Registered number
08319378
Mollac Services Limited
Unaudited Filleted Accounts
31 December 2023
Mollac Services Limited
Registered number: 08319378
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 45,000 50,000
Tangible assets 4 21,141 588
66,141 50,588
Current assets
Debtors 5 28,258 18,308
Cash at bank and in hand 2,682 1,859
30,940 20,167
Creditors: amounts falling due within one year 6 (21,973) (24,558)
Net current assets/(liabilities) 8,967 (4,391)
Total assets less current liabilities 75,108 46,197
Creditors: amounts falling due after more than one year 7 (24,703) (843)
Net assets 50,405 45,354
Capital and reserves
Called up share capital 1 1
Profit and loss account 50,404 45,353
Shareholder's funds 50,405 45,354
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W S Selby
Director
Approved by the board on 24 September 2024
Mollac Services Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 100,000
At 31 December 2023 100,000
Amortisation
At 1 January 2023 50,000
Provided during the year 5,000
At 31 December 2023 55,000
Net book value
At 31 December 2023 45,000
At 31 December 2022 50,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 2,959 - 2,959
Additions - 27,600 27,600
Disposals - (6,900) (6,900)
At 31 December 2023 2,959 20,700 23,659
Depreciation
At 1 January 2023 2,371 - 2,371
Charge for the year 147 - 147
At 31 December 2023 2,518 - 2,518
Net book value
At 31 December 2023 441 20,700 21,141
At 31 December 2022 588 - 588
5 Debtors 2023 2022
£ £
Other debtors 28,258 18,308
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 7,049 11,885
Other creditors 14,924 12,673
21,973 24,558
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 23,373 -
Trade creditors 517 30
Other creditors 813 813
24,703 843
8 Other information
Mollac Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beaufort House
113 Parson Street
Bristol
BS3 5QH
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