REGISTERED NUMBER: 02671740 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MOLESLEY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Howting

K A Howting

REGISTERED OFFICE:

83 Station Road

Hampton

TW12 2BJ

REGISTERED NUMBER:

02671740 (England and Wales)

ACCOUNTANTS:

John A Hyde & Co

Lyndale House

24A High Street

Addlestone

Surrey

KT15 1TN

FIXED ASSETS

Tangible assets

4

1,959,179

1,979,696

CURRENT ASSETS

Stocks

71,750

128,059

Debtors

5

16,219

17,957

Cash at bank and in hand

123,237

96,953

211,206

242,969

CREDITORS

Amounts falling due within one year

6

323,736

346,567

NET CURRENT LIABILITIES

(112,530

)

(103,598

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,846,649

1,876,098

CREDITORS

Amounts falling due after more than one year

7

(1,157,446

)

(1,191,393

)

PROVISIONS FOR LIABILITIES

(114,054

)

(114,054

)

NET ASSETS

575,149

570,651

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

19,502

19,502

Revaluation reserve

8

463,717

463,717

Retained earnings

91,830

87,332

SHAREHOLDERS' FUNDS

575,149

570,651

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

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

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 4 September 2025 and were signed on its behalf by:

S Howting - Director

1.	STATUTORY INFORMATION

Molesley Ltd is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

20% on cost and not provided

Plant and machinery etc

-

33% on cost, 25% on cost and 25% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

1,882,335

299,134

2,181,469

Additions

-

38,929

38,929

Disposals

-

(49,407

)

(49,407

)

At 31 December 2024

1,882,335

288,656

2,170,991

DEPRECIATION

At 1 January 2024

41,252

160,521

201,773

Charge for year

-

14,980

14,980

Eliminated on disposal

-

(4,941

)

(4,941

)

At 31 December 2024

41,252

170,560

211,812

NET BOOK VALUE

At 31 December 2024

1,841,083

118,096

1,959,179

At 31 December 2023

1,841,083

138,613

1,979,696

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2004

318,831

-

318,831

Valuation in 2010

108,940

-

108,940

Valuation in 2019

150,000

-

150,000

Cost

1,304,564

288,656

1,593,220

1,882,335

288,656

2,170,991

During the year to 31 December 2019 the directors have put a valuation on the freehold property at 83/83A Station Road amounting to £850,000 ( 2018 £700,00). The freehold property has not been depreciated on the grounds that, in the directors opinion, the realisable value of the property does not differ materially from its asset value.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

23,976

DEPRECIATION

At 1 January 2024

and 31 December 2024

23,976

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

13,528

15,329

Other debtors

2,691

2,628

16,219

17,957

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

30,699

49,356

Trade creditors

203,540

222,390

Taxation and social security

84,618

69,719

Other creditors

4,879

5,102

323,736

346,567

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,157,446

1,191,393

Amounts falling due in more than five years:

Repayable by instalments

Bank Loan

1,157,446

1,191,393

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

463,717