Registration number:
Moore-Wilson Limited
for the Year Ended 30 June 2023
Moore-Wilson Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Moore-Wilson Limited
Company Information
Director |
Mr SC Wilson |
Company secretary |
Mrs Coralie Wilson |
Registered office |
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Accountants |
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Moore-Wilson Limited
(Registration number: 10841573)
Balance Sheet as at 30 June 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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- |
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Investments |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
120 |
120 |
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Other reserves |
999,882 |
999,882 |
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Retained earnings |
249,795 |
204,000 |
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Shareholders' funds |
1,249,797 |
1,204,002 |
For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Moore-Wilson Limited
(Registration number: 10841573)
Balance Sheet as at 30 June 2023 (continued)
Approved and authorised by the
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Moore-Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of the financial statements is the Pound Sterling (£) and is rounded to the nearest £1.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
25% on reducing balance |
Office equipment |
25% on reducing balance |
Investments
Investments in subsidiary undertakings are recognised at cost less impairment.
Moore-Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)
2 |
Accounting policies (continued) |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Moore-Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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Additions |
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At 30 June 2023 |
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Depreciation |
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Carrying amount |
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At 30 June 2023 |
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Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 July 2022 |
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Additions |
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At 30 June 2023 |
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Provision |
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Carrying amount |
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At 30 June 2023 |
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At 30 June 2022 |
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On 30 December 2022, the company acquired all the issued share capital of Design Incorporated (UK) Limited from an unconnected party for a consideration of £515,678.
On 30 June 2023 the shares in Moore-Wilson New Media Limited were acquired at book cost from SWCW Limited, a subsidiary company.
Moore-Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)
Debtors |
Current |
2023 |
2022 |
Other debtors |
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- |
Moore-Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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- |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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- |
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Accruals and deferred income |
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- |
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Other creditors |
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- |
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Creditors: amounts falling due after more than one year
Note |
2023 |
2022 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
2023 |
2022 |
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Non-current loans and borrowings |
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Other borrowings |
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2023 |
2022 |
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Current loans and borrowings |
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Hire purchase contracts |
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- |
Other borrowings |
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Moore-Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)
On 30 June 2023 SWCW Limited, a subsidiary company, transferred its trade and net assets to the company at book value.