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REGISTERED NUMBER: NI673062 (Northern Ireland)















Financial Statements for the Year Ended 31 October 2024

for

Mullen Domestic Ltd

Mullen Domestic Ltd (Registered number: NI673062)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mullen Domestic Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J Mullen
Mrs J Mullen
S Mullen
Miss S Mullen
B Mullen





REGISTERED OFFICE: Lackaghboy Industrial Estate
Tempo Road
Enniskillen
Co. Fermanagh
BT74 4RL





REGISTERED NUMBER: NI673062 (Northern Ireland)





ACCOUNTANTS: Dundas Gallagher
Chartered Accountants and Statutory Auditors
Thistlebank House
2 Old Henry Street
Enniskillen
Co. Fermanagh
BT74 7JX

Mullen Domestic Ltd (Registered number: NI673062)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 165,453 155,871

CURRENT ASSETS
Stocks 779,582 932,636
Debtors 5 101,777 171,176
Cash at bank 251,431 152,792
1,132,790 1,256,604
CREDITORS
Amounts falling due within one year 6 925,293 1,098,958
NET CURRENT ASSETS 207,497 157,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,950

313,517

PROVISIONS FOR LIABILITIES 18,571 18,669
NET ASSETS 354,379 294,848

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 354,279 294,748
SHAREHOLDERS' FUNDS 354,379 294,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Mullen Domestic Ltd (Registered number: NI673062)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:




J Mullen - Director



Mrs J Mullen - Director


Mullen Domestic Ltd (Registered number: NI673062)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Mullen Domestic Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Mullen Domestic Ltd (Registered number: NI673062)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 225,151
Additions 34,162
At 31 October 2024 259,313
DEPRECIATION
At 1 November 2023 69,280
Charge for year 24,580
At 31 October 2024 93,860
NET BOOK VALUE
At 31 October 2024 165,453
At 31 October 2023 155,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 86,258 163,087
Other debtors 15,519 8,089
101,777 171,176

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts - 500
Trade creditors 268,810 245,070
Taxation and social security 70,120 63,324
Other creditors 586,363 790,064
925,293 1,098,958