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REGISTERED NUMBER: 09073726 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

MOLLOY PLANT HIRE LIMITED

MOLLOY PLANT HIRE LIMITED (REGISTERED NUMBER: 09073726)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOLLOY PLANT HIRE LIMITED

Company Information
for the Year Ended 30 April 2024







Directors: D A Molloy
D J Molloy





Registered office: Chandos House Unit 7 Oak Green Business
Earl Road, Cheadle Hulme
Stockport
Cheshire
SK8 6QL





Registered number: 09073726 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

MOLLOY PLANT HIRE LIMITED (REGISTERED NUMBER: 09073726)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 2,452,481 2,495,768
Investment property 6 277,500 277,500
2,729,981 2,773,268

Current assets
Debtors 7 1,561,055 2,124,283
Cash at bank 3,919,941 3,862,049
5,480,996 5,986,332
Creditors
Amounts falling due within one year 8 1,675,144 1,320,991
Net current assets 3,805,852 4,665,341
Total assets less current liabilities 6,535,833 7,438,609

Creditors
Amounts falling due after more than one year 9 (438,828 ) (667,396 )

Provisions for liabilities (544,551 ) (554,574 )
Net assets 5,552,454 6,216,639

Capital and reserves
Called up share capital 11 100 100
Retained earnings 5,552,354 6,216,539
Shareholders' funds 5,552,454 6,216,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

MOLLOY PLANT HIRE LIMITED (REGISTERED NUMBER: 09073726)

Balance Sheet - continued
30 April 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 by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





D J Molloy - Director


MOLLOY PLANT HIRE LIMITED (REGISTERED NUMBER: 09073726)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. Statutory information

Molloy Plant Hire 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from equipment hired to customers is recognised in the period in which the equipment is provided to

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 - 25% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

MOLLOY PLANT HIRE LIMITED (REGISTERED NUMBER: 09073726)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 May 2023 4,011,974 - 1,617,136 11,260 5,640,370
Additions 865,484 48,544 180,189 - 1,094,217
Disposals (711,050 ) - (306,709 ) - (1,017,759 )
At 30 April 2024 4,166,408 48,544 1,490,616 11,260 5,716,828
Depreciation
At 1 May 2023 2,274,811 - 858,531 11,260 3,144,602
Charge for year 803,115 12,136 296,694 - 1,111,945
Eliminated on disposal (698,625 ) - (293,575 ) - (992,200 )
At 30 April 2024 2,379,301 12,136 861,650 11,260 3,264,347
Net book value
At 30 April 2024 1,787,107 36,408 628,966 - 2,452,481
At 30 April 2023 1,737,163 - 758,605 - 2,495,768

6. Investment property
Total
£   
Fair value
At 1 May 2023
and 30 April 2024 277,500
Net book value
At 30 April 2024 277,500
At 30 April 2023 277,500

MOLLOY PLANT HIRE LIMITED (REGISTERED NUMBER: 09073726)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 723,055 241,156
Amounts owed by group undertakings - 5,380
Other debtors 838,000 1,877,747
1,561,055 2,124,283

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 908,147 896,618
Trade creditors 117,083 678
Amounts owed to group undertakings 494,620 -
Corporation tax 150,294 339,687
VAT - 80,008
Accruals and deferred income 5,000 4,000
1,675,144 1,320,991

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 438,828 667,396

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,346,975 1,564,014

Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100