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REGISTERED NUMBER: SC759671 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 FEBRUARY 2023 TO 30 JUNE 2024

FOR

MOLLMAC CONSTRUCTION LIMITED

MOLLMAC CONSTRUCTION LIMITED (REGISTERED NUMBER: SC759671)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 FEBRUARY 2023 TO 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MOLLMAC CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE PERIOD 21 FEBRUARY 2023 TO 30 JUNE 2024







DIRECTORS: K MacDonald
D Mollon
J Mollon





REGISTERED OFFICE: 16b Houston Mains
Broxburn
West Lothian
EH52 6PA





REGISTERED NUMBER: SC759671 (Scotland)





ACCOUNTANTS: MacDonald Morton Ltd
Chartered Accountants
67 March Road
Edinburgh
EH4 3SU

MOLLMAC CONSTRUCTION LIMITED (REGISTERED NUMBER: SC759671)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 67,249

CURRENT ASSETS
Debtors 5 78,844
Cash at bank and in hand 22,666
101,510
CREDITORS
Amounts falling due within one year 6 148,983
NET CURRENT LIABILITIES (47,473 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,776

PROVISIONS FOR LIABILITIES 9,525
NET ASSETS 10,251

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 10,151
10,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 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:



J Mollon - Director


MOLLMAC CONSTRUCTION LIMITED (REGISTERED NUMBER: SC759671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 FEBRUARY 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

Mollmac Construction Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant, actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. Key accounting judgements include:

The Company undertakes manufacturing contracts which take place over a period of time and revenue and profits are recognised as the contracts progress. The extent to which the contract revenue and profits have been earned involve estimating a percentage of completion under ongoing contracts which is based on costs incurred as a proportion of total estimated costs. Management base this assessment on detailed costings and progress reports and their experience of similar contracts in the past. Adjustments are made to reflect any after date events which have a significant impact on the final outcomes expected to be achieved on contracts.

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.

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds the following basic financial instruments.

Financial assets
Cash and cash equivalents - comprise cash in hand and deposits held with banks.

Trade and other debtors - are initially measured at the undiscounted amounts receivable from a customer, which is normally the invoiced price. Trade and other debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found an impairment loss is recognised.

Financial liabilities
Trade and other creditors - are initially measured at the transaction price, including any transaction costs, and are subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of the future payments, discounted at a market rate of interest.


MOLLMAC CONSTRUCTION LIMITED (REGISTERED NUMBER: SC759671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 FEBRUARY 2023 TO 30 JUNE 2024

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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 7 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 77,726
At 30 June 2024 77,726
DEPRECIATION
Charge for period 10,477
At 30 June 2024 10,477
NET BOOK VALUE
At 30 June 2024 67,249

MOLLMAC CONSTRUCTION LIMITED (REGISTERED NUMBER: SC759671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 FEBRUARY 2023 TO 30 JUNE 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 77,564
Other debtors 1,280
78,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 10,160
Taxation and social security 23,106
Other creditors 115,717
148,983