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REGISTERED NUMBER: 13027606 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Mulholland Builders Limited

Mulholland Builders Limited (Registered number: 13027606)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mulholland Builders Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M. Mulholland





SECRETARY: Mr. M. Mulholland





REGISTERED OFFICE: 10 Netherby Rise
Darlington
County Durham
DL3 8SE





REGISTERED NUMBER: 13027606 (England and Wales)





ACCOUNTANTS: Mollart & Co
39 Grange Road
Darlington
Co. Durham
DL1 5NB

Mulholland Builders Limited (Registered number: 13027606)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,191 9,712

CURRENT ASSETS
Stocks 12,000 38,735
Debtors 5 4,836 12,444
Cash at bank 96,868 123,158
113,704 174,337
CREDITORS
Amounts falling due within one year 6 53,306 91,026
NET CURRENT ASSETS 60,398 83,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,589

93,023

PROVISIONS FOR LIABILITIES 148 198
NET ASSETS 65,441 92,825

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,341 92,725
65,441 92,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Builders Limited (Registered number: 13027606)

Balance Sheet - continued
30 November 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 2 November 2024 and were signed by:





M. Mulholland - Director


Mulholland Builders Limited (Registered number: 13027606)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Mulholland Builders 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.

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.
Plant and machinery etc - 33% on cost, 25% on cost and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Mulholland Builders Limited (Registered number: 13027606)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 18,869
Additions 262
At 30 November 2023 19,131
DEPRECIATION
At 1 December 2022 9,157
Charge for year 4,783
At 30 November 2023 13,940
NET BOOK VALUE
At 30 November 2023 5,191
At 30 November 2022 9,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,836 12,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,194 20,332
Taxation and social security 8,245 27,848
Other creditors 31,867 42,846
53,306 91,026

7. RELATED PARTY DISCLOSURES

Loan from director. An interest free loan from director which is repayable on demand and with no fixed date for repayment.
At the balance sheet date the amount due to the director was £28,469 (2022 - £36,997).
Dividends were paid to the director in proportion to his share holding.