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REGISTERED NUMBER: 07558363 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023

FOR

MOULDCAM LIMITED

MOULDCAM LIMITED (REGISTERED NUMBER: 07558363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOULDCAM LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023







DIRECTORS: Mr J C Marina
Mr S Marina





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 07558363 (England and Wales)






MOULDCAM LIMITED (REGISTERED NUMBER: 07558363)

BALANCE SHEET
31 JULY 2023

31.7.23 30.6.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 798,801 815,336
798,801 815,336

CURRENT ASSETS
Stocks 181,714 252,442
Debtors 6 548,978 426,631
Cash at bank and in hand 27,450 107,082
758,142 786,155
CREDITORS
Amounts falling due within one year 7 2,089,423 2,078,815
NET CURRENT LIABILITIES (1,331,281 ) (1,292,660 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(532,480

)

(477,324

)

CREDITORS
Amounts falling due after more than one
year

8

243,453

1,073,139
NET LIABILITIES (775,933 ) (1,550,463 )

CAPITAL AND RESERVES
Called up share capital 117,435 100
Share premium 1,056,015 -
Retained earnings (1,949,383 ) (1,550,563 )
SHAREHOLDERS' FUNDS (775,933 ) (1,550,463 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

MOULDCAM LIMITED (REGISTERED NUMBER: 07558363)

BALANCE SHEET - continued
31 JULY 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 and authorised for issue by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





Mr J C Marina - Director


MOULDCAM LIMITED (REGISTERED NUMBER: 07558363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023

1. STATUTORY INFORMATION

Mouldcam Limited is a private company, limited by shares , registered in England and Wales. 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.

The company, like many businesses, was adversely affected by the Coronavirus pandemic and although the impact of this has reduced it has been followed by global supply chain issues and significant price increases. This has particularly affected material and energy prices for the company.

The shareholders have continued to provide provide financial support to the company and have converted £1,173K of their loans into equity in the period. The company has made progress in paying down its liabilities since 31 July 2023, including HM Revenue & Customs, and this is expected to continue.

The company has a strong order book and continues to implement efficiencies in the production process, upskill its workforce and update its order quoting model.

The results since 31 July 2023 indicate that the company has returned to trading profitably.

On this basis the directors have prepared these financial statements on the going concern basis.

Turnover
Turnover is recognised at the point a job had reached an agreed stage with the customer. Until each stage is reached the costs in respect of that stage are accounted for as work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on cost

Assets under construction at the balance sheet date are included within the appropriate classification of tangible fixed asset at cost and are not depreciated.

Stocks
Stocks of raw materials and work in progress are valued at the lower of cost and net realisable value. The cost of raw materials is calculated on a first in first out basis. Cost of work in progress includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Net realisable value is the estimated proceeds from the sale of stock less all further costs to completion and less all costs to be incurred in marketing, selling and distributing directly related to the item in question.


MOULDCAM LIMITED (REGISTERED NUMBER: 07558363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 period was 32 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 31 July 2023 300,000
AMORTISATION
At 1 July 2022
and 31 July 2023 300,000
NET BOOK VALUE
At 31 July 2023 -
At 30 June 2022 -

MOULDCAM LIMITED (REGISTERED NUMBER: 07558363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 1,482,750
Additions 45,333
At 31 July 2023 1,528,083
DEPRECIATION
At 1 July 2022 667,414
Charge for period 61,868
At 31 July 2023 729,282
NET BOOK VALUE
At 31 July 2023 798,801
At 30 June 2022 815,336

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022
and 31 July 2023 1,048,552
DEPRECIATION
At 1 July 2022 392,670
Charge for period 28,676
At 31 July 2023 421,346
NET BOOK VALUE
At 31 July 2023 627,206
At 30 June 2022 655,882

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 30.6.22
as restated
£    £   
Trade debtors 165,793 35,631
Other debtors 383,185 391,000
548,978 426,631

MOULDCAM LIMITED (REGISTERED NUMBER: 07558363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 30.6.22
as restated
£    £   
Bank loans and overdrafts 10,056 10,648
Hire purchase contracts and finance leases (see note 9)
-

25,749
Payments on account 349,794 373,862
Trade creditors 747,827 731,016
Taxation and social security 529,010 423,610
Other creditors 452,736 513,930
2,089,423 2,078,815

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 30.6.22
as restated
£    £   
Bank loans 18,947 29,007
Other creditors 224,506 1,044,132
243,453 1,073,139

Bank loans represent a Bounce Back loan.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
31.7.23 30.6.22 31.7.23 30.6.22
as
restated
as
restated
£    £    £    £   
Net obligations repayable:
Within one year - 15,816 - 9,933

Non-cancellable operating leases
31.7.23 30.6.22
as restated
£    £   
Within one year 193,806 448,000
Between one and five years 323,010 68,816
516,816 516,816

The operating lease commitments relate to the rent of the company's premises.

MOULDCAM LIMITED (REGISTERED NUMBER: 07558363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 30.6.22
as restated
£    £   
Hire purchase contracts and finance leases - 25,749
Other creditors 112,502 83,758
112,502 109,507

Hire purchase contracts and finance leases are secured against the asset being financed.

Other creditors are secured by a fixed and floating charge over the company's assets.

11. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date was £423,184 (30.6.22: £1,364,640).

The aggregate amount the company owed by connected entities at the balance sheet date was £71,805 (30.6.22: £58,790).

During the year the company paid management charges to connected entities totalling £35,712 (30.6.22: £55,778).

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mouldcam Holdings Limited.