Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30truetruetrue2022-07-01falseWholesale of electronic and telecommunications equipment and parts1412truetrue 07706906 2022-07-01 2023-06-30 07706906 2021-06-26 2022-06-30 07706906 2023-06-30 07706906 2022-06-30 07706906 c:Director2 2022-07-01 2023-06-30 07706906 d:Buildings d:ShortLeaseholdAssets 2022-07-01 2023-06-30 07706906 d:Buildings d:ShortLeaseholdAssets 2023-06-30 07706906 d:Buildings d:ShortLeaseholdAssets 2022-06-30 07706906 d:PlantMachinery 2022-07-01 2023-06-30 07706906 d:PlantMachinery 2023-06-30 07706906 d:PlantMachinery 2022-06-30 07706906 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07706906 d:MotorVehicles 2022-07-01 2023-06-30 07706906 d:MotorVehicles 2023-06-30 07706906 d:MotorVehicles 2022-06-30 07706906 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07706906 d:FurnitureFittings 2022-07-01 2023-06-30 07706906 d:FurnitureFittings 2023-06-30 07706906 d:FurnitureFittings 2022-06-30 07706906 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07706906 d:OfficeEquipment 2022-07-01 2023-06-30 07706906 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07706906 d:CurrentFinancialInstruments 2023-06-30 07706906 d:CurrentFinancialInstruments 2022-06-30 07706906 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07706906 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 07706906 d:ShareCapital 2023-06-30 07706906 d:ShareCapital 2022-06-30 07706906 d:CapitalRedemptionReserve 2023-06-30 07706906 d:CapitalRedemptionReserve 2022-06-30 07706906 d:RetainedEarningsAccumulatedLosses 2023-06-30 07706906 d:RetainedEarningsAccumulatedLosses 2022-06-30 07706906 c:OrdinaryShareClass1 2022-07-01 2023-06-30 07706906 c:OrdinaryShareClass1 2023-06-30 07706906 c:OrdinaryShareClass1 2022-06-30 07706906 c:FRS102 2022-07-01 2023-06-30 07706906 c:Audited 2022-07-01 2023-06-30 07706906 c:FullAccounts 2022-07-01 2023-06-30 07706906 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07706906 c:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07706906









MOSS ELECTRICAL (NW) CO LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
MOSS ELECTRICAL (NW) CO LIMITED
REGISTERED NUMBER: 07706906

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,678
32,232

Current assets
  

Stocks
 5 
158,792
162,775

Debtors: amounts falling due within one year
 6 
853,899
670,671

Cash at bank and in hand
 7 
8,760
275

  
1,021,451
833,721

Creditors: amounts falling due within one year
 8 
(1,292,001)
(1,131,358)

Net current liabilities
  
 
 
(270,550)
 
 
(297,637)

Total assets less current liabilities
  
(246,872)
(265,405)

  

Net liabilities
  
(246,872)
(265,405)


Capital and reserves
  

Called up share capital 
 9 
100,000
80,000

Capital redemption reserve
  
-
20,000

Profit and loss account
  
(346,872)
(365,405)

  
(246,872)
(265,405)


The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Lindsay Goubel
Director

Date: 27 February 2024

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
MOSS ELECTRICAL (NW) CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Moss Electrical (NW) Co Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Maxmor House, Sandpit Road, Dartford, Kent, DA1 5BU. The principal activity of the company during the year has been that of electrical supplies wholesaler and distributor.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Moss Electrical Group Limited as at 30 June 2023 and these financial statements may be obtained from Companies House, Crown Way, Cardiff CF14 3UZ.

 
2.3

Going concern

The financial statements have been prepared on the going concern basis, which is dependent on the continuing provision of financial support by the parent and group companies.  During 2023 turnover has increased by 35% and the directors expect this to continue for the foreseeable future.  Equally the directors expect the parent company's financial support to continue for the foreseeable future.

Page 2

 
MOSS ELECTRICAL (NW) CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.6

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MOSS ELECTRICAL (NW) CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
5 years straight line
Plant and machinery
-
4 years straight line
Motor vehicles
-
4 years straight line
Fixtures and fittings
-
3-4 years straight line
Office equipment
-
3-4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MOSS ELECTRICAL (NW) CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the replacement value.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
4
3



Office management and other
3
3



Sales
3
2



Transport and warehouse
4
4

14
12

Page 5

 
MOSS ELECTRICAL (NW) CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures fittings and equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2022
44,305
63,274
55,927
39,322
202,828


Additions
-
-
10,000
-
10,000



At 30 June 2023

44,305
63,274
65,927
39,322
212,828



Depreciation


At 1 July 2022
41,266
62,452
31,437
35,441
170,596


Charge for the year 
2,016
822
13,959
1,757
18,554



At 30 June 2023

43,282
63,274
45,396
37,198
189,150



Net book value



At 30 June 2023
1,023
-
20,531
2,124
23,678



At 30 June 2022
3,039
822
24,490
3,881
32,232


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
158,792
162,775

158,792
162,775


Page 6

 
MOSS ELECTRICAL (NW) CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
737,838
569,241

Other debtors
85,510
64,256

Prepayments and accrued income
30,551
37,174

853,899
670,671



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
8,760
275

Less: bank overdrafts
-
(10,014)

8,760
(9,739)



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
10,014

Trade creditors
604,178
365,891

Amounts owed to group undertakings
534,923
648,066

Corporation tax
7,243
-

Other taxation and social security
27,342
8,858

Accruals and deferred income
118,315
98,529

1,292,001
1,131,358


Bank loans and overdrafts are secured by a debenture incorporating a fixed and floating charge over all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.

Page 7

 
MOSS ELECTRICAL (NW) CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100,000 (2022 - 80,000) Ordinary shares of £1.00 each
100,000
80,000


On 18 January 2023 20,000 "Ordinary" shares were issued for nil consideration.


10.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £17,223 (2022: £13,672). Contributions totalling £Nil (2022: £Nil) were payable to the fund at the balance sheet date.


11.


Controlling party

The ultimate parent is Moss Electrical Group Limited, a company incorporated in the United Kingdom. Moss Electrical Holdings Limited, a company also incorporated in the United Kingdom is the intermediate parent.
Lindsey Goubel is the majority shareholder of the parent company and hence is the ultimate controlling party. 


12.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2023 was unqualified.

The audit report was signed on 28 February 2024 by Duncan Stannett (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 8