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REGISTERED NUMBER: 11722411 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

MULHOLLAND BUILDING SERVICES LIMITED

MULHOLLAND BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11722411)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MULHOLLAND BUILDING SERVICES LIMITED

Company Information
for the Year Ended 31st December 2023







DIRECTOR: Mr B P Mulholland





REGISTERED OFFICE: The Old Coach House
Hawksheads
Bolton-le-Sands
Carnforth
LA5 8AD





REGISTERED NUMBER: 11722411 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

MULHOLLAND BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11722411)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,342 6,882
Tangible assets 5 7,413 7,622
11,755 14,504

CURRENT ASSETS
Debtors 6 104,576 72,458
Cash at bank and in hand 109,185 49,453
213,761 121,911
CREDITORS
Amounts falling due within one year 7 119,282 62,183
NET CURRENT ASSETS 94,479 59,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,234

74,232

CREDITORS
Amounts falling due after more than one
year

8

(9,067

)

(15,467

)

PROVISIONS FOR LIABILITIES (1,678 ) (1,448 )
NET ASSETS 95,489 57,317

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,389 57,217
SHAREHOLDERS' FUNDS 95,489 57,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MULHOLLAND BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11722411)

Balance Sheet - continued
31st December 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 director and authorised for issue on 18th September 2024 and were signed by:





Mr B P Mulholland - Director


MULHOLLAND BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11722411)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Mulholland Building Services 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts and of Value Added Tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33.3% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


MULHOLLAND BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11722411)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 4,000 7,699 11,699
AMORTISATION
At 1st January 2023 750 4,067 4,817
Amortisation for year 1,000 1,540 2,540
At 31st December 2023 1,750 5,607 7,357
NET BOOK VALUE
At 31st December 2023 2,250 2,092 4,342
At 31st December 2022 3,250 3,632 6,882

MULHOLLAND BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11722411)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 5,183 12,006 17,189
Additions 1,192 2,139 3,331
At 31st December 2023 6,375 14,145 20,520
DEPRECIATION
At 1st January 2023 1,876 7,691 9,567
Charge for year 725 2,815 3,540
At 31st December 2023 2,601 10,506 13,107
NET BOOK VALUE
At 31st December 2023 3,774 3,639 7,413
At 31st December 2022 3,307 4,315 7,622

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 100,600 69,417
PAYE Debtor 2,746 -
Prepayments 1,230 3,041
104,576 72,458

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 6,397 6,400
Trade creditors 9,984 4,450
Tax 31,656 4,984
Social security and other taxes - 4,538
VAT 42,815 26,575
Other creditors 26,602 13,618
Directors' current accounts 366 100
Accrued expenses 1,462 1,518
119,282 62,183

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 9,067 15,467

MULHOLLAND BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11722411)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,397 6,400

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,400 6,400

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,667 9,067

10. RELATED PARTY DISCLOSURES

As at 31st December 2023 the company owed £366 (2022: £100) to the director. No interest has been charged to the company in respect of this loan and no formal repayment date has been set.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B P Mulholland by virtue of holding 80% of the share capital.