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Company Registration No. 07958929 (England and Wales)
Mooney Demolition Co Ltd Unaudited accounts for the year ended 31 March 2024
Mooney Demolition Co Ltd Unaudited accounts Contents
Page
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Mooney Demolition Co Ltd Company Information for the year ended 31 March 2024
Director
Mr. Christopher Mooney
Company Number
07958929 (England and Wales)
Registered Office
Newgate House Gypsy Lane Hockeing Norfolk United Kingdom NR20 3RS United Kingdom
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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Mooney Demolition Co Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
596,694 
699,050 
Investments
- 
821,130 
596,694 
1,520,180 
Current assets
Inventories
5,000 
5,000 
Debtors
1,990,101 
183,805 
Cash at bank and in hand
(17,772)
238,167 
1,977,329 
426,972 
Creditors: amounts falling due within one year
(896,985)
(239,146)
Net current assets
1,080,344 
187,826 
Total assets less current liabilities
1,677,038 
1,708,006 
Creditors: amounts falling due after more than one year
(238,109)
(347,171)
Provisions for liabilities
Other provisions
(113,372)
(132,819)
Net assets
1,325,557 
1,228,016 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
1,325,357 
1,227,816 
Shareholders' funds
1,325,557 
1,228,016 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 14 January 2025 and were signed on its behalf by
Mr. Christopher Mooney Director Company Registration No. 07958929
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Mooney Demolition Co Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Mooney Demolition Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 07958929. The registered office is Newgate House, Gypsy Lane, Hockeing, Norfolk, United Kingdom, NR20 3RS, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from the sale of materials and from demolition and hire services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Land & buildings
Fair Value
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
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Mooney Demolition Co Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
50,000 
1,113,627 
151,198 
10,968 
- 
1,325,793 
Additions
- 
1,790 
- 
392 
1,765 
3,947 
At 31 March 2024
50,000 
1,115,417 
151,198 
11,360 
1,765 
1,329,740 
Depreciation
At 1 April 2023
- 
550,287 
73,675 
2,781 
- 
626,743 
Charge for the year
- 
85,495 
19,381 
1,277 
150 
106,303 
At 31 March 2024
- 
635,782 
93,056 
4,058 
150 
733,046 
Net book value
At 31 March 2024
50,000 
479,635 
58,142 
7,302 
1,615 
596,694 
At 31 March 2023
50,000 
563,340 
77,523 
8,187 
- 
699,050 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
821,130 
Disposals
(821,130)
Valuation at 31 March 2024
- 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
5,000 
5,000 
5,000 
5,000 
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
82,391 
104,841 
Amounts due from group undertakings etc.
1,908,470 
78,964 
Other debtors
(760)
- 
1,990,101 
183,805 
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Mooney Demolition Co Ltd Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,905 
22,966 
VAT
33,215 
40,153 
Obligations under finance leases and hire purchase contracts
99,648 
113,761 
Trade creditors
32,596 
58,348 
Taxes and social security
96,544 
15,671 
Other creditors
29,326 
8,971 
Loans from directors
577,468 
(24,007)
Accruals
3,283 
3,283 
896,985 
239,146 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
85,088 
101,175 
Obligations under finance leases and hire purchase contracts
153,021 
245,996 
238,109 
347,171 
10
Provisions for liabilities
£ 
At 1 April 2023
132,819 
Decrease in existing provisions
(19,447)
At 31 March 2024
113,372 
Provision made for the deferred tax.
11
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
12
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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