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REGISTERED NUMBER: 14193090 (England and Wales)















Moltexflex Limited

Unaudited Financial Statements

for the Period 1 April 2023 to 30 November 2023






Moltexflex Limited (Registered number: 14193090)






Contents of the Financial Statements
for the period 1 April 2023 to 30 November 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Moltexflex Limited

Company Information
for the period 1 April 2023 to 30 November 2023







DIRECTORS: D Landon
Dr I R Scott





REGISTERED OFFICE: Unit 13, The Courtyard
Timothys Bridge Road
Stratford Enterprise Park
Stratford-Upon-Avon
CV37 9NP





REGISTERED NUMBER: 14193090 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP

Moltexflex Limited (Registered number: 14193090)

Balance Sheet
30 November 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,529 -

CURRENT ASSETS
Debtors 5 1,038,946 10,000
Cash at bank 106,873 -
1,145,819 10,000
CREDITORS
Amounts falling due within one year 6 2,043,365 -
NET CURRENT (LIABILITIES)/ASSETS (897,546 ) 10,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

(583,017

)

10,000

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Other reserves 7 352,186 -
Retained earnings 7 (945,203 ) -
(583,017 ) 10,000

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

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

Moltexflex Limited (Registered number: 14193090)

Balance Sheet - continued
30 November 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 28 March 2024 and were signed on its behalf by:





D Landon - Director


Moltexflex Limited (Registered number: 14193090)

Notes to the Financial Statements
for the period 1 April 2023 to 30 November 2023

1. STATUTORY INFORMATION

Moltexflex 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.

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.
Improvements to property - 20% on cost
Plant and machinery - 3 - 5 years straight-line
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Moltexflex Limited (Registered number: 14193090)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 November 2023

2. ACCOUNTING POLICIES - continued

Going concern
The director of the company has confirmed that sufficient financial support will be provided to enable this company to continue its operations for a period of not less than 12 months from the date the balance sheet is signed and accordingly the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 25 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
Additions 5,030 296,891 13,864 80,541 396,326
At 30 November 2023 5,030 296,891 13,864 80,541 396,326
DEPRECIATION
Charge for period 323 61,157 3,081 17,236 81,797
At 30 November 2023 323 61,157 3,081 17,236 81,797
NET BOOK VALUE
At 30 November 2023 4,707 235,734 10,783 63,305 314,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Amounts owed by group undertakings 934,301 10,000
Other debtors 104,645 -
1,038,946 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 61,644 -
Amounts owed to group undertakings 1,809,387 -
Taxation and social security 125,234 -
Other creditors 47,100 -
2,043,365 -

Moltexflex Limited (Registered number: 14193090)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 November 2023

7. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

Deficit for the period (945,203 ) (945,203 )
Capital contribution - 352,186 352,186
At 30 November 2023 (945,203 ) 352,186 (593,017 )

8. RELATED PARTY DISCLOSURES

During the year loans have been provided by the parent company. The loan balance outstanding as at the year end is £ 1,451,230. This loan is interest free and repayable on demand.