MOLYGRAN & CO. LIMITED

MOLYGRAN & CO. LIMITED

MOLYGRAN & CO. LIMITED - Company Information

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MOLYGRAN & CO. LIMITED

Company Registration Number:
01636930 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2017

Period of accounts

Start date: 01 June 2016

End date: 31 May 2017

MOLYGRAN & CO. LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2017

Balance sheet
Notes

MOLYGRAN & CO. LIMITED

Balance sheet

As at 31 May 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 595,298 462,504
Total fixed assets: 595,298 462,504
Current assets
Stocks: 29,238 29,989
Debtors: 3 128,546 160,384
Cash at bank and in hand: 71,752 46,804
Total current assets: 229,536 237,177
Creditors: amounts falling due within one year: 4 (256,774) (179,477)
Net current assets (liabilities): (27,238) 57,700
Total assets less current liabilities: 568,060 520,204
Creditors: amounts falling due after more than one year: 5 (273,285) (22,015)
Provision for liabilities: (48,843) (32,618)
Total net assets (liabilities): 245,932 465,571
Capital and reserves
Called up share capital: 69 69
Other reserves: 31 31
Profit and loss account: 245,832 465,471
Shareholders funds: 245,932 465,571

The notes form part of these financial statements

MOLYGRAN & CO. LIMITED

Balance sheet statements

For the year ending 31 May 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 23 January 2018
and signed on behalf of the board by:

Name: K Fairhurst
Status: Director

The notes form part of these financial statements

MOLYGRAN & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MOLYGRAN & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

2. Tangible Assets

Total
Cost £
At 01 June 2016 666,995
Additions 236,610
Disposals (75,692)
At 31 May 2017 827,913
Depreciation
At 01 June 2016 204,491
Charge for year 28,124
At 31 May 2017 232,615
Net book value
At 31 May 2017 595,298
At 31 May 2016 462,504

MOLYGRAN & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

3. Debtors

2017 2016
££
Debtors due after more than one year: 0 0

2017 : Trade debtors £120,729; Other debtors £7,817.2016 : Trade debtors £156,084; Other debtors £4,300.

MOLYGRAN & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

4. Creditors: amounts falling due within one year note

2017 : Trade creditors £174,494; social security and taxes £12,712; Other creditors £69,568.2016 : Trade creditors £141,181; Corporation tax £102; Social security and other taxes £17,220; Other creditors £20,974.

MOLYGRAN & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

5. Creditors: amounts falling due after more than one year note

2017 : Bank loans and overdrafts £227,500; Other creditors £45,785.2016 : Other creditors £22,015.

MOLYGRAN & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

6. Changes in presentation and prior period adjustments

These are the first financial statements that comply with FRS102. The company transitioned to FRS102 on 1st June 2015.No transitional adjustments were required in respect of reconciliation of equity, and reconciliation of profit and loss for the year.