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REGISTERED NUMBER: 01187578 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

H MULLANEY & SON LIMITED

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H MULLANEY & SON LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: Mr John Keith Mullaney
Mrs Shirley Mullaney
Mr Andrew Mullaney





REGISTERED OFFICE: Brownedge Farm
Broadcarr Lane
Mossley
Ashton-Under-Lyne
Lancashire
OL5 0JL





REGISTERED NUMBER: 01187578 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,090,219 1,901,740
Investments 5 139,324 226,398
2,229,543 2,128,138

CURRENT ASSETS
Stocks 20,989 36,123
Debtors 6 466,807 381,011
Cash at bank and in hand 197,239 383,495
685,035 800,629
CREDITORS
Amounts falling due within one year 7 (279,819 ) (476,216 )
NET CURRENT ASSETS 405,216 324,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,634,759

2,452,551

CREDITORS
Amounts falling due after more than one
year

8

(14,317

)

(24,172

)

PROVISIONS FOR LIABILITIES (353,966 ) (309,500 )
NET ASSETS 2,266,476 2,118,879

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 2,265,476 2,117,879
2,266,476 2,118,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

BALANCE SHEET - continued
31st March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 30th November 2024 and were signed on its behalf by:





Mr John Keith Mullaney - Director


H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

H Mullaney & Son Limited is a private company limited by share capital, incorporated in England and Wales, registration number 01187578. The address of the registered office and principal place of business is Brownedge Farm, Broadcarr Lane, Mossley, Ashton-Under-Lyne, Lancashire, OL5 0JL.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represent amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

Turnover principally consists of income received from the collection and disposal of non-hazardous waste.

Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Freehold property-2% on reducing balance
Plant and Machinery -15% on reducing balance
Motor vehicles-25% on reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the first-in-first-out principle and includes expenditure in acquiring the stocks, product or conversion costs and other costs in bringing them to their existing location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the company in an independent administered fund.

Investments
Investments are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the trade debtors and other debtors are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 23 ) .

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2023 791,021 2,198,519 902,527 3,892,067
Additions - 414,920 107,635 522,555
Disposals - (148,277 ) (90,746 ) (239,023 )
At 31st March 2024 791,021 2,465,162 919,416 4,175,599
DEPRECIATION
At 1st April 2023 208,437 1,148,965 632,925 1,990,327
Charge for year 11,652 189,201 74,333 275,186
Eliminated on disposal - (112,797 ) (67,336 ) (180,133 )
At 31st March 2024 220,089 1,225,369 639,922 2,085,380
NET BOOK VALUE
At 31st March 2024 570,932 1,239,793 279,494 2,090,219
At 31st March 2023 582,584 1,049,554 269,602 1,901,740

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1st April 2023 226,398
Disposals (105,043 )
Revaluations 17,969
At 31st March 2024 139,324
NET BOOK VALUE
At 31st March 2024 139,324
At 31st March 2023 226,398

Cost or valuation at 31st March 2024 is represented by:

Other
investment
£   
Valuation in 2024 17,970
Cost 121,354
139,324

H MULLANEY & SON LIMITED (REGISTERED NUMBER: 01187578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 359,171 353,662
Other debtors 23,661 -
Directors' current accounts 54,785 -
Prepayments and accrued income 29,190 27,349
466,807 381,011

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,444 11,444
Hire purchase contracts 41,305 -
Trade creditors 52,383 276,303
Tax - 14,228
Social security and other taxes 14,443 13,949
VAT 53,649 15,609
Other creditors 12,482 17,209
Directors' current accounts 88,888 122,974
Accrued expenses 5,225 4,500
279,819 476,216

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,444 11,444
Bank loans - 2-5 years 2,873 12,728
14,317 24,172

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Numbers: Class: Nominal 2023 2022
Value: £ £
400 Ordinary "A" £ 1.00 400 400
250 Ordinary "B" £ 1.00 250 250
250 Ordinary "C" £ 1.00 250 250
50 Ordinary "D" £ 1.00 50 50
50 Ordinary "E" £ 1.00 50 50
1,000 1,000

10. RELATED PARTY DISCLOSURES

At the year end the company had amounts owed to D Mullaney totalling £9,288 (2023: £13,278). These balances relate to interest free loans, repayable on demand.