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
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
Mooney Demolition Co Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
596,694
699,050
Cash at bank and in hand
(17,772)
238,167
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
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
Mooney Demolition Co Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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.
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
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
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
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
Valuation at 31 March 2024
-
Finished goods
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.
Amounts falling due within one year
Trade debtors
82,391
104,841
Amounts due from group undertakings etc.
1,908,470
78,964
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
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)
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
153,021
245,996
10
Provisions for liabilities
£
Decrease in existing provisions
(19,447)
Provision made for the deferred tax.
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).