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Company registration number: 11754656

R & A Molyneux Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2023

 

R & A Molyneux Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

R & A Molyneux Limited

Company Information

Directors

Mrs A K Molyneux

Mr R Molyneux

Registered office

Whitehouse Farm
Morris Lane
Halsall
Ormskirk
Lancashire
L39 8SX

Accountants

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
R & A Molyneux Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R & A Molyneux Limited for the year ended 31 March 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of R & A Molyneux Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of R & A Molyneux Limited and state those matters that we have agreed to state to the Board of Directors of R & A Molyneux Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R & A Molyneux Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that R & A Molyneux Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of R & A Molyneux Limited. You consider that R & A Molyneux Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of R & A Molyneux Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

1 February 2024

 

R & A Molyneux Limited

(Registration number: 11754656)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

445,453

272,195

Current assets

 

Stocks

5,631

1,129

Debtors

5

223,459

200,604

Cash at bank and in hand

 

109,977

82,825

 

339,067

284,558

Creditors: Amounts falling due within one year

6

(89,629)

(106,848)

Net current assets

 

249,438

177,710

Total assets less current liabilities

 

694,891

449,905

Creditors: Amounts falling due after more than one year

6

(73,333)

(16,000)

Provisions for liabilities

(84,636)

(51,717)

Net assets

 

536,922

382,188

Capital and reserves

 

Called up share capital

102

102

Retained earnings

536,820

382,086

Shareholders' funds

 

536,922

382,188

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 January 2024 and signed on its behalf by:
 

 

R & A Molyneux Limited

(Registration number: 11754656)
Balance Sheet as at 31 March 2023

.........................................
Mr R Molyneux
Director

 

R & A Molyneux Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Whitehouse Farm
Morris Lane
Halsall
Ormskirk
Lancashire
L39 8SX

These financial statements were authorised for issue by the Board on 24 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatement of certain items for taxation and accounting purposes. The deferred tax has not been discounted.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

 

R & A Molyneux Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Reducing balance

Office equipment

33% Straight line

Motor vehicles

25% Reducing balance

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).

 

R & A Molyneux Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

360,858

4,504

26,963

392,325

Additions

237,100

-

30,592

267,692

Disposals

-

-

(26,963)

(26,963)

At 31 March 2023

597,958

4,504

30,592

633,054

Depreciation

At 1 April 2022

101,523

3,017

15,589

120,129

Charge for the year

74,467

946

7,648

83,061

Eliminated on disposal

-

-

(15,589)

(15,589)

At 31 March 2023

175,990

3,963

7,648

187,601

Carrying amount

At 31 March 2023

421,968

541

22,944

445,453

At 31 March 2022

259,334

1,487

11,374

272,195

5

Debtors

2023
£

2022
£

Trade debtors

49,151

30,016

Other debtors

174,308

170,588

223,459

200,604

 

R & A Molyneux Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

11,269

58,484

Corporation tax

8,383

23,241

Other creditors

69,977

25,123

89,629

106,848

 

R & A Molyneux Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other non-current financial liabilities

73,333

16,000

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £90,000 (2022 - £150,000). These commitments relate to the minimum lease payments under non-cancellable operating leases.

8

Related party transactions

Transactions with directors

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mrs A K Molyneux

Directors loan

20,894

11,529

(20,894)

11,529

-

-

-

-

 

20,894

11,529

(20,894)

11,529

       

Mr R Molyneux

Directors loan

20,895

11,530

(20,895)

11,530

-

-

-

-

 

20,895

11,530

(20,895)

11,530

       

 

The above loans are unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis. The loans were repaid shortly after the year end.

 

R & A Molyneux Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2022

At 1 April 2021
£

Advances to director
£

At 31 March 2022
£

Mrs A K Molyneux

Directors loan

-

20,894

20,894

-

-

-

 

-

20,894

20,894

     

Mr R Molyneux

Directors loan

-

20,895

20,895

-

-

-

 

-

20,895

20,895