G. Molloy & Son Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08440975

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		344,537		324,684

			344,537		324,684
CURRENT ASSETS
Stocks	5	980		14,718
Debtors	6	500,000		1,500
Cash at bank and in hand		-		249,750

		500,980		265,968
Creditors: Amounts Falling Due Within One Year	7	(304,342 )		(223,368 )

NET CURRENT ASSETS (LIABILITIES)			196,638		42,600

TOTAL ASSETS LESS CURRENT LIABILITIES			541,175		367,284

Creditors: Amounts Falling Due After More Than One Year	8		(181,964 )		(87,647 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(81,172 )

NET ASSETS			359,211		198,465

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			359,111		198,365

SHAREHOLDERS' FUNDS			359,211		198,465

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G. Molloy & Son Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Luke Gerard Molloy Director	Mr Gerard Peter Molloy Director
20/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

G. Molloy & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08440975 . The registered office is 4 Station Avenue, Tile Hill, Coventry, West Midlands, CV4 9HS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	15% Reducing balance
Computer Equipment	15% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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G. Molloy & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	57,681	442,947	-	-	500,628
Additions	5,910	243,365	2,216	2,789	254,280
Disposals	-	(179,256 )	-	-	(179,256 )

As at 31 March 2025	63,591	507,056	2,216	2,789	575,652

Depreciation
As at 1 April 2024	38,720	137,224	-	-	175,944
Provided during the period	3,731	106,380	332	418	110,861
Disposals	-	(55,690 )	-	-	(55,690 )

As at 31 March 2025	42,451	187,914	332	418	231,115

Net Book Value
As at 31 March 2025	21,140	319,142	1,884	2,371	344,537

As at 1 April 2024	18,961	305,723	-	-	324,684

5. Stocks

	2025	2024
	£	£
Finished goods	980	14,718

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	500,000	1,500

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,204	6,136
Bank loans and overdrafts	8,668	-
Other loans	4,239	8,362
Corporation tax	157,577	115,348
Other taxes and social security	2,165	484
VAT	19,131	89,694
Accruals and deferred income	94,260	2,368
Directors' loan accounts	1,098	976

	304,342	223,368

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G. Molloy & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	176,633	71,939
Bank loans	5,331	15,708

	181,964	87,647

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	176,633	71,939

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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