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REGISTERED NUMBER: 06692547 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Moorelands Limited

Moorelands Limited (Registered number: 06692547)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moorelands Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: R A Moore





REGISTERED OFFICE: Elm Lea Farm
Elm Road
Sherborne St John
Basingstoke
Hampshire
RG24 9JX





REGISTERED NUMBER: 06692547 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Moorelands Limited (Registered number: 06692547)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 219,893 168,824

CURRENT ASSETS
Stocks 5 911,630 671,791
Debtors 6 25,142 25,000
Cash at bank and in hand 283,289 95,012
1,220,061 791,803
CREDITORS
Amounts falling due within one year 7 834,177 512,141
NET CURRENT ASSETS 385,884 279,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,777

448,486

CREDITORS
Amounts falling due after more than one
year

8

(83,382

)

(109,677

)

PROVISIONS FOR LIABILITIES 10 (22,763 ) (1,708 )
NET ASSETS 499,632 337,101

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 499,532 337,001
SHAREHOLDERS' FUNDS 499,632 337,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Moorelands Limited (Registered number: 06692547)

Balance Sheet - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2023 and were signed by:





R A Moore - Director


Moorelands Limited (Registered number: 06692547)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Moorelands 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Moorelands Limited (Registered number: 06692547)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
Improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 220,946 10,197 65,323 4,000 300,466
Additions 82,148 - 2,020 - 84,168
At 30 June 2023 303,094 10,197 67,343 4,000 384,634
DEPRECIATION
At 1 July 2022 61,110 10,057 56,475 4,000 131,642
Charge for year 30,310 70 2,719 - 33,099
At 30 June 2023 91,420 10,127 59,194 4,000 164,741
NET BOOK VALUE
At 30 June 2023 211,674 70 8,149 - 219,893
At 30 June 2022 159,836 140 8,848 - 168,824

5. STOCKS
30.6.23 30.6.22
£    £   
Stocks 911,630 671,791

Moorelands Limited (Registered number: 06692547)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 25,142 25,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 26,504 25,938
Trade creditors - 35,785
Taxation and social security 80,904 28,559
Other creditors 726,769 421,859
834,177 512,141

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 83,382 109,677

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 109,886 135,615
Other loans 563,833 271,376
673,719 406,991

The bank loans are secured by fixed and floating charges over all of the company's assets and undertakings.

The other loans are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 22,763 1,708

Deferred
tax
£   
Balance at 1 July 2022 1,708
Accelerated capital allowances 21,055
Balance at 30 June 2023 22,763

Moorelands Limited (Registered number: 06692547)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10 Ordinary £1 10 10
70 Ordinary A £1 70 70
20 Ordinary B £1 20 20
100 100