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REGISTERED NUMBER: NI613115 (Northern Ireland)











Mollmac Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2023






Mollmac Ltd (Registered number: NI613115)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Mollmac Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: A McLoughlin





REGISTERED OFFICE: 37 Mullahead Road
Portadown
Co. Armagh
BT62 2LA





REGISTERED NUMBER: NI613115 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Mollmac Ltd

Report of the Accountants to the Director of
Mollmac Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


29 March 2024

Mollmac Ltd (Registered number: NI613115)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,957 18,273
Investment property 5 122,473 122,473
148,430 140,746

CURRENT ASSETS
Stocks 957,569 638,100
Debtors 6 804,053 501,927
Cash at bank 50,173 32,762
1,811,795 1,172,789
CREDITORS
Amounts falling due within one year 7 1,374,605 804,495
NET CURRENT ASSETS 437,190 368,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,620

509,040

CREDITORS
Amounts falling due after more than
one year

8

530,000

163,160
NET ASSETS 55,620 345,880

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,520 345,780
SHAREHOLDERS' FUNDS 55,620 345,880

Mollmac Ltd (Registered number: NI613115)

Balance Sheet - continued
30 June 2023


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 director acknowledges his 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.

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 director and authorised for issue on 29 March 2024 and were signed by:





A McLoughlin - Director


Mollmac Ltd (Registered number: NI613115)

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


1. STATUTORY INFORMATION

Mollmac Ltd is a private company, limited by shares , registered in Northern Ireland. 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.
Plant and machinery - 15% on cost
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Mollmac Ltd (Registered number: NI613115)

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


2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 47,571 12,200 59,771
Additions 13,883 - 13,883
At 30 June 2023 61,454 12,200 73,654
DEPRECIATION
At 1 July 2022 33,296 8,202 41,498
Charge for year 5,399 800 6,199
At 30 June 2023 38,695 9,002 47,697
NET BOOK VALUE
At 30 June 2023 22,759 3,198 25,957
At 30 June 2022 14,275 3,998 18,273

Mollmac Ltd (Registered number: NI613115)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 122,473
NET BOOK VALUE
At 30 June 2023 122,473
At 30 June 2022 122,473

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,773 30,773
Other debtors 773,280 471,154
804,053 501,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 448,172 399,352
Taxation and social security 69,504 44,809
Other creditors 856,929 360,334
1,374,605 804,495

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 530,000 163,160