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Registered number: 01912861









Mold Masters (UK) Limited









Director's Report and Financial Statements

For the period ended 30 September 2024

 
Mold Masters (UK) Limited
 
 
Company Information


Director
H Hagelstein 




Company secretary
DTM Legal LLP



Registered number
01912861



Registered office
Mold Masters (UK) Limited
Netherwood Road

Rotherwas Industrial Estate

Hereford

HR2 6JU




Independent auditors
Hurst Accountants Limited
Chartered Accountants & Statutory Auditors

3 Stockport Exchange

Railway Road

Stockport

SK1 3GG




Bankers
HSBC Plc
35 High Town

Hereford

HR1 2AQ




Solicitors
Harvey Ingram
20 New Walk

Leicester

LE1 6TX





 
Mold Masters (UK) Limited
 

Contents



Page
Director's report
 
1 - 2
Independent auditors' report
 
3 - 6
Statement of income and retained earnings
 
7
Statement of financial position
 
8
Notes to the financial statements
 
9 - 19


 
Mold Masters (UK) Limited
 
 
 
Director's Report
For the period ended 30 September 2024

The director presents his report and the financial statements for the period ended 30 September 2024.

Director's responsibilities statement

The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the director is required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Director

The director who served during the period was:

H Hagelstein 

Disclosure of information to auditors

The director at the time when this director's report is approved has confirmed that:
 
so far as  is aware, there is no relevant audit information of which the Company's auditors are unaware, and

 has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditorsHurst Accountants Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Page 1

 
Mold Masters (UK) Limited
 
 
 
Director's Report (continued)
For the period ended 30 September 2024

This report was approved by the board and signed on its behalf.
 





................................................
H Hagelstein
Director

Date: 24 June 2025

Page 2

 
Mold Masters (UK) Limited
 
 
 
Independent Auditors' Report to the Members of Mold Masters (UK) Limited
 

Opinion


We have audited the financial statements of Mold Masters (UK) Limited (the 'Company') for the period ended 30 September 2024, which comprise the statement of income and retained earnings, the statement of financial position and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 September 2024 and of its profit for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our auditors' report thereon. The director is responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 3

 
Mold Masters (UK) Limited
 
 
 
Independent Auditors' Report to the Members of Mold Masters (UK) Limited (continued)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the director's report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the director's report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the director's report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the director's report and from the requirement to prepare a strategic report.


Responsibilities of directors
 

As explained more fully in the director's responsibilities statement set out on page 1, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 4

 
Mold Masters (UK) Limited
 
 
 
Independent Auditors' Report to the Members of Mold Masters (UK) Limited (continued)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
• The nature of the industry and sector in which the company operates; the control environment and business     performance including key drivers for directors' remuneration, bonus levels and performance targets.
• The outcome of enquiries of local management and parent company management, including whether management    was aware of any instances of non-compliance with laws and regulations, and whether management had knowledge   of any actual, suspected, or alleged fraud. 
• Supporting documentation relating to the Company's policies and procedures for:
    - Identifying, evaluating, and complying with laws and regulations
    - Detecting and responding to the risks of fraud
• The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
• The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the    financial statements and any potential indicators of fraud.
• The legal and regulatory framework in which the Company operates, particularly those laws and regulations which    have a direct effect on the financial statements, such as the Companies Act 2006, pensions and tax legislation, or    which had a fundamental effect on the operations of the Company, including General Data Protection requirements,   and Anti-bribery and Corruption.
Audit response to risks identified
Our procedures to respond to the risks identified included the following:
• Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with    the provisions of those relevant laws and regulations which have a direct effect on the financial statements.
• Discussions with management, including consideration of known or suspected instances of non-compliance with    laws and regulations and fraud.
• Evaluation of the operating effectiveness of management’s controls designed to prevent and detect      irregularities.
• Enquiring of management about any actual and potential litigation and claims.
• Performing analytical procedures to identify any unusual or unexpected relationships which may indicate risks of    material misstatement due to fraud.
 
Page 5

 
Mold Masters (UK) Limited
 
 
 
Independent Auditors' Report to the Members of Mold Masters (UK) Limited (continued)



We have also considered the risk of fraud through management override of controls by:
• Testing the appropriateness of journal entries and other adjustments. We have used data analytics software to    identify accounting transactions which may pose a heightened risk of material misstatement, whether due to fraud or   error.
• Challenging assumptions made by management in their significant accounting estimates, and assessing whether the    judgements made in making accounting estimates are indicative of a potential bias; and
• Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of    business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of them.  Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Anthony Woodings (senior statutory auditor)
for and on behalf of
Hurst Accountants Limited
Chartered Accountants
Statutory Auditors
3 Stockport Exchange
Railway Road
Stockport
SK1 3GG

24 June 2025
Page 6

 
Mold Masters (UK) Limited
 
 
Statement of Income and Retained Earnings
For the period ended 30 September 2024

2024
2023
Note
£
£

  

Turnover
  
8,835,266
10,318,704

Cost of sales
  
(5,951,876)
(6,852,950)

Gross profit
  
2,883,390
3,465,754

Administrative expenses
  
(1,312,154)
(1,107,915)

Operating profit
 4 
1,571,236
2,357,839

Interest receivable and similar income
  
537,324
85,749

Interest payable and similar expenses
  
(399,889)
(4,540)

Profit before tax
  
1,708,671
2,439,048

Tax on profit
  
4,459
(541,113)

Profit after tax
  
1,713,130
1,897,935

  

  

Retained earnings at the beginning of the period
  
5,981,240
4,083,305

Profit for the period
  
1,713,130
1,897,935

Retained earnings at the end of the period
  
7,694,370
5,981,240
The notes on pages 9 to 19 form part of these financial statements.

Page 7

 
Mold Masters (UK) Limited
Registered number: 01912861

Statement of Financial Position
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 9 
501,064
518,456

Current assets
  

Stocks
 10 
1,301,242
1,644,326

Debtors: amounts falling due within one year
 11 
2,074,318
1,697,058

Cash at bank and in hand
 12 
6,412,273
23,152,809

  
9,787,833
26,494,193

Creditors: amounts falling due within one year
 13 
(1,107,640)
(19,540,063)

Net current assets
  
 
 
8,680,193
 
 
6,954,130

Total assets less current liabilities
  
9,181,257
7,472,586

Provisions for liabilities
  

Deferred tax
  
(17,189)
(21,648)

Net assets
  
9,164,068
7,450,938


Capital and reserves
  

Called up share capital 
 15 
30,000
30,000

Capital redemption reserve
 16 
1,439,698
1,439,698

Profit and loss account
 16 
7,694,370
5,981,240

  
9,164,068
7,450,938


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
H Hagelstein
Director

Date: 24 June 2025

The notes on pages 9 to 19 form part of these financial statements.

Page 8

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

1.


General information

The Company is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is Netherwood Road, Rotherwas Industrial Estate, Hereford, HR2 6JU.
The company's principal activity is that of the import, assembly, sale and service of technical equipment. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 9

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 10

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 11

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method as appropriate.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line basis
Plant and machinery
-
15%
- 25% reducing balance
Office equipment
-
15%
- 33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 12

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

2.Accounting policies (continued)

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Inventory provisioning 
When calculating the inventory provision, management considers the nature and condition of the inventory, as well as applying assumptions around anticipated saleability of finished goods and future usage of raw materials. At the year end, the company was carrying stock provisions of £194,470 (2023: £183,755).
Impairment of debtors 
The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of the debtors and historical experience. At the year end, the company was carrying debtor provisions of £2,918 (2023: £3,078).


4.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Exchange differences
3,638
562

Other operating lease rentals
60,784
46,021

Page 13

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

5.


Auditors' remuneration

During the period, the Company obtained the following services from the Company's auditors:


2024
2023
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
25,500
21,815


6.


Employees

2024
2023
£
£

Wages and salaries
1,166,156
984,531

Social security costs
95,766
84,213

Cost of defined contribution scheme
35,948
31,529

1,297,870
1,100,273


The average monthly number of employees, including the director, during the period was as follows:


        2024
        2023
            No.
            No.







Selling and distribution
7
7



Administration
2
2



Production
21
22

30
31


7.


Director's remuneration

The director is employed and paid by Mold Masters Europa GmbH and this company processes recharges to fellow group companies for his services. During the year, the Company has received a recharge of £46,164 (2023: £40,035) from Mold Masters Europa GmbH in respect of these services. 




Page 14

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

8.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 October 2023
48,453
1,072,711
1,121,164



At 30 September 2024

48,453
1,072,711
1,121,164



Amortisation


At 1 October 2023
48,453
1,072,711
1,121,164



At 30 September 2024

48,453
1,072,711
1,121,164



Net book value



At 30 September 2024
-
-
-



At 30 September 2023
-
-
-




9.


Tangible fixed assets





Freehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost


At 1 October 2023
505,280
253,563
146,529
905,372



At 30 September 2024

505,280
253,563
146,529
905,372



Depreciation


At 1 October 2023
63,284
182,260
141,372
386,916


Charge for the period on owned assets
5,501
10,982
909
17,392



At 30 September 2024

68,785
193,242
142,281
404,308



Net book value



At 30 September 2024
436,495
60,321
4,248
501,064



At 30 September 2023
441,996
71,303
5,157
518,456

Page 15

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

           9.Tangible fixed assets (continued)






The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
436,495
441,996



10.


Stocks

2024
2023
£
£

Raw materials and consumables
1,046,096
1,261,175

Work in progress (goods to be sold)
98,287
159,073

Finished goods and goods for resale
156,859
224,078

1,301,242
1,644,326


Page 16

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

11.


Debtors

2024
2023
£
£


Trade debtors
778,273
905,005

Amounts owed by group undertakings
706,702
734,394

Other debtors
537,971
18,094

Prepayments and accrued income
51,372
39,565

2,074,318
1,697,058


A charge of £3,952 (2023: £3,658) relating to bad debt provisions were recognised in the Statement of comprehensive income during the year.
Amounts owed by group undertakings are unsecured and are repayable on demand.


12.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,412,273
23,152,809



13.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
546,522
649,930

Amounts owed to group undertakings
360,264
18,588,071

Corporation tax
-
121,643

Other taxation and social security
49,598
49,021

Accruals and deferred income
151,256
131,398

1,107,640
19,540,063


Included within Amounts owed to group undertakings is an unsecured facility due to a fellow subsidiary at the ultimate parent. At the year end, the total amount outstanding was £Nil (2023: £18,152,192). Interest was payable on the loan at a fixed rate and the balance is repayable on demand. Total interest charged was £399,889 (2023: £4,540). The debt was settled in full during the year. 
The remaining loans included within Amounts owed to group undertakings are unsecured, interest free and are repayable on demand.

Page 17

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

14.


Deferred taxation




2024
2023


£

£






At beginning of year
21,648
19,487


Charged to profit or loss
(4,459)
2,161



At end of year
17,189
21,648

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
25,501
28,942

Other timing differences
(8,312)
(7,294)

17,189
21,648


15.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



30,000 (2023 - 30,000) Ordinary shares of £1.00 each
30,000
30,000



16.


Reserves

Capital redemption reserve

The capital redemption reserve represents the nominal value of share capital allotted and subsequently repurchased
by the Company, less any capital reductions made.

Profit and loss account

The profit and loss account represents the accumulated profits, losses and distributions of the Company.


17.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from
those of the Company in an independently administered fund.
The pension cost charge represents contributions payable by the Company to the fund and amounted to £35,948 (
2023: £31,529). Contributions totalling £9,290 (2023: £9,171) were payable to the fund at the reporting date and are included in creditors.

Page 18

 
Mold Masters (UK) Limited
 
 
 
Notes to the Financial Statements
For the period ended 30 September 2024

18.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
51,769
71,632

Later than 1 year and not later than 5 years
23,333
82,037

75,102
153,669


19.


Related party transactions

The Company is exempt from disclosing other related party transactions as they are with other companies that are
wholly owned within the Group.


20.


Controlling party

The immediate parent company is Milacron Nederland BV, a company incorporated in the Netherlands.
The smallest group within which the results of the company are included is headed by Coperion K-Tron Schweiz, a company incorporated in Switzerland. The consolidated financial statements of Coperion K-Tron (Schweiz) GmbH can be obtained from Lenzhardweg 43/45, 5702 Niederlenz, Switzerland.
The ultimate parent undertaking and controlling party of this Company is Hillenbrand, Inc, incorporated in the United States of America, and the group headed by Hillenbrand, Inc is the largest group within which the results of the company are included. Copies of the accounts of the ultimate parent can be obtained from the company's head office, being 1 Batesville Blvd, Batesville, Indiana, 47006, United States.

 
Page 19