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REGISTERED NUMBER: 12351662 (England and Wales)















MOCHO FABRICATION LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






MOCHO FABRICATION LIMITED (REGISTERED NUMBER: 12351662)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


MOCHO FABRICATION LIMITED (REGISTERED NUMBER: 12351662)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,400 13,200
Tangible assets 5 206,951 202,373
215,351 215,573

CURRENT ASSETS
Stocks 121,557 162,985
Debtors 6 11,401 82,861
Cash at bank 14,402 7,818
147,360 253,664
CREDITORS
Amounts falling due within one year 7 278,887 453,435
NET CURRENT LIABILITIES (131,527 ) (199,771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,824

15,802

CREDITORS
Amounts falling due after more than
one year

8

(76,472

)

(9,127

)

PROVISIONS FOR LIABILITIES (3,648 ) (2,647 )
NET ASSETS 3,704 4,028

MOCHO FABRICATION LIMITED (REGISTERED NUMBER: 12351662)

BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,604 3,928
3,704 4,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2023 and were signed by:





C O Langston - Director


MOCHO FABRICATION LIMITED (REGISTERED NUMBER: 12351662)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Mocho Fabrication Limited is a private company limited by shares. The company is registered in England under number 12351662 and the address of the registered office is Barclays Bank Chambers, Bridge Street, Stratford-Upon-Avon, Warwickshire, CV37 6AH. The Company's place of business is Mocho Farm, Aston Somerville, Broadway, Worcestershire WR12 7JH.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
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.

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 - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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 Profit and Loss Account, 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.


MOCHO FABRICATION LIMITED (REGISTERED NUMBER: 12351662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 24,000
AMORTISATION
At 1 April 2022 10,800
Amortisation for year 4,800
At 31 March 2023 15,600
NET BOOK VALUE
At 31 March 2023 8,400
At 31 March 2022 13,200

MOCHO FABRICATION LIMITED (REGISTERED NUMBER: 12351662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 184,596 29,480 214,076
Additions - 12,030 12,030
At 31 March 2023 184,596 41,510 226,106
DEPRECIATION
At 1 April 2022 - 11,703 11,703
Charge for year - 7,452 7,452
At 31 March 2023 - 19,155 19,155
NET BOOK VALUE
At 31 March 2023 184,596 22,355 206,951
At 31 March 2022 184,596 17,777 202,373

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,178 65,071
Other debtors 2,223 17,790
11,401 82,861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,700 2,700
Trade creditors 51,525 56,303
Taxation and social security 8,177 13,908
Other creditors 216,485 380,524
278,887 453,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 6,400 9,127
Other creditors 70,072 -
76,472 9,127