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REGISTERED NUMBER: 01187578 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

H MULLANEY & SON LIMITED

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H MULLANEY & SON LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTORS: Mr John Keith Mullaney
Mrs Shirley Mullaney
Mr Andrew Mullaney





REGISTERED OFFICE: Brownedge Farm
Broadcarr Lane
Mossley
Ashton-Under-Lyne
Lancashire
OL5 0JL





REGISTERED NUMBER: 01187578 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,901,740 1,954,656
Investments 5 226,398 232,117
2,128,138 2,186,773

CURRENT ASSETS
Stocks 36,123 39,707
Debtors 6 381,011 506,002
Cash at bank and in hand 383,495 111,841
800,629 657,550
CREDITORS
Amounts falling due within one year 7 (500,388 ) (439,948 )
NET CURRENT ASSETS 300,241 217,602
TOTAL ASSETS LESS CURRENT LIABILITIES 2,428,379 2,404,375

PROVISIONS FOR LIABILITIES (309,500 ) (235,830 )
NET ASSETS 2,118,879 2,168,545

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 2,117,879 2,167,545
2,118,879 2,168,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

BALANCE SHEET - continued
31st March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 1st November 2023 and were signed on its behalf by:





Mr John Keith Mullaney - Director


H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

H Mullaney & Son Limited is a private company limited by share capital, incorporated in England and Wales, registration number 01187578. The address of the registered office and principal place of business is Brownedge Farm, Broadcarr Lane, Mossley, Ashton-Under-Lyne, Lancashire, OL5 0JL.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represent amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

Turnover principally consists of income received from the collection and disposal of non-hazardous waste.

Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Freehold property-2% on Straight line balance
Plant and Machinery -15% on reducing balance
Motor vehicles-25% on reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the first-in-first-out principle and includes expenditure in acquiring the stocks, product or conversion costs and other costs in bringing them to their existing location and condition.


H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the company in an independent administered fund.

Investments
Investments are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans from related parties.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2022 744,909 2,087,066 902,527 3,734,502
Additions 46,112 194,188 - 240,300
Disposals - (82,735 ) - (82,735 )
At 31st March 2023 791,021 2,198,519 902,527 3,892,067
DEPRECIATION
At 1st April 2022 196,548 1,040,239 543,059 1,779,846
Charge for year 11,889 185,215 89,866 286,970
Eliminated on disposal - (76,489 ) - (76,489 )
At 31st March 2023 208,437 1,148,965 632,925 1,990,327
NET BOOK VALUE
At 31st March 2023 582,584 1,049,554 269,602 1,901,740
At 31st March 2022 548,361 1,046,827 359,468 1,954,656

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2022 232,117
Revaluations (5,719 )
At 31st March 2023 226,398
NET BOOK VALUE
At 31st March 2023 226,398
At 31st March 2022 232,117

Cost or valuation at 31st March 2023 is represented by:

Other
investments
£   
Valuation in 2023 (5,719 )
Cost 232,117
226,398

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 353,662 478,925
Prepayments and accrued income 27,349 27,077
381,011 506,002

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,616 45,237
Trade creditors 276,303 111,254
Tax 14,228 -
Social security and other taxes 13,949 14,416
VAT 15,609 48,818
Other creditors 17,209 29,762
Directors' current accounts 122,974 184,961
Accrued expenses 4,500 5,500
500,388 439,948

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Numbers: Class: Nominal 2023 2022
Value: £ £
400 Ordinary "A" £ 1.00 400 400
250 Ordinary "B" £ 1.00 250 250
250 Ordinary "C" £ 1.00 250 250
50 Ordinary "D" £ 1.00 50 50
50 Ordinary "E" £ 1.00 50 50
1000 1000