Company Registration No. 11695840 (England and Wales)
R J Molloy MAP Ltd
Unaudited accounts
for the year ended 30 November 2023
R J Molloy MAP Ltd
Unaudited accounts
Contents
R J Molloy MAP Ltd
Company Information
for the year ended 30 November 2023
Directors
R J Molloy
R A Molloy
Company Number
11695840 (England and Wales)
Registered Office
18 Blowick Moss Lane
Southport
PR8 6UX
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
R J Molloy MAP Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
839
1,201
Creditors: amounts falling due within one year
(2)
(3,872)
Net current assets
837
985
Total assets less current liabilities
887
1,035
Creditors: amounts falling due after more than one year
-
(8,404)
Net assets/(liabilities)
887
(7,369)
Called up share capital
100
100
Profit and loss account
787
(7,469)
Shareholders' funds
887
(7,369)
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by
R J Molloy
Director
Company Registration No. 11695840
R J Molloy MAP Ltd
Notes to the Accounts
for the year ended 30 November 2023
R J Molloy MAP Ltd is a private company, limited by shares, registered in England and Wales, registration number 11695840. The registered office is 18 Blowick Moss Lane, Southport, PR8 6UX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line Basis
The financial statements have been prepared on a going concern basis due to the continued support of the company directors.
R J Molloy MAP Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 December 2022
50
Valuation at 30 November 2023
50
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
2,400
Loans from directors
2
104
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).