Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseManufacture of motor vehicles11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13862193 2023-02-01 2024-01-31 13862193 2022-01-20 2023-01-31 13862193 2024-01-31 13862193 2023-01-31 13862193 c:Director1 2023-02-01 2024-01-31 13862193 d:PlantMachinery 2023-02-01 2024-01-31 13862193 d:PlantMachinery 2024-01-31 13862193 d:PlantMachinery 2023-01-31 13862193 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13862193 d:ComputerEquipment 2023-02-01 2024-01-31 13862193 d:ComputerEquipment 2024-01-31 13862193 d:ComputerEquipment 2023-01-31 13862193 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13862193 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13862193 d:CurrentFinancialInstruments 2024-01-31 13862193 d:CurrentFinancialInstruments 2023-01-31 13862193 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13862193 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13862193 d:ShareCapital 2024-01-31 13862193 d:ShareCapital 2023-01-31 13862193 d:RetainedEarningsAccumulatedLosses 2024-01-31 13862193 d:RetainedEarningsAccumulatedLosses 2023-01-31 13862193 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13862193 c:OrdinaryShareClass1 2024-01-31 13862193 c:OrdinaryShareClass1 2023-01-31 13862193 c:FRS102 2023-02-01 2024-01-31 13862193 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13862193 c:FullAccounts 2023-02-01 2024-01-31 13862193 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13862193 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13862193









MOOLMAN AUTOMOTIVE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
MOOLMAN AUTOMOTIVE LTD
REGISTERED NUMBER: 13862193

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
348,022
-

  
348,022
-

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
119,068
22,416

Cash at bank and in hand
  
12,063
-

  
131,131
22,416

Creditors: amounts falling due within one year
 6 
(1,161,634)
(154,859)

NET CURRENT LIABILITIES
  
 
 
(1,030,503)
 
 
(132,443)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(682,481)
(132,443)

  

NET LIABILITIES
  
(682,481)
(132,443)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(682,482)
(132,444)

  
(682,481)
(132,443)


Page 1

 
MOOLMAN AUTOMOTIVE LTD
REGISTERED NUMBER: 13862193
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S D Moolman
Director

Date: 31 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MOOLMAN AUTOMOTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


GENERAL INFORMATION

The Company is limited by shares and incorporated in England and Wales. The address of the registered office and the principal trading address is 1 Gate House, 1a Kew Bridge Court, London, England, W4 3AZ.
The functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company had net liabilities of £682,481 (2023: £132,443) as at 31 January 2024. The financial statements have been prepared on the going concern basis which assumes that the Company will continue as a going concern for the foreseeable future. The trading losses reported to date are consistent with the Company's business plan as it progresses its research and development activities.

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

RESEARCH AND DEVELOPMENT

Research and development expenditure is recognsed in the Profit and Loss Account in the period which the expenditure occured. 

 
2.5

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
MOOLMAN AUTOMOTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.6
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES



The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
MOOLMAN AUTOMOTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Computer equipment
Total

£
£
£



COST OR VALUATION


Additions
384,309
2,917
387,226



At 31 January 2024

384,309
2,917
387,226



DEPRECIATION


Charge for the year on owned assets
38,900
304
39,204



At 31 January 2024

38,900
304
39,204



NET BOOK VALUE



At 31 January 2024
345,409
2,613
348,022



At 31 January 2023
-
-
-


5.


DEBTORS

2024
2023
£
£


Other debtors
117,236
22,416

Prepayments and accrued income
1,832
-

119,068
22,416



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
412,667
151,878

Other creditors
675,501
311

Accruals and deferred income
73,466
2,670

1,161,634
154,859


Page 5

 
MOOLMAN AUTOMOTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1
1
1


 
Page 6