited
Statement of Financial Position
as at 31 October 2022
Fixed assets
53,000
69,532
Current assets
28,028
28,853
Prepayments and accrued income
2,204
1,846
Creditors: amounts falling due within one year
(75,779)
(66,222)
Net current liabilities
(45,547)
(35,523)
Total assets less current liabilities
7,453
34,009
Creditors: amounts falling due after more than one year
-
(10,147)
Accruals and deferred income
(12,942)
(14,983)
(Net liabilities)/net assets
(5,489)
8,879
Capital and reserves
(5,489)
8,879
Molax Subs Limited is a private company, limited by shares, registered in Scotland, registration number SC563851. The registered office is 7 Stuart Adamson Crescent, Cowdenbeath, Fife, KY14 8FQ, Scotland.
2 Guarantees and other financial commitments
At 31 October 2022, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £50,667 (2021: £58,000). On 29 March 2023, the company sold its business and assigned its retail lease to the buyer.
The company operated a defined contribution pension scheme that was open to all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date, unpaid contributions of £206 (2021: £127) were due to the fund. They are included in creditors due within one year.
3 Average number of employees
During the year the average number of employees was 10 (2021: 9).
Molax Subs Limited
Statement of Financial Position
as at 31 October 2022 (continued)
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 25 October 2023
David Lax
Director
Company Registration No. SC563851