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REGISTERED NUMBER: 04136953 (England and Wales)















MORE (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






MORE (UK) LIMITED (REGISTERED NUMBER: 04136953)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MORE (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: S J Cashmore
C A Cashmore





SECRETARY: C A Cashmore





REGISTERED OFFICE: Tong Road Business Park
Amberley Road
Leeds
West Yorkshire
LS12 4BF





REGISTERED NUMBER: 04136953 (England and Wales)





AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

MORE (UK) LIMITED (REGISTERED NUMBER: 04136953)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,380 70,661
Investments 5 100 100
53,480 70,761

CURRENT ASSETS
Stocks 4,458,799 3,792,688
Debtors 6 851,768 1,690,061
Cash at bank and in hand 797,935 5,850
6,108,502 5,488,599
CREDITORS
Amounts falling due within one year 7 1,859,100 2,008,989
NET CURRENT ASSETS 4,249,402 3,479,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,302,882

3,550,371

CREDITORS
Amounts falling due after more than one
year

8

159,091

235,144
NET ASSETS 4,143,791 3,315,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,143,691 3,315,127
SHAREHOLDERS' FUNDS 4,143,791 3,315,227

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 24 October 2023 and were signed on its behalf by:





S J Cashmore - Director


MORE (UK) LIMITED (REGISTERED NUMBER: 04136953)

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

1. STATUTORY INFORMATION

More (UK) 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MORE (UK) LIMITED (REGISTERED NUMBER: 04136953)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 41 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 136,891 427,348 564,239
DEPRECIATION
At 1 February 2022 132,234 361,344 493,578
Charge for year 780 16,501 17,281
At 31 January 2023 133,014 377,845 510,859
NET BOOK VALUE
At 31 January 2023 3,877 49,503 53,380
At 31 January 2022 4,657 66,004 70,661

MORE (UK) LIMITED (REGISTERED NUMBER: 04136953)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 88,006
DEPRECIATION
At 1 February 2022 22,002
Charge for year 16,501
At 31 January 2023 38,503
NET BOOK VALUE
At 31 January 2023 49,503
At 31 January 2022 66,004

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 100
NET BOOK VALUE
At 31 January 2023 100
At 31 January 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 245,529 1,027,794
Amounts owed by group undertakings 521,974 610,825
Other debtors 84,265 51,442
851,768 1,690,061

MORE (UK) LIMITED (REGISTERED NUMBER: 04136953)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 63,636 444,122
Hire purchase contracts 12,417 16,555
Trade creditors 1,019,375 1,137,070
Taxation and social security 587,585 291,147
Other creditors 176,087 120,095
1,859,100 2,008,989

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 159,091 222,727
Hire purchase contracts - 12,417
159,091 235,144

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 380,486
Bank loans 222,727 286,363
222,727 666,849

Barclays Bank PLC hold standard security dated 10 January 2002 being fixed and floating charges over the company's assets.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham French (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd

11. RELATED PARTY DISCLOSURES

Directors

Administrative expenses include £89,001 (2022 - £89,083) paid in respect of rent, service charge and insurances.
There is an amount due of £17,156 (2022 - £16,500) as at the year end.
Dividends amounting to £300,000 (2022 - £500,000) were paid in the year.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of S J and C A Cashmore who own 100% of the called up share capital.