1 April 2023 false No description of principal activity Taxfiler 2024.5 11853522business:PrivateLimitedCompanyLtd2023-04-012024-03-31 118535222023-03-31 118535222023-04-012024-03-31 11853522business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 11853522business:AbridgedAccounts2023-04-012024-03-31 118535222024-03-31 11853522business:Director12023-04-012024-03-31 11853522business:Director22023-04-012024-03-31 11853522business:Director32023-04-012024-03-31 11853522business:RegisteredOffice2023-04-012024-03-31 118535222023-03-31 11853522core:WithinOneYear2024-03-31 11853522core:WithinOneYear2023-03-31 11853522core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11853522core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11853522core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11853522core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11853522core:PreviouslyStatedAmount2024-03-31 11853522core:PreviouslyStatedAmount2023-03-31 11853522business:SmallEntities2023-04-012024-03-31 11853522countries:EnglandWales2023-04-012024-03-31 11853522core:ComputerEquipment2023-04-012024-03-31 11853522business:OrdinaryShareClass12023-04-012024-03-31 11853522business:OrdinaryShareClass12022-04-012023-03-31 118535222022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11853522 (England and Wales)
Mollis Group Ltd Unaudited accounts for the year ended 31 March 2024
Mollis Group Ltd Unaudited accounts Contents
Page
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Mollis Group Ltd Company Information for the year ended 31 March 2024
Directors
Mr Luke James Watson Mrs Charlotte Mary Alexandra Watson Mr Anthony John Macey
Company Number
11853522 (England and Wales)
Registered Office
Tintagel House 92 Albert Embankment London SE1 7TY United Kingdom
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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Mollis Group Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
360 
Tangible assets
19,495 
3,516 
19,495 
3,876 
Current assets
Debtors
249,396 
307,797 
Cash at bank and in hand
35,373 
18,153 
284,769 
325,950 
Creditors: amounts falling due within one year
(231,241)
(263,104)
Net current assets
53,528 
62,846 
Total assets less current liabilities
73,023 
66,722 
Provisions for liabilities
Deferred tax
(3,704)
(670)
Net assets
69,319 
66,052 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
69,169 
65,902 
Shareholders' funds
69,319 
66,052 
For the year ending 31 March 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 23 September 2024 and were signed on its behalf by
Mr Luke James Watson Director Company Registration No. 11853522
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Mollis Group Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Mollis Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11853522. The registered office is Tintagel House, 92 Albert Embankment, London, SE1 7TY, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Mollis Group Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2023
1,800 
At 31 March 2024
1,800 
Amortisation
At 1 April 2023
1,440 
Charge for the year
360 
At 31 March 2024
1,800 
Net book value
At 31 March 2024
- 
At 31 March 2023
360 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
5,912 
Additions
18,134 
At 31 March 2024
24,046 
Depreciation
At 1 April 2023
2,396 
Charge for the year
2,155 
At 31 March 2024
4,551 
Net book value
At 31 March 2024
19,495 
At 31 March 2023
3,516 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150 
150 
7
Loans to directors
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mr and Mrs Watson was £484, a movement of £2,193 from £2,677 owed by the company at the beginning of the period. At the reporting date the amount owed by the company to Mr Macey was £nil, a movement of £6,696 from £6,696 owed by the company at the beginning of the period. Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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