0 28/02/2023 2023-02-28 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-03-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13172488 2022-03-01 2023-02-28 13172488 2023-02-28 13172488 2022-02-28 13172488 2021-02-02 2022-02-28 13172488 2022-02-28 13172488 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 13172488 bus:Director1 2022-03-01 2023-02-28 13172488 bus:Director2 2022-03-01 2023-02-28 13172488 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 13172488 core:WithinOneYear 2023-02-28 13172488 core:WithinOneYear 2022-02-28 13172488 core:AfterOneYear 2023-02-28 13172488 core:AfterOneYear 2022-02-28 13172488 core:ShareCapital 2023-02-28 13172488 core:ShareCapital 2022-02-28 13172488 core:RetainedEarningsAccumulatedLosses 2023-02-28 13172488 core:RetainedEarningsAccumulatedLosses 2022-02-28 13172488 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-28 13172488 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-28 13172488 bus:Director1 2022-02-28 13172488 bus:Director1 2023-02-28 13172488 bus:Director2 2022-02-28 13172488 bus:Director2 2023-02-28 13172488 bus:Director1 2022-02-28 13172488 bus:Director2 2022-02-28 13172488 bus:Director1 2021-02-02 2022-02-28 13172488 bus:Director2 2021-02-02 2022-02-28 13172488 bus:SmallEntities 2022-03-01 2023-02-28 13172488 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13172488 bus:FullAccounts 2022-03-01 2023-02-28 13172488 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13172488 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13172488 core:EntitiesControlledByKeyManagementPersonnel 2022-03-01 2023-02-28 13172488 core:EntitiesControlledByKeyManagementPersonnel 2021-02-02 2022-02-28 13172488 core:EntityControlledByKeyManagementPersonnel1 2022-03-01 2023-02-28 13172488 core:EntityControlledByKeyManagementPersonnel1 2021-02-02 2022-02-28 13172488 core:EntitiesControlledByKeyManagementPersonnel 2023-02-28 13172488 core:EntitiesControlledByKeyManagementPersonnel 2022-02-28 13172488 core:EntityControlledByKeyManagementPersonnel1 2023-02-28 13172488 core:EntityControlledByKeyManagementPersonnel1 2022-02-28
Company registration number: 13172488
MOSES & GOOD HOLDINGS LTD
Unaudited filleted financial statements
28 February 2023
MOSES & GOOD HOLDINGS LTD
Contents
Statement of financial position
Notes to the financial statements
MOSES & GOOD HOLDINGS LTD
Statement of financial position
28 February 2023
28/02/23 28/02/22
Note £ £ £ £
Fixed assets
Tangible assets 4 392,044 379,959
_______ _______
392,044 379,959
Current assets
Debtors 5 - 935
Cash at bank and in hand 3,725 4,724
_______ _______
3,725 5,659
Creditors: amounts falling due
within one year 6 ( 207,570) ( 195,966)
_______ _______
Net current liabilities ( 203,845) ( 190,307)
_______ _______
Total assets less current liabilities 188,199 189,652
Creditors: amounts falling due
after more than one year 7 ( 186,305) ( 193,536)
_______ _______
Net assets/(liabilities) 1,894 ( 3,884)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,794 ( 3,984)
_______ _______
Shareholders funds/(deficit) 1,894 ( 3,884)
_______ _______
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:
Mr Benjamin Good
Director
Company registration number: 13172488
MOSES & GOOD HOLDINGS LTD
Notes to the financial statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Moses & Good Holdings Ltd, 2 Green Gardens, Golcar, Huddersfield, West Yorkshire, HD7 4DG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 March 2022 379,959 379,959
Additions 12,085 12,085
_______ _______
At 28 February 2023 392,044 392,044
_______ _______
Depreciation
At 1 March 2022 and 28 February 2023 - -
_______ _______
Carrying amount
At 28 February 2023 392,044 392,044
_______ _______
At 28 February 2022 379,959 379,959
_______ _______
Investment property
Included within the above is investment property measured at fair value as follows:
£
At 1 March 2022 379,959
Additions 12,085
_______
At 28 February 2023 392,044
_______
5. Debtors
28/02/23 28/02/22
£ £
Other debtors - 935
_______ _______
6. Creditors: amounts falling due within one year
28/02/23 28/02/22
£ £
Bank loans and overdrafts 8,402 10,973
Corporation tax 420 -
Other creditors 198,748 184,993
_______ _______
207,570 195,966
_______ _______
7. Creditors: amounts falling due after more than one year
28/02/23 28/02/22
£ £
Bank loans and overdrafts 186,305 193,536
_______ _______
Bank loans are secured against the company's investment property. Aggregate amount of secured liabilities £194,707 (2022 £204,509).
Included within creditors: amounts falling due after more than one year is an amount of £ 145,226 (2022 £ 145,478 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 28/02/23
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Benjamin Good ( 58) ( 108) ( 166)
Mr Joseph Moses ( 58) ( 108) ( 166)
_______ _______ _______
( 116) ( 216) ( 332)
_______ _______ _______
Period ended 28/02/22
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Benjamin Good - ( 58) ( 58)
Mr Joseph Moses - ( 58) ( 58)
_______ _______ _______
- ( 116) ( 116)
_______ _______ _______
Credit balances on directors current accounts are provided to the company unsecured, interest free and are repayable on demand.
9. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
Year Period Year Period
ended ended ended ended
28/02/23 28/02/22 28/02/23 28/02/22
£ £ £ £
H M Tree Contractors Ltd (Co no: 11119371) ( 5,905) ( 91,991) ( 97,896) ( 91,991)
DAGS Services Ltd (Co no: 10406696) ( 7,616) ( 92,250) ( 99,866) ( 92,250)
_______ _______ _______ _______
The above parties are related to the company due the respective directors interests in the related parties. The above loans made to the company are unsecured, interest free and are repayable on demand.