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REGISTERED NUMBER: 03535971 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MOORHEAD DEMOLITION LIMITED

MOORHEAD DEMOLITION LIMITED (REGISTERED NUMBER: 03535971)






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


MOORHEAD DEMOLITION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C Fitton
P Horsnall
J M Prutton





SECRETARY:





REGISTERED OFFICE: Westfield Court
Lower Wortley Road
Leeds
West Yorkshire
LS12 4PX





REGISTERED NUMBER: 03535971 (England and Wales)





AUDITORS: Hollis and Co Limited
Chartered Accountants
Statutory Auditor
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

MOORHEAD DEMOLITION LIMITED (REGISTERED NUMBER: 03535971)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 102,005 172,108
Cash at bank 9,011 196,915
111,016 369,023
CREDITORS
Amounts falling due within one year 6 41,887 145,933
NET CURRENT ASSETS 69,129 223,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,129

223,090

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 69,029 222,990
SHAREHOLDERS' FUNDS 69,129 223,090

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 2 November 2023 and were signed on its behalf by:





J M Prutton - Director


MOORHEAD DEMOLITION LIMITED (REGISTERED NUMBER: 03535971)

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

1. STATUTORY INFORMATION

Moorhead Demolition 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.

The presentation currency of the financial statements is the Pound Sterling (£).


These financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the amounts ( excluding value added tax) derived from the provision of goods and services to customers during the year, other than on certain long term contracts, where the estimated sales value of work performed in the year is included. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the invoiced amount.

Long term contracts are those exceeding 12 months and any other shorter duration which are material to the activity of the period. Attributable profit is recognised once the outcome of a long term contract can be assessed with reasonable certainty. Attributable profit is recognised on the cost percentage completion method. Immediate provision is made for all foreseeable losses if a contract is assessed as unprofitable.

Financial instruments
Financial Assets and Liabilities

The company's group loans receivable and payable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price.

Debt instruments which are financing transactions at a rate of interest that is not a market rate.

Where debt instruments are classified as assets due after more than one year or long term liabilities, then the company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Where debt instruments are classified as current assets or current liabilities, then there is no present value adjustment to the initial measurement based on amortised cost.


MOORHEAD DEMOLITION LIMITED (REGISTERED NUMBER: 03535971)

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

3. ACCOUNTING POLICIES - continued
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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,923 70,672
Amounts owed by group undertakings 84,967 30,027
Amounts recoverable on contract - 69,350
Other debtors 2,115 2,059
102,005 172,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 23,950 67,369
Other creditors 17,937 78,564
41,887 145,933

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

MOORHEAD DEMOLITION LIMITED (REGISTERED NUMBER: 03535971)

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

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

The Report of the Auditors was unqualified.

Peter Hollis (Senior Statutory Auditor)
for and on behalf of Hollis and Co Limited

9. OTHER FINANCIAL COMMITMENTS

The company is party to a inter company guarantee, whereby it is guarantor of its parent company's indebtedness to its bankers.

The directors are not aware of any circumstances that may lead to the parent company's bankers making a call under this cross guarantee.

10. PARENT UNDERTAKING

The parent undertaking of the company is Willoughby (891) Limited whose registered office is Westfield Court, Lower Wortley Road, Leeds, LS12 4PX.