Molini Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05601231 (England and Wales)

Molini Limited

Unaudited Financial Statements for the Year Ended 31 March 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S W Henry

Mrs L M Henry

SECRETARY:

Mrs L M Henry

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

REGISTERED NUMBER:

05601231 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

1,582

1,976

CURRENT ASSETS

Debtors

5

37,462

32,249

Cash at bank

-

2,355

37,462

34,604

CREDITORS

Amounts falling due within one year

6

38,790

33,945

NET CURRENT (LIABILITIES)/ASSETS

(1,328

)

659

TOTAL ASSETS LESS CURRENT LIABILITIES

254

2,635

CREDITORS

Amounts falling due after more than one year

7

-

2,466

NET ASSETS

254

169

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

252

167

SHAREHOLDERS' FUNDS

254

169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 21 December 2022 and were signed on its behalf by:

A S W Henry - Director

1.	STATUTORY INFORMATION

Molini 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Bicycle

-

33% on reducing balance

Computer equipment

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

Bicycle

equipment

Totals

£

£

£

£

COST

At 1 April 2021

and 31 March 2022

4,965

850

19,773

25,588

DEPRECIATION

At 1 April 2021

4,550

840

18,222

23,612

Charge for year

82

3

309

394

At 31 March 2022

4,632

843

18,531

24,006

NET BOOK VALUE

At 31 March 2022

333

7

1,242

1,582

At 31 March 2021

415

10

1,551

1,976

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

14,218

16,489

Section 455 tax

4,086

4,086

Directors' loan

19,158

11,099

Prepayments and accrued income

-

575

37,462

32,249

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank overdraft

6,061

2,880

Trade creditors

5,510

4,124

Taxation and social security

25,608

25,346

Other creditors

1,611

1,595

38,790

33,945

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

-

2,466

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

A S W Henry and Mrs L M Henry

Balance outstanding at start of year

11,099

4,880

Amounts advanced

53,955

57,633

Amounts repaid

(45,896

)

(51,414

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,158

11,099