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MUSOL LIMITED

Registered Number
04019262
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

MUSOL LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

WING, Clifford Donald

Registered Address

Auker Rhodes Basement Floor, Focus House
Focus Way
Yeadon
LS19 7DB

Registered Number

04019262 (England and Wales)
MUSOL LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311,44917,175
11,44917,175
Current assets
Stocks429,94332,943
Debtors571,59590,441
Cash at bank and on hand125,57458,936
227,112182,320
Creditors amounts falling due within one year6(580,084)(332,432)
Net current assets (liabilities)(352,972)(150,112)
Total assets less current liabilities(341,523)(132,937)
Creditors amounts falling due after one year7(35,577)(40,101)
Net assets(377,100)(173,038)
Capital and reserves
Profit and loss account(377,100)(173,038)
Shareholders' funds(377,100)(173,038)
The financial statements were approved and authorised for issue by the Director on 16 June 2025, and are signed on its behalf by:
WING, Clifford Donald
Director
Registered Company No. 04019262
MUSOL LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
At the balance sheet date the company had net liabilities of £377,100 (2023 - £173,038). The director believe it to be appropriate to prepare the financial statements on the going concern basis, despite the fact that the company is technically insolvent at 30 September 2024. This is due to the continued support of the directors. The financial statements do not include any adjustments that would result from a withdrawal of this support.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery15
Vehicles25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 October 2318,54922,90141,450
At 30 September 2418,54922,90141,450
Depreciation and impairment
At 01 October 2318,5495,72624,275
Charge for year-5,7265,726
At 30 September 2418,54911,45230,001
Net book value
At 30 September 24-11,44911,449
At 30 September 23-17,17517,175
4.Stocks

2024

2023

££
Other stocks29,94332,943
Total29,94332,943
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables71,56190,440
Other debtors341
Total71,59590,441
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables322,027186,966
Taxation and social security14,3881,541
Accrued liabilities and deferred income243,669143,925
Total580,084332,432
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts35,57740,101
Total35,57740,101