REGISTERED NUMBER: 04127870 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MOLONEY AUTOMATICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Moloney

Mrs C Moloney

SECRETARY:

Mrs C Moloney

REGISTERED OFFICE:

61 Queen Square

Bristol

BS1 4JZ

REGISTERED NUMBER:

04127870 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

BANKERS:

Lloyds Bank plc

Kingswood

Bristol

BS15 8HT

FIXED ASSETS

Property, plant and equipment

4

60,871

64,875

CURRENT ASSETS

Inventories

5,800

3,990

Debtors

5

59,277

39,580

Cash at bank

2,793

12,922

67,870

56,492

CREDITORS

Amounts falling due within one year

6

95,877

79,435

NET CURRENT LIABILITIES

(28,007

)

(22,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,864

41,932

CREDITORS

Amounts falling due after more than one year

7

(22,780

)

(32,110

)

PROVISIONS FOR LIABILITIES

9

(9,240

)

(9,501

)

NET ASSETS

844

321

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

744

221

SHAREHOLDERS' FUNDS

844

321

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 16 December 2025 and were signed on its behalf by:

T J Moloney - Director

1.	STATUTORY INFORMATION

Moloney Automatics Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

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.

Workshop

-

15% on reducing balance

Machines

-

50% on cost, 25% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

15% on reducing balance

Stocks

Inventories 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.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Going concern

The directors have reviewed the going concern status of the business for the foreseeable future as best they can. The directors fully expect that the company will remain a going concern and will have sufficient working capital to meet its requirements for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Motor

Workshop

Machines

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

38,207

267,482

90,922

1,228

397,839

Additions

-

16,755

-

-

16,755

Disposals

-

(50,696

)

-

-

(50,696

)

At 31 December 2024

38,207

233,541

90,922

1,228

363,898

DEPRECIATION

At 1 January 2024

36,716

211,967

83,088

1,193

332,964

Charge for year

224

14,143

1,959

5

16,331

Eliminated on disposal

-

(46,268

)

-

-

(46,268

)

At 31 December 2024

36,940

179,842

85,047

1,198

303,027

NET BOOK VALUE

At 31 December 2024

1,267

53,699

5,875

30

60,871

At 31 December 2023

1,491

55,515

7,834

35

64,875

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

Machines

£

COST

At 1 January 2024

11,605

Additions

16,755

Transfer to ownership

(8,645

)

At 31 December 2024

19,715

DEPRECIATION

At 1 January 2024

3,391

Charge for year

3,327

Transfer to ownership

(3,145

)

At 31 December 2024

3,573

NET BOOK VALUE

At 31 December 2024

16,142

At 31 December 2023

8,214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,202

17,848

Other debtors

170

220

Directors' current accounts

3,253

10,000

Corporation tax recoverable

1,012

1,012

Prepayments and accrued income

34,640

10,500

59,277

39,580

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

12,000

12,000

Hire purchase contracts

9,487

3,246

Trade creditors

16,771

11,139

Corporation tax

16,822

18,898

Social security and other taxes

1,540

618

VAT

16,673

20,423

Accruals and deferred income

22,584

13,111

95,877

79,435

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

12,000

12,000

Bank loans - 2-5 years

7,000

19,000

Hire purchase contracts

3,780

1,110

22,780

32,110

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

31,000

43,000

Hire purchase contracts

13,267

4,356

44,267

47,356

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

9,240

9,501

Deferred

tax

£

Balance at 1 January 2024

9,501

Provided during year

(261

)

Balance at 31 December 2024

9,240

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY

The company was under the joint control of T J Moloney and C Moloney throughout the current and previous year.