Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mrs J Buckley-Wills 18/11/2009 Mr A Wills 18/11/2009 05 August 2025 The principal activity of the Company during the financial year is that of manufacturing plastic moulds. 07078895 2024-12-31 07078895 bus:Director1 2024-12-31 07078895 bus:Director2 2024-12-31 07078895 2023-12-31 07078895 core:CurrentFinancialInstruments 2024-12-31 07078895 core:CurrentFinancialInstruments 2023-12-31 07078895 core:Non-currentFinancialInstruments 2024-12-31 07078895 core:Non-currentFinancialInstruments 2023-12-31 07078895 core:ShareCapital 2024-12-31 07078895 core:ShareCapital 2023-12-31 07078895 core:RetainedEarningsAccumulatedLosses 2024-12-31 07078895 core:RetainedEarningsAccumulatedLosses 2023-12-31 07078895 core:Goodwill 2023-12-31 07078895 core:Goodwill 2024-12-31 07078895 core:LandBuildings 2023-12-31 07078895 core:PlantMachinery 2023-12-31 07078895 core:Vehicles 2023-12-31 07078895 core:OfficeEquipment 2023-12-31 07078895 core:LandBuildings 2024-12-31 07078895 core:PlantMachinery 2024-12-31 07078895 core:Vehicles 2024-12-31 07078895 core:OfficeEquipment 2024-12-31 07078895 bus:OrdinaryShareClass1 2024-12-31 07078895 core:WithinOneYear 2024-12-31 07078895 core:WithinOneYear 2023-12-31 07078895 core:BetweenOneFiveYears 2024-12-31 07078895 core:BetweenOneFiveYears 2023-12-31 07078895 2024-01-01 2024-12-31 07078895 bus:FilletedAccounts 2024-01-01 2024-12-31 07078895 bus:SmallEntities 2024-01-01 2024-12-31 07078895 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07078895 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07078895 bus:Director1 2024-01-01 2024-12-31 07078895 bus:Director2 2024-01-01 2024-12-31 07078895 core:Goodwill core:TopRangeValue 2024-01-01 2024-12-31 07078895 core:Goodwill 2024-01-01 2024-12-31 07078895 core:PlantMachinery 2024-01-01 2024-12-31 07078895 core:Vehicles 2024-01-01 2024-12-31 07078895 core:OfficeEquipment core:TopRangeValue 2024-01-01 2024-12-31 07078895 core:OfficeEquipment 2024-01-01 2024-12-31 07078895 2023-01-01 2023-12-31 07078895 core:LandBuildings 2024-01-01 2024-12-31 07078895 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 07078895 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07078895 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07078895 (England and Wales)

MOULDTECH SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MOULDTECH SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

MOULDTECH SOLUTIONS LIMITED

BALANCE SHEET

As at 31 December 2024
MOULDTECH SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 616,558 620,116
616,558 620,116
Current assets
Stocks 6,400 6,400
Debtors 5 109,198 110,359
Cash at bank and in hand 78 0
115,676 116,759
Creditors: amounts falling due within one year 6 ( 403,058) ( 333,395)
Net current liabilities (287,382) (216,636)
Total assets less current liabilities 329,176 403,480
Creditors: amounts falling due after more than one year 7 ( 144,906) ( 224,604)
Provision for liabilities ( 63,433) ( 48,885)
Net assets 120,837 129,991
Capital and reserves
Called-up share capital 8 10 10
Profit and loss account 120,827 129,981
Total shareholders' funds 120,837 129,991

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Mouldtech Solutions Limited (registered number: 07078895) were approved and authorised for issue by the Board of Directors on 05 August 2025. They were signed on its behalf by:

Mr A Wills
Director
MOULDTECH SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MOULDTECH SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

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

General information and basis of accounting

Mouldtech Solutions Limited (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 Sigma House Oak View Close, Edginswell Close, Torquay, TQ2 7FF, United Kingdom. The principal place of business is Unit 8, Torbay Business Park, Woodview Road, Paignton, TQ4 7HP.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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.

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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. The company recognises revenue based on its value of the goods and services provided to date.

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
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

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 over its expected useful life, as follow

Land and buildings not depreciated
Plant and machinery 10 - 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 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 Statement of Income and Retained Earnings 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.

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.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 69,000 69,000
At 31 December 2024 69,000 69,000
Accumulated amortisation
At 01 January 2024 69,000 69,000
At 31 December 2024 69,000 69,000
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 January 2024 373,415 427,876 91,635 38,377 931,303
Additions 0 39,675 27,494 4,692 71,861
Disposals 0 0 ( 79,951) 0 ( 79,951)
At 31 December 2024 373,415 467,551 39,178 43,069 923,213
Accumulated depreciation
At 01 January 2024 0 227,823 45,853 37,511 311,187
Charge for the financial year 0 25,001 4,785 661 30,447
Disposals 0 0 ( 34,979) 0 ( 34,979)
At 31 December 2024 0 252,824 15,659 38,172 306,655
Net book value
At 31 December 2024 373,415 214,727 23,519 4,897 616,558
At 31 December 2023 373,415 200,053 45,782 866 620,116

5. Debtors

2024 2023
£ £
Trade debtors 87,533 91,707
Accrued income 19,858 17,637
Other debtors 1,807 1,015
109,198 110,359

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 112,477 120,064
Trade creditors 56,070 65,372
Amounts owed to directors 51,597 5,703
Accruals 3,565 3,950
Corporation tax 47,574 8,280
Other taxation and social security 88,034 79,854
Obligations under finance leases and hire purchase contracts (secured) 43,333 49,841
Other creditors 408 331
403,058 333,395

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

2024 2023
£ £
Bank loans 73,397 119,579
Obligations under finance leases and hire purchase contracts (secured) 71,509 105,025
144,906 224,604

Hire purchase contracts are secured over the assets they are taken out for.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10

9. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Finance leases entered into 43,594 60,442

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 16,848 16,848
between one and five years 26,746 43,594
43,594 60,442