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REGISTERED NUMBER: 00976868 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MICHAEL MOORE (AUTOMOBILES) LIMITED

MICHAEL MOORE (AUTOMOBILES) LIMITED (REGISTERED NUMBER: 00976868)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL MOORE (AUTOMOBILES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M F Moore
Mrs J C Moore





SECRETARY: Mrs J C Moore





REGISTERED OFFICE: Stocks Old Nursery Gardens
Burwood Park
Walton On Thames
Surrey
KT12 4AS





REGISTERED NUMBER: 00976868 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

MICHAEL MOORE (AUTOMOBILES) LIMITED (REGISTERED NUMBER: 00976868)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,070,405 3,000,036

CURRENT ASSETS
Debtors 5 96,467 73,821
Cash at bank 55,734 83,028
152,201 156,849
CREDITORS
Amounts falling due within one year 6 238,808 200,680
NET CURRENT LIABILITIES (86,607 ) (43,831 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,983,798

2,956,205

CREDITORS
Amounts falling due after more than one
year

7

366,026

385,000
NET ASSETS 2,617,772 2,571,205

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 8 2,741,390 2,741,390
Retained earnings (153,618 ) (200,185 )
2,617,772 2,571,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MICHAEL MOORE (AUTOMOBILES) LIMITED (REGISTERED NUMBER: 00976868)

BALANCE SHEET - continued
31 MARCH 2023


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 26 December 2023 and were signed on its behalf by:





Mrs J C Moore - Director


MICHAEL MOORE (AUTOMOBILES) LIMITED (REGISTERED NUMBER: 00976868)

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

1. STATUTORY INFORMATION

Michael Moore (Automobiles) 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 as modified by the revaluation of certain assets.

Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets
Tangible fixed assets 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 costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Depreciation is provided on the following basis:

Fixtures and fittings - 25% Reducing balance


The asset's 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 and loss.

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.


MICHAEL MOORE (AUTOMOBILES) LIMITED (REGISTERED NUMBER: 00976868)

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

2. ACCOUNTING POLICIES - continued
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.

Going concern
The total current Liabilities exceeds the total Current assets of the company as at 31st March 2023.The director has confirmed that the company will have continuous support from the creditors. It is on this basis accounts have be prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022 3,000,000 - 10,525 3,010,525
Additions - 93,837 - 93,837
At 31 March 2023 3,000,000 93,837 10,525 3,104,362
DEPRECIATION
At 1 April 2022 - - 10,489 10,489
Charge for year - 23,459 9 23,468
At 31 March 2023 - 23,459 10,498 33,957
NET BOOK VALUE
At 31 March 2023 3,000,000 70,378 27 3,070,405
At 31 March 2022 3,000,000 - 36 3,000,036

MICHAEL MOORE (AUTOMOBILES) LIMITED (REGISTERED NUMBER: 00976868)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2005 1,141,390 93,837 10,525 1,245,752
Valuation in 2020 1,600,000 - - 1,600,000
Valuation in 2021 258,610 - - 258,610
3,000,000 93,837 10,525 3,104,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 96,467 73,821

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 12,721 35,640
Other creditors 226,087 165,040
238,808 200,680

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 366,026 385,000

8. RESERVES
Revaluati
reserve
£   
At 1 April 2022
and 31 March 2023 2,741,390

MICHAEL MOORE (AUTOMOBILES) LIMITED (REGISTERED NUMBER: 00976868)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
M F Moore
Balance outstanding at start of year 70,905 44,466
Amounts advanced 55,000 60,092
Amounts repaid (42,154 ) (33,653 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 83,751 70,905

Mrs J C Moore
Balance outstanding at start of year 2,916 4,041
Amounts advanced 6,000 6,000
Amounts repaid (8,000 ) (7,125 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 916 2,916

The Director repaid the overdrawn loan account as at 31st March 2022 within 9 months after year end.