Silverfin false false 30/06/2024 01/08/2023 30/06/2024 J C Marina 09/03/2011 S Marina 23/10/2018 25 April 2025 The principal activity of the company during the financial period was that of custom fibreglass, carbon fibre and composite moulds for automotive, marine, architectural and renewable energy applications. 07558363 2024-06-30 07558363 bus:Director1 2024-06-30 07558363 bus:Director2 2024-06-30 07558363 2023-07-31 07558363 core:CurrentFinancialInstruments 2024-06-30 07558363 core:CurrentFinancialInstruments 2023-07-31 07558363 core:Non-currentFinancialInstruments 2024-06-30 07558363 core:Non-currentFinancialInstruments 2023-07-31 07558363 core:ShareCapital 2024-06-30 07558363 core:ShareCapital 2023-07-31 07558363 core:SharePremium 2024-06-30 07558363 core:SharePremium 2023-07-31 07558363 core:RetainedEarningsAccumulatedLosses 2024-06-30 07558363 core:RetainedEarningsAccumulatedLosses 2023-07-31 07558363 core:Goodwill 2023-07-31 07558363 core:Goodwill 2024-06-30 07558363 core:LandBuildings 2023-07-31 07558363 core:OtherPropertyPlantEquipment 2023-07-31 07558363 core:LandBuildings 2024-06-30 07558363 core:OtherPropertyPlantEquipment 2024-06-30 07558363 core:CurrentFinancialInstruments core:Secured 2024-06-30 07558363 2023-08-01 2024-06-30 07558363 bus:FilletedAccounts 2023-08-01 2024-06-30 07558363 bus:SmallEntities 2023-08-01 2024-06-30 07558363 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-06-30 07558363 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-06-30 07558363 bus:Director1 2023-08-01 2024-06-30 07558363 bus:Director2 2023-08-01 2024-06-30 07558363 core:Goodwill core:TopRangeValue 2023-08-01 2024-06-30 07558363 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-08-01 2024-06-30 07558363 core:OtherPropertyPlantEquipment 2023-08-01 2024-06-30 07558363 2022-08-01 2023-07-31 07558363 core:LandBuildings 2023-08-01 2024-06-30 07558363 core:Non-currentFinancialInstruments 2023-08-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 07558363 (England and Wales)

MOULDCAM LTD

Unaudited Financial Statements
For the financial period from 01 August 2023 to 30 June 2024
Pages for filing with the registrar

MOULDCAM LTD

Unaudited Financial Statements

For the financial period from 01 August 2023 to 30 June 2024

Contents

MOULDCAM LTD

BALANCE SHEET

As at 30 June 2024
MOULDCAM LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024 31.07.2023
£ £
Restated - note 2
Fixed assets
Tangible assets 5 1,060,683 1,083,141
1,060,683 1,083,141
Current assets
Stocks 6 198,025 181,714
Debtors 7 337,382 548,978
Cash at bank and in hand 38,466 27,450
573,873 758,142
Creditors: amounts falling due within one year 8 ( 1,442,813) ( 2,089,423)
Net current liabilities (868,940) (1,331,281)
Total assets less current liabilities 191,743 (248,140)
Creditors: amounts falling due after more than one year 9 ( 335,080) ( 243,453)
Net liabilities ( 143,337) ( 491,593)
Capital and reserves
Called-up share capital 117,435 117,435
Share premium account 1,056,015 1,056,015
Profit and loss account ( 1,316,787 ) ( 1,665,043 )
Total shareholder's deficit ( 143,337) ( 491,593)

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of MouldCAM Ltd (registered number: 07558363) were approved and authorised for issue by the Board of Directors on 25 April 2025. They were signed on its behalf by:

J C Marina
Director
MOULDCAM LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2023 to 30 June 2024
MOULDCAM LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2023 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MouldCAM Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting period length has been reduced to an 11 month period ending 30 June 2024.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is recognised at the point a job had reached an agreed stage with the customer. Until each stage is reached the costs in respect of that stage are accounted for as work in progress.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings depreciated over the life of the lease
Plant and machinery etc. 3 years straight line
25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Prior period adjustment

An error was made in prior years using an inappropriate depreciation rate on plant and machinery. A prior year adjustment has been made as detailed below in order to rectify this.

As previously reported Adjustment As restated
Period ended 31 July 2023 £ £ £
Plant & machinery net book value 798,801 284,340 1,083,141

3. Employees

Period from
01.08.2023 to
30.06.2024
Year ended
31.07.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 24 32

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 August 2023 300,000 300,000
At 30 June 2024 300,000 300,000
Accumulated amortisation
At 01 August 2023 300,000 300,000
At 30 June 2024 300,000 300,000
Net book value
At 30 June 2024 0 0
At 31 July 2023 0 0

5. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 August 2023 93,399 1,434,684 1,528,083
Additions 0 3,830 3,830
At 30 June 2024 93,399 1,438,514 1,531,913
Accumulated depreciation
At 01 August 2023 81,070 363,872 444,942
Charge for the financial period 9,295 16,993 26,288
At 30 June 2024 90,365 380,865 471,230
Net book value
At 30 June 2024 3,034 1,057,649 1,060,683
At 31 July 2023 12,329 1,070,812 1,083,141
Leased assets included above:
Net book value
At 30 June 2024 0 908,900 908,900
At 31 July 2023 0 627,206 627,206

6. Stocks

30.06.2024 31.07.2023
£ £
Stocks 94,122 93,544
Work in progress 103,903 88,170
198,025 181,714

7. Debtors

30.06.2024 31.07.2023
£ £
Trade debtors 10,311 165,793
Amounts owed by Group undertakings 76,155 81,335
Corporation tax 80,000 188,078
Other debtors 170,916 113,772
337,382 548,978

8. Creditors: amounts falling due within one year

30.06.2024 31.07.2023
£ £
Bank loans (secured) 29,785 10,056
Trade creditors 721,652 747,827
Other taxation and social security 87,615 529,010
Obligations under finance leases and hire purchase contracts (secured) 52,847 0
Other creditors 550,914 802,530
1,442,813 2,089,423

9. Creditors: amounts falling due after more than one year

30.06.2024 31.07.2023
£ £
Bank loans 9,613 18,947
Obligations under finance leases and hire purchase contracts 58,214 122,040
Other creditors 267,253 102,466
335,080 243,453

There is a fixed charge on all of the property of the company.

10. Financial commitments

Commitments

30.06.2024 31.07.2023
£ £
Total future minimum lease payments under non-cancellable operating lease 339,161 516,816

11. Ultimate controlling party

Parent Company:

Mouldcam Holdings Ltd