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REGISTERED NUMBER: 01107064















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Molloys Furnishers Limited

Molloys Furnishers Limited (Registered number: 01107064)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Molloys Furnishers Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A Molloy
S Molloy





SECRETARY:





REGISTERED OFFICE: 6-8 St James Street
Southport
Merseyside
PR8 5AE





REGISTERED NUMBER: 01107064





ACCOUNTANTS: Topping & Company
Chartered Accountants
209 Liverpool Road
Birkdale
Southport
Merseyside
PR8 4PH

Molloys Furnishers Limited (Registered number: 01107064)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,803 215,382

CURRENT ASSETS
Stocks 100,000 130,000
Debtors 5 57,806 99,178
Cash at bank and in hand 61,700 52,869
219,506 282,047
CREDITORS
Amounts falling due within one year 6 159,661 217,287
NET CURRENT ASSETS 59,845 64,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,648

280,142

CREDITORS
Amounts falling due after more than one
year

7

(29,605

)

(39,210

)

PROVISIONS FOR LIABILITIES (1,645 ) (1,645 )
NET ASSETS 241,398 239,287

CAPITAL AND RESERVES
Called up share capital 101 101
Revaluation reserve 8 184,758 184,758
Retained earnings 56,539 54,428
241,398 239,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Molloys Furnishers Limited (Registered number: 01107064)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





S Molloy - Director


Molloys Furnishers Limited (Registered number: 01107064)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Molloys Furnishers Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Molloys Furnishers Limited (Registered number: 01107064)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 211,665 60,812 272,477
DEPRECIATION
At 1 July 2022 13,633 43,462 57,095
Charge for year - 2,579 2,579
At 30 June 2023 13,633 46,041 59,674
NET BOOK VALUE
At 30 June 2023 198,032 14,771 212,803
At 30 June 2022 198,032 17,350 215,382

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 48,726 86,139
Other debtors 9,080 13,039
57,806 99,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 30,908 52,725
Taxation and social security 49,386 70,214
Other creditors 79,367 94,348
159,661 217,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 29,605 39,210

8. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 184,758