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REGISTERED NUMBER: 08429742 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Moorlands Custom Cabinets Ltd

Moorlands Custom Cabinets Ltd (Registered number: 08429742)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Moorlands Custom Cabinets Ltd

Company Information
for the year ended 31 March 2023







DIRECTORS: D R Joyce
M S Sharrock
W A Beasley





REGISTERED OFFICE: Unit 5b Churnetside Business Park
Station Road Cheddleton
Leek
Staffordshire
ST13 7EE





REGISTERED NUMBER: 08429742 (England and Wales)





ACCOUNTANTS: Bennett Brooks (Leek) Ltd
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Moorlands Custom Cabinets Ltd (Registered number: 08429742)

Balance Sheet
31 March 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 18,692 15,951

CURRENT ASSETS
Stocks 9,172 3,889
Debtors 5 2,658 1,525
Cash at bank 81,827 53,845
93,657 59,259
CREDITORS
Amounts falling due within one year 6 (72,513 ) (56,825 )
NET CURRENT ASSETS 21,144 2,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,836

18,385

CREDITORS
Amounts falling due after more than one year 7 (2,617 ) (5,047 )

PROVISIONS FOR LIABILITIES (3,500 ) (3,000 )
NET ASSETS 33,719 10,338

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 33,689 10,308
33,719 10,338

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:





D R Joyce - Director


Moorlands Custom Cabinets Ltd (Registered number: 08429742)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Moorlands Custom Cabinets Ltd 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 each asset over its estimated useful life.
Short leasehold - Straight line over the term of the lease
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Moorlands Custom Cabinets Ltd (Registered number: 08429742)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 April 2022 1,326 23,280 24,204 24,772 73,582
Additions - 9,541 4,699 - 14,240
At 31 March 2023 1,326 32,821 28,903 24,772 87,822
DEPRECIATION
At 1 April 2022 1,189 22,470 21,586 12,386 57,631
Charge for year 132 1,938 3,236 6,193 11,499
At 31 March 2023 1,321 24,408 24,822 18,579 69,130
NET BOOK VALUE
At 31 March 2023 5 8,413 4,081 6,193 18,692
At 31 March 2022 137 810 2,618 12,386 15,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 2,658 1,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 2,430 2,243
Trade creditors 31,569 8,129
Taxation and social security 36,390 42,969
Other creditors 2,124 3,484
72,513 56,825

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts 2,617 5,047