Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31212023-11-01falseThe prinicpal activity was the retail of metal finishing equipment.19truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01749485 2023-11-01 2024-10-31 01749485 2022-11-01 2023-10-31 01749485 2024-10-31 01749485 2023-10-31 01749485 c:Director3 2023-11-01 2024-10-31 01749485 c:Director4 2023-11-01 2024-10-31 01749485 d:PlantMachinery 2023-11-01 2024-10-31 01749485 d:PlantMachinery 2024-10-31 01749485 d:PlantMachinery 2023-10-31 01749485 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 01749485 d:MotorVehicles 2023-11-01 2024-10-31 01749485 d:MotorVehicles 2024-10-31 01749485 d:MotorVehicles 2023-10-31 01749485 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 01749485 d:FurnitureFittings 2023-11-01 2024-10-31 01749485 d:FurnitureFittings 2024-10-31 01749485 d:FurnitureFittings 2023-10-31 01749485 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 01749485 d:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 01749485 d:OtherPropertyPlantEquipment 2024-10-31 01749485 d:OtherPropertyPlantEquipment 2023-10-31 01749485 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 01749485 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 01749485 d:Goodwill 2024-10-31 01749485 d:Goodwill 2023-10-31 01749485 d:CurrentFinancialInstruments 2024-10-31 01749485 d:CurrentFinancialInstruments 2023-10-31 01749485 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 01749485 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 01749485 d:ShareCapital 2024-10-31 01749485 d:ShareCapital 2023-10-31 01749485 d:RetainedEarningsAccumulatedLosses 2024-10-31 01749485 d:RetainedEarningsAccumulatedLosses 2023-10-31 01749485 c:FRS102 2023-11-01 2024-10-31 01749485 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 01749485 c:FullAccounts 2023-11-01 2024-10-31 01749485 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01749485 2 2023-11-01 2024-10-31 01749485 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 01749485









MOLERODA FINISHING SYSTEMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
MOLERODA FINISHING SYSTEMS LIMITED
REGISTERED NUMBER: 01749485

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
61,287
68,056

  
61,287
68,056

Current assets
  

Stocks
 6 
316,678
286,253

Debtors: amounts falling due within one year
 7 
306,567
346,166

Cash at bank and in hand
 8 
861,770
865,325

  
1,485,015
1,497,744

Creditors: amounts falling due within one year
 9 
(304,004)
(322,694)

Net current assets
  
 
 
1,181,011
 
 
1,175,050

Total assets less current liabilities
  
1,242,298
1,243,106

  

Net assets
  
1,242,298
1,243,106


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,242,198
1,243,006

  
1,242,298
1,243,106


Page 1

 
MOLERODA FINISHING SYSTEMS LIMITED
REGISTERED NUMBER: 01749485
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with 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 on 27 June 2025.




................................................
Elizabeth Houghton
................................................
Lucy Lawrence
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MOLERODA FINISHING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Moleroda Finishing Systems Limited is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of the retail of metal finishing 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

Page 3

 
MOLERODA FINISHING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
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.

 
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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


 
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 4

 
MOLERODA FINISHING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance
Office equipment
-
25% 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.

At each balance sheet 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.

 
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.
Page 5

 
MOLERODA FINISHING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 21).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
71,600



At 31 October 2024

71,600



Amortisation


At 1 November 2023
71,600



At 31 October 2024

71,600



Net book value



At 31 October 2024
-



At 31 October 2023
-



Page 6

 
MOLERODA FINISHING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Plant and machinery
Office equipment
Fixtures and fittings
Motor Vehicles
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
47,679
77,937
102,808
28,639
257,063


Additions
1,904
5,729
974
-
8,607



At 31 October 2024

49,583
83,666
103,782
28,639
265,670



Depreciation


At 1 November 2023
29,970
49,875
85,469
23,693
189,007


Charge for the year on owned assets
2,945
8,448
2,747
1,236
15,376



At 31 October 2024

32,915
58,323
88,216
24,929
204,383



Net book value



At 31 October 2024
16,668
25,343
15,566
3,710
61,287



At 31 October 2023
17,709
28,062
17,339
4,946
68,056


6.


Stocks

2024
2023
£
£

Raw materials and consumables
316,678
286,253

316,678
286,253


Page 7

 
MOLERODA FINISHING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
298,347
339,782

Prepayments and accrued income
8,220
6,384

306,567
346,166



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
861,770
865,325

861,770
865,325



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
151,824
141,657

Corporation tax
33,706
32,430

Other taxation and social security
92,787
123,789

Other creditors
19,123
16,115

Accruals and deferred income
6,564
8,703

304,004
322,694



10.


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 £132,262 (2023 - £132,322). Contributions totalling £3,816 (2023 - £Nil) were payable to the fund at the balance sheet date.


11.


Related party transactions

During the year the Company paid rent of £15,000 (2023 - £15,000) to the Directors for use of the business unit. This was felt to be at commercial rate.

Page 8

 
MOLERODA FINISHING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

12.


Controlling party

The Company is controlled by the Directors, Elizabeth Houghton and Lucy Lawrence, by virtue of their shareholdings, as described in the Directors' report.

 
Page 9