Company Registration No. 07510117 (England and Wales)
Molecular Sense Ltd
Unaudited accounts
for the year ended 31 January 2024
Molecular Sense Ltd
Unaudited accounts
Contents
Molecular Sense Ltd
Company Information
for the year ended 31 January 2024
Directors
Carmen Nicolau
Dan Valeriu Nicolau
Company Number
07510117 (England and Wales)
Registered Office
C/O HOULIHAN & CO ACCOUNTANTS LTD MAGGIE
433 LIVERPOOL ROAD
LIVERPOOL
MERSEYSIDE
L36 8HT
ENGLAND
Accountants
MJ Houlihan & Co Accountants
99-101 Corporation Street
St Helens
WA10 1SX
Molecular Sense Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
9,618
3,298
Creditors: amounts falling due within one year
47,392
52,986
Net current assets
58,510
57,784
Called up share capital
100
100
Profit and loss account
58,410
57,782
Shareholders' funds
58,510
57,882
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2025 and were signed on its behalf by
Carmen Nicolau
Director
Company Registration No. 07510117
Molecular Sense Ltd
Notes to the Accounts
for the year ended 31 January 2024
Molecular Sense Ltd is a private company, limited by shares, registered in England and Wales, registration number 07510117. The registered office is C/O HOULIHAN & CO ACCOUNTANTS LTD MAGGIE, 433 LIVERPOOL ROAD, LIVERPOOL, MERSEYSIDE, L36 8HT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Expenditure on research and development is written off in the year in which it is incurred.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% reducing balance
Molecular Sense Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(936)
(24,530)
Other creditors
(46,832)
(36,832)
Loans from directors
376
8,376
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).