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REGISTERED NUMBER: 10581905 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MUELLER DONNELLY FINANCE LIMITED

MUELLER DONNELLY FINANCE LIMITED (REGISTERED NUMBER: 10581905)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MUELLER DONNELLY FINANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr G B Hanss
Mrs E Hanss
Mr J D Radcliffe
Mr B J Cullen
Mrs R A Parker





REGISTERED OFFICE: Unit 16 Hawksley Industrial Estate
Hawksley Street
Oldham
Greater Manchester
OL8 4PQ





REGISTERED NUMBER: 10581905 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

MUELLER DONNELLY FINANCE LIMITED (REGISTERED NUMBER: 10581905)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,364,748 1,169,307

CURRENT ASSETS
Debtors 5 245,849 187,020
Cash at bank 30,942 23,021
276,791 210,041
CREDITORS
Amounts falling due within one year 6 701,469 674,927
NET CURRENT LIABILITIES (424,678 ) (464,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

940,070

704,421

CREDITORS
Amounts falling due after more than one year 7 645,313 549,871
NET ASSETS 294,757 154,550

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 294,756 154,549
294,757 154,550

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

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

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 2 August 2024 and were signed on its behalf by:





Mr G B Hanss - Director


MUELLER DONNELLY FINANCE LIMITED (REGISTERED NUMBER: 10581905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Mueller Donnelly Finance Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10581905 and its registered office address is at Unit 16 Hawksley Industrial Estate, Hawksley Street, Oldham, OL8 4PQ.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost

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.

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.

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 2 (2022 - 1 ) .

MUELLER DONNELLY FINANCE LIMITED (REGISTERED NUMBER: 10581905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Rental
equipment
£   
COST
At 1 December 2022 2,524,860
Additions 731,552
Disposals (546,946 )
At 30 November 2023 2,709,466
DEPRECIATION
At 1 December 2022 1,355,553
Charge for year 419,228
Eliminated on disposal (430,063 )
At 30 November 2023 1,344,718
NET BOOK VALUE
At 30 November 2023 1,364,748
At 30 November 2022 1,169,307

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Rental
equipment
£   
COST
At 1 December 2022 1,842,541
Additions 570,405
Disposals (184,530 )
Transfer to ownership (190,640 )
At 30 November 2023 2,037,776
DEPRECIATION
At 1 December 2022 855,340
Charge for year 323,042
Eliminated on disposal (81,876 )
Transfer to ownership (130,880 )
At 30 November 2023 965,626
NET BOOK VALUE
At 30 November 2023 1,072,150
At 30 November 2022 987,201

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 134,388 103,532
Other debtors 111,461 83,488
245,849 187,020

MUELLER DONNELLY FINANCE LIMITED (REGISTERED NUMBER: 10581905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 11,040
Hire purchase contracts 446,508 414,934
Trade creditors 38,553 20,560
Taxation and social security 42,869 64,950
Other creditors 163,539 163,443
701,469 674,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,833 24,793
Hire purchase contracts 629,480 525,078
645,313 549,871

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 1,075,988 940,012

9. ULTIMATE CONTROLLING PARTY

The controlling party is Lift Safe Ltd.