IRIS Accounts Production v24.3.0.553 SC198968 Board of Directors 1.12.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1989682022-11-30SC1989682023-10-31SC1989682022-12-012023-10-31SC1989682021-11-30SC1989682021-12-012022-11-30SC1989682022-11-30SC198968ns15:Scotland2022-12-012023-10-31SC198968ns14:PoundSterling2022-12-012023-10-31SC198968ns10:Director12022-12-012023-10-31SC198968ns10:PrivateLimitedCompanyLtd2022-12-012023-10-31SC198968ns10:SmallEntities2022-12-012023-10-31SC198968ns10:AuditExempt-NoAccountantsReport2022-12-012023-10-31SC198968ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-10-31SC198968ns10:SmallCompaniesRegimeForAccounts2022-12-012023-10-31SC198968ns10:FullAccounts2022-12-012023-10-31SC198968ns10:Director52022-12-012023-10-31SC198968ns10:Director62022-12-012023-10-31SC198968ns10:RegisteredOffice2022-12-012023-10-31SC198968ns5:CurrentFinancialInstruments2023-10-31SC198968ns5:CurrentFinancialInstruments2022-11-30SC198968ns5:Non-currentFinancialInstruments2023-10-31SC198968ns5:Non-currentFinancialInstruments2022-11-30SC198968ns5:ShareCapital2023-10-31SC198968ns5:ShareCapital2022-11-30SC198968ns5:RetainedEarningsAccumulatedLosses2023-10-31SC198968ns5:RetainedEarningsAccumulatedLosses2022-11-30SC198968ns5:LandBuildings2022-12-012023-10-31SC198968ns5:PlantMachinery2022-12-012023-10-31SC198968ns5:LandBuildings2022-11-30SC198968ns5:PlantMachinery2022-11-30SC198968ns5:LandBuildings2023-10-31SC198968ns5:PlantMachinery2023-10-31SC198968ns5:LandBuildings2022-11-30SC198968ns5:PlantMachinery2022-11-30SC198968ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31SC198968ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-30SC198968ns5:Secured2023-10-31SC198968ns5:Secured2022-11-30
REGISTERED NUMBER: SC198968 (Scotland)










Mulholland Plant Services Limited

Unaudited Financial Statements

for the period

1 December 2022 to 31 October 2023






Mulholland Plant Services Limited (Registered number: SC198968)






Contents of the Financial Statements
for the period 1 December 2022 to 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mulholland Plant Services Limited

Company Information
for the period 1 December 2022 to 31 October 2023







DIRECTORS: Miss L L Thomas
Mrs S E Thomas
Mr W L Thomas





REGISTERED OFFICE: Polbeth Industrial Estate
West Calder
West Lothian
EH55 8UU





REGISTERED NUMBER: SC198968 (Scotland)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Mulholland Plant Services Limited (Registered number: SC198968)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,022,634 13,737,223

CURRENT ASSETS
Debtors 5 1,502,436 1,542,889
Cash at bank 96,701 238,830
1,599,137 1,781,719
CREDITORS
Amounts falling due within one year 6 9,128,358 4,867,403
NET CURRENT LIABILITIES (7,529,221 ) (3,085,684 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,493,413

10,651,539

CREDITORS
Amounts falling due after more than one year 7 (269,167 ) (3,813,119 )

PROVISIONS FOR LIABILITIES (1,161,783 ) (1,286,367 )
NET ASSETS 5,062,463 5,552,053

CAPITAL AND RESERVES
Called up share capital 1,000,000 1,000,000
Retained earnings 4,062,463 4,552,053
5,062,463 5,552,053

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 30 October 2024 and were signed on its behalf by:



Miss L L Thomas - Director


Mulholland Plant Services Limited (Registered number: SC198968)

Notes to the Financial Statements
for the period 1 December 2022 to 31 October 2023

1. STATUTORY INFORMATION

Mulholland Plant Services 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.

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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 (2022 - 30 ) .

Mulholland Plant Services Limited (Registered number: SC198968)

Notes to the Financial Statements - continued
for the period 1 December 2022 to 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 823,656 21,259,870 22,083,526
Additions - 3,292,575 3,292,575
Disposals - (2,684,364 ) (2,684,364 )
At 31 October 2023 823,656 21,868,081 22,691,737
DEPRECIATION
At 1 December 2022 225,499 8,120,804 8,346,303
Charge for period 15,312 2,040,681 2,055,993
Eliminated on disposal - (1,782,049 ) (1,782,049 )
Impairments - 48,856 48,856
At 31 October 2023 240,811 8,428,292 8,669,103
NET BOOK VALUE
At 31 October 2023 582,845 13,439,789 14,022,634
At 30 November 2022 598,157 13,139,066 13,737,223

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,466,618 1,530,491
Other debtors 35,818 12,398
1,502,436 1,542,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 170,000 170,000
Hire purchase contracts 6,129,911 2,082,974
Trade creditors 1,972,525 1,834,813
Taxation and social security 29,382 121,915
Other creditors 826,540 657,701
9,128,358 4,867,403

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 269,167 425,000
Hire purchase contracts - 3,388,119
269,167 3,813,119

Mulholland Plant Services Limited (Registered number: SC198968)

Notes to the Financial Statements - continued
for the period 1 December 2022 to 31 October 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 439,167 595,000

The invoice discounting facility is secured by a bond & floating charge over the assets of the company.

Hire purchase creditors are secured on the asset concerned.