BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of Chartered Accountants in practice. 17 January 2025 48 48 NI046362 2024-04-30 NI046362 2023-04-30 NI046362 2022-04-30 NI046362 2023-05-01 2024-04-30 NI046362 2022-05-01 2023-04-30 NI046362 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI046362 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI046362 uk-bus:AbridgedAccounts 2023-05-01 2024-04-30 NI046362 uk-core:ShareCapital 2024-04-30 NI046362 uk-core:ShareCapital 2023-04-30 NI046362 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI046362 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI046362 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI046362 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI046362 uk-bus:FRS102 2023-05-01 2024-04-30 NI046362 uk-core:Goodwill 2023-05-01 2024-04-30 NI046362 uk-core:Land 2023-05-01 2024-04-30 NI046362 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI046362 uk-core:Goodwill 2023-04-30 NI046362 uk-core:Goodwill 2024-04-30 NI046362 uk-core:CostValuation 2024-04-30 NI046362 2023-05-01 2024-04-30 NI046362 uk-bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 NI046362 uk-bus:Director2 2023-05-01 2024-04-30 NI046362 uk-bus:Director3 2023-05-01 2024-04-30 NI046362 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI046362
 
 
Muldoon & Co Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 April 2024
Muldoon & Co Limited
Company Registration Number: NI046362
ABRIDGED BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 30,000 60,000
Tangible assets 5 551,096 407,905
Investments 6 10 10
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Fixed Assets 581,106 467,915
───────── ─────────
 
Current Assets
Debtors 1,362,498 1,586,398
Cash and cash equivalents 185,086 50,764
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1,547,584 1,637,162
───────── ─────────
Creditors: amounts falling due within one year (961,310) (936,413)
───────── ─────────
Net Current Assets 586,274 700,749
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Total Assets less Current Liabilities 1,167,380 1,168,664
═════════ ═════════
 
Capital and Reserves
Called up share capital 900 900
Retained earnings 1,166,480 1,167,764
───────── ─────────
Shareholders' Funds 1,167,380 1,168,664
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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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 17 January 2025 and signed on its behalf by
           
           
________________________________     ________________________________
Mr. Sean Muldoon     Mr. Robert Barr
Director     Director
           
           
________________________________          
Mr. Raymond Tiffney          
Director          
           



Muldoon & Co Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Muldoon & Co Limited is a company limited by shares incorporated in Northern Ireland
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 5% Reducing Balance
  Fixtures, fittings and equipment - 15% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
 
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 receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 48, (2023 - 48).
 
  2024 2023
  Number Number
 
Employees 48 48
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 May 2023 300,000 300,000
  ───────── ─────────
 
At 30 April 2024 300,000 300,000
  ───────── ─────────
Amortisation
At 1 May 2023 240,000 240,000
Charge for financial year 30,000 30,000
  ───────── ─────────
At 30 April 2024 270,000 270,000
  ───────── ─────────
Net book value
At 30 April 2024 30,000 30,000
  ═════════ ═════════
At 30 April 2023 60,000 60,000
  ═════════ ═════════
         
5. Tangible assets
  Long Fixtures, Total
  leasehold fittings and  
  property equipment  
  £ £ £
Cost
At 1 May 2023 20,497 792,119 812,616
Additions - 238,350 238,350
  ───────── ───────── ─────────
At 30 April 2024 20,497 1,030,469 1,050,966
  ───────── ───────── ─────────
Depreciation
At 1 May 2023 2,710 402,001 404,711
Charge for the financial year 889 94,270 95,159
  ───────── ───────── ─────────
At 30 April 2024 3,599 496,271 499,870
  ───────── ───────── ─────────
Net book value
At 30 April 2024 16,898 534,198 551,096
  ═════════ ═════════ ═════════
At 30 April 2023 17,787 390,118 407,905
  ═════════ ═════════ ═════════
       
6. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 30 April 2024 10 10
  ───────── ─────────
Net book value
At 30 April 2024 10 10
  ═════════ ═════════
At 30 April 2023 10 10
  ═════════ ═════════