Company registration number 04192611 (England and Wales)
MOULDSHOP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
MOULDSHOP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 9
MOULDSHOP LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
5
2,636
3,954
Tangible assets
4
24,087
13,341
Investments
6
-
0
4,869
26,723
22,164
Current assets
Stocks
7
628,720
599,170
Debtors
8
1,558,280
879,410
Cash at bank and in hand
417,033
225,584
2,604,033
1,704,164
Creditors: amounts falling due within one year
9
(785,159)
(733,068)
Net current assets
1,818,874
971,096
Total assets less current liabilities
1,845,597
993,260
Provisions for liabilities
(6,022)
(3,138)
Net assets
1,839,575
990,122
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
1,839,475
990,022
Total equity
1,839,575
990,122

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 May 2026 and are signed on its behalf by:
Mr MW Guyett
Director
Company registration number 04192611 (England and Wales)
MOULDSHOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Mouldshop Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units 1 & 2, Stephenson Close, Drayton Fields Industrial Estate, Daventry, Northants, UK, NN11 8RF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Intangible fixed assets other than goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

SDLT- Lease
33.3% on cost
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on cost
Office Equipment
33.3% on cost
Software
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

MOULDSHOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MOULDSHOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.13

Dividends

The company only pays final dividends. Final dividends are recognised in the financial statements when they are paid, as they are declared solely at the discretion of the directors and do not require approval by the shareholders.

As final dividends do not create a legal obligation until payment is made, no provision is recognised at the reporting date for dividends declared but not yet paid.

1.14

Comparative Information

The comparative figures presented in these financial statements cover a period of 7 months. As a result, the current year’s figures, which cover a full financial year, are not directly comparable with the prior period. The difference in reporting periods arises due to a change in the company’s year‑end during the prior period.

MOULDSHOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
17
15
4
Tangible fixed assets
Plant and equipment
Office Equipment
Software
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
-
0
96,037
10,606
11,631
118,274
Additions
7,406
11,426
-
0
-
0
18,832
Disposals
-
0
-
0
-
0
(11,631)
(11,631)
At 31 December 2025
7,406
107,463
10,606
-
0
125,475
Depreciation and impairment
At 1 January 2025
-
0
87,838
5,883
11,212
104,933
Depreciation charged in the year
1,306
5,180
1,181
105
7,772
Eliminated in respect of disposals
-
0
-
0
-
0
(11,317)
(11,317)
At 31 December 2025
1,306
93,018
7,064
-
0
101,388
Carrying amount
At 31 December 2025
6,100
14,445
3,542
-
0
24,087
At 31 December 2024
-
0
8,199
4,723
419
13,341
MOULDSHOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Intangible fixed assets
Development costs
SDLT- Lease
Total
£
£
£
Cost
At 1 January 2025 and 31 December 2025
17,000
4,745
21,745
Amortisation and impairment
At 1 January 2025
17,000
791
17,791
Amortisation charged for the year
-
0
1,318
1,318
At 31 December 2025
17,000
2,109
19,109
Carrying amount
At 31 December 2025
-
0
2,636
2,636
At 31 December 2024
-
0
3,954
3,954
6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
-
0
4,869
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 January 2025 & 31 December 2025
4,869
Impairment
At 1 January 2025
-
Disposals
4,869
At 31 December 2025
4,869
Carrying amount
At 31 December 2025
-
At 31 December 2024
4,869
7
Stocks
2025
2024
£
£
Stocks
628,720
599,170
MOULDSHOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
7
Stocks
(Continued)
- 7 -

During the year, the company recognised a stock provision of £30,000 (7 month period ended 31/12/2024 - £30,000) relating to obsolete and slow-moving stock. The provision was recorded as an expense within cost of sales.

8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
452,749
543,933
Other debtors
2,898
-
0
Prepayments and accrued income
133,871
37,063
589,518
580,996
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
968,762
298,414
Total debtors
1,558,280
879,410
9
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
349
-
0
Trade creditors
375,207
403,284
Amounts owed to group undertakings
156,261
-
0
Corporation tax
59,039
155,199
Other taxation and social security
156,783
148,659
Other creditors
1,196
8,707
Accruals and deferred income
36,324
17,219
785,159
733,068
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100

The company has one class of ordinary shares which carry equal voting rights, equal rights to dividends and equal rights to the distribution of assets on winding up.

MOULDSHOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is qualified and includes the following:

Basis for qualified opinion

We were not appointed as auditors of the company until after 31 May 202 4 and th us did not observe the counting of physical inventories at the year end. We were unable to satisfy ourselves by alte rnative means concerning inventory quantities held at 31 May 2024, which are included in opening stock in the comparative profit and loss account at £573,634 by using other audit procedures. Consequently, we were unable to determine whether there was any consequential effect on the cost of sales for the period ended 31 December 2024. Our audit opinion on the financial statements for the period 31 December 2024 was modified accordingly. Our opinion on the current period's financial statements is also modified because of the possible effect of this matter on the comparability of the current period's figures and the corresponding figures.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Senior Statutory Auditor:
Callum Veasey ACA
Statutory Auditor:
Cottons Accountants LLP
Date of audit report:
11 May 2026
12
Related party transactions

In 2025, the company had a loan payable to Plastic Moulding Supplies. The balance outstanding as at 31 December 2025 amounted to £100,000.

During the year, the company recognised a receivable of €756,000 arising from the sale of 33.33% of its investment in Mouldpro Holding ApS. Under the Assignment Agreement dated 18 December 2025, this receivable was assigned to the parent company, MS Next S.A.S. and settled through its shareholder current account rather than cash. The balance due from MS Next S.A.S in relation to the sale at 31 December 2025 was €756,000, which has been translated into sterling at the year‑end exchange rate for reporting purposes.

13
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
178,333
244,561
MOULDSHOP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
14
Ultimate Controlling Party

The immediate parent company is MSNext.

The ultimate parent company is Groupe Baelen of 10 Rue Cimarosa, 75016 Paris France.

15
Auditor's liability limitation agreement

Upon appointment of Cottons Accountants LLP as auditors, the company entered into a limitation liability agreement with the auditors and this was approved by resolution on 29 April 2026. Liability is limited to the lesser of 20 times the audit fee or £240,000. In accordance with section 537 of CA06, the effect of the liability limitation agreement is to limit the auditor's liability to less than such amount as is fair and reasonable, as determined by that section, the agreement shall have effect as if it limited the liability to such amount as is fair and reasonable, as so determined.

The agreement limits the liability owed to the company by the auditors in respect of any negligence, default or breach of duty, or breach of trust, occurring in the course of the audit of the accounts for the year ending 31 December 2025.

The agreement does not limit liability for any instance of fraud or dishonesty on behalf of the auditor or any other liability that cannot be excluded or restricted by applicable laws or regulations.

2025-12-31 2025-01-01 false false false 11 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr M W Guyett Mr S Lauwers Mr P P Foltzer 04192611 2025-01-01 2025-12-31 04192611 2025-12-31 04192611 2024-12-31 04192611 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 04192611 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-12-31 04192611 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 04192611 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 04192611 core:PlantMachinery 2025-12-31 04192611 core:FurnitureFittings 2025-12-31 04192611 core:ComputerEquipment 2025-12-31 04192611 core:MotorVehicles 2025-12-31 04192611 core:PlantMachinery 2024-12-31 04192611 core:FurnitureFittings 2024-12-31 04192611 core:ComputerEquipment 2024-12-31 04192611 core:MotorVehicles 2024-12-31 04192611 core:CurrentInventories 2025-12-31 04192611 core:CurrentInventories 2024-12-31 04192611 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 04192611 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04192611 core:ShareCapital 2025-12-31 04192611 core:ShareCapital 2024-12-31 04192611 core:RetainedEarningsAccumulatedLosses 2025-12-31 04192611 core:RetainedEarningsAccumulatedLosses 2024-12-31 04192611 core:ShareCapitalOrdinaryShareClass4 2025-12-31 04192611 core:ShareCapitalOrdinaryShareClass4 2024-12-31 04192611 bus:Director1 2025-01-01 2025-12-31 04192611 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 04192611 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 04192611 core:PlantMachinery 2025-01-01 2025-12-31 04192611 core:FurnitureFittings 2025-01-01 2025-12-31 04192611 core:ComputerEquipment 2025-01-01 2025-12-31 04192611 core:MotorVehicles 2025-01-01 2025-12-31 04192611 core:PlantMachinery 2024-12-31 04192611 core:FurnitureFittings 2024-12-31 04192611 core:ComputerEquipment 2024-12-31 04192611 core:MotorVehicles 2024-12-31 04192611 2024-12-31 04192611 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 04192611 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 04192611 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 04192611 core:CurrentFinancialInstruments 2025-12-31 04192611 core:CurrentFinancialInstruments 2024-12-31 04192611 core:AfterOneYear 2025-12-31 04192611 core:AfterOneYear 2024-12-31 04192611 bus:OrdinaryShareClass4 2025-01-01 2025-12-31 04192611 bus:OrdinaryShareClass4 2025-12-31 04192611 bus:OrdinaryShareClass4 2024-12-31 04192611 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04192611 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04192611 bus:FRS102 2025-01-01 2025-12-31 04192611 bus:Audited 2025-01-01 2025-12-31 04192611 bus:Director2 2025-01-01 2025-12-31 04192611 bus:Director3 2025-01-01 2025-12-31 04192611 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP