2023-01-01 04612951 2023-12-31 04612951 2023-01-01 2023-12-31 04612951 2022-12-31 04612951 2022-01-01 2022-12-31 04612951 uk-core:WithinOneYear 2022-12-31 04612951 uk-core:WithinOneYear 2023-12-31 04612951 uk-core:AfterOneYear 2022-12-31 04612951 uk-core:AfterOneYear 2023-12-31 04612951 uk-core:ShareCapital 2023-12-31 04612951 uk-core:ShareCapital 2022-12-31 04612951 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 04612951 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 04612951 uk-bus:Director1 2023-01-01 2023-12-31 04612951 uk-core:PlantMachinery 2023-01-01 2023-12-31 04612951 uk-core:ComputerEquipment 2023-01-01 2023-12-31 04612951 uk-core:FurnitureFittings 2023-01-01 2023-12-31 04612951 uk-core:ComputerEquipment 2022-12-31 04612951 uk-core:FurnitureFittings 2022-12-31 04612951 uk-core:PlantMachinery 2022-12-31 04612951 uk-core:PlantMachinery 2023-12-31 04612951 uk-core:FurnitureFittings 2023-12-31 04612951 uk-core:ComputerEquipment 2023-12-31 04612951 uk-core:WithinOneYear 2023-12-31 04612951 uk-core:WithinOneYear 2022-12-31 04612951 uk-core:WithinOneYear 2023-01-01 2023-12-31 04612951 uk-core:AfterOneYear uk-core:Secured 2023-12-31 04612951 uk-core:AfterOneYear uk-core:Secured 2022-12-31 iso4217:GBP xbrli:pure 04612951 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04612951 uk-bus:FRS102 2023-01-01 2023-12-31 04612951 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 04612951 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Mollycoddle Limited
Registered Number:04612951
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Mollycoddle Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04612951
As at 31 December 2023
Mollycoddle Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,558
1,936
2
1,558
1,936
Current assets
Inventories
10,608
11,194
3
Trade and other receivables
34,428
37,745
4
70
Cash and cash equivalents
70
49,009
45,106
Trade and other payables: amounts falling due within one
year
(13,935)
(20,279)
5
31,171
28,730
Net current assets
Total assets less current liabilities
30,288
33,107
Trade and other payables: amounts falling due after more
than one year
(33,092)
(29,205)
6
1,083
Net assets
15
Capital and reserves
Called up share capital
2
2
Retained earnings
1,081
13
1,083
15
Shareholders' funds
For the year ended 31 December 2023 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Rebecca Jane Grady Director
These financial statements were approved and authorised for issue by the Board on 04 May 2024 and were signed by:
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4
Registered Number :
04612951
For the year ended 31 December 2023
Mollycoddle Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2023
Mollycoddle Limited
Notes to the Financial Statements
Statutory Information
Mollycoddle Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04612951.
Principal place of business:
2 Elm Cottages
Worthing Road
Southwater
W Sussex
RH13 9DT
Registered address:
Hornbeam Cottage
Bower Lane
West Chiltington
West Sussex
RH20 2RH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'', including the disclosure and
presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been
prepared under the historical cost convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
20% Straight line
33.33% Straight line
Computer Equipment
20% Straight line
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to income or expenditure on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the income and expenditure account in the period in which they are payable.
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6
For the year ended 31 December 2023
Mollycoddle Limited
Notes to the Financial Statements Continued
Going Concern
The director is satisfied that the company is in a position to meet its liabilities, as they fall due, for the foreseeable
future. The financial statements are prepared on a going concern basis based upon the continued support of the
company's lenders.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 January 2023
27,070
363
996
25,711
338
-
338
-
Additions
At 31 December 2023
25,711
1,334
363
27,408
Provision for depreciation and impairment
At 01 January 2023
25,134
272
66
24,796
Charge for year
716
91
239
386
At 31 December 2023
25,850
363
305
25,182
At 31 December 2023
Net book value
529
1,029
-
1,558
At 31 December 2022
915
930
91
1,936
3. Inventories
2022
2023
£
£
Stocks
11,194
10,608
4. Trade and other receivables
2022
2023
£
£
Other debtors
37,745
34,428
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7
For the year ended 31 December 2023
Mollycoddle Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
5,592
5,003
Taxation and social security
12,787
7,032
Other creditors
1,900
1,900
20,279
13,935
The company received a Bounceback loan of £39,932 granted in 2020 under the COVID19 business support measures and, received a Business Interruption payment from the government of £991 to cover the interest charge for the first year. The loan is repayable over 10 years and the monthly repayments commenced on 3 September 2021. £12,398 (2022 - £16,797) is repayable after 5 years.
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
29,205
33,092
7. Directors advances and guarantees
The company made interest free advances to the director during the year of £3,335 (2022 - £1,823). At 31
December 2023 the amount owed by the director was £36,745 (2022 - £33,410). These amounts are included in
other debtors and are repayable on demand.
8. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3).
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